COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- The crypto market continues to languish, with Bitcoin (BTC) and other altcoins showing significant declines.
- Despite this downturn, analysts from CryptoQuant maintain that we are still in a bullish phase.
- An analysis reveals that Bitcoin prices have fallen below critical on-chain metrics, with no visible bullish trend.
This article explores the current downturn in the cryptocurrency market and delves into factors affecting Bitcoin’s trajectory.
Absence of Bullish Momentum in the Crypto Market
The evident lack of bullish momentum within the cryptocurrency market is reflected in the subdued growth of Bitcoin whale demand and dwindling stablecoin liquidity. The demand from large BTC holders is witnessing a modest monthly increase of 4.8%, a number that is higher than the 2.4% observed in late May but falls short of the 6%-10% growth rate recorded earlier this year when Bitcoin rallied to its all-time high.
Furthermore, on-chain data suggests that traders are not rekindling their interest in BTC, indicated by a decrease in their current holdings since Bitcoin’s price reached $70,000 in late May. Additionally, stablecoin liquidity, which is imperative for price rallies, has been on a downward trajectory. Tether’s (USDT) 60-day market capitalization growth has decelerated from $12.6 billion in late April to $3.7 billion, the slowest pace since November 2023. To stimulate price surges, an increase in stablecoin liquidity is crucial.
Potential Decline to $60,000 for BTC
The demand for Bitcoin and Ether (ETH) from U.S. investors remains at a historic low, a trend observed since May 20 with the BTC and Ethereum Coinbase Premiums below zero. U.S. investor demand is a pivotal determinant of BTC and ETH prices, and the current scenario isn’t promising.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
This weak demand is also mirrored in spot Bitcoin exchange-traded funds (ETFs), which have experienced consistent outflows since June 13. These funds have collectively seen outflows exceeding $100 million each trading day over the past week.
“Indeed, the Bull-Bear Market Cycle indicator from CryptoQuant continues its downward trajectory, indicating that we are in a bull market with insufficient upward momentum. Currently, the index is at its lowest since October 2023 and below its 30-day moving average. A crossover past its 30-day moving average is necessary for the index to signal upward bullish momentum,” stated CryptoQuant.
Amidst these conditions, BTC is poised to decline further, potentially hitting the $60,000 mark since it has fallen below the traders’ on-chain realized price.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
Conclusion
In summary, the cryptocurrency market is experiencing a significant lack of bullish momentum, exacerbated by weak demand from Bitcoin whales and low stablecoin liquidity. The prospect of Bitcoin falling to $60,000 remains plausible unless there is an increase in both whale demand and stablecoin inflows. Despite these challenges, analysts assert that the market remains in a bullish phase, although the need for renewed momentum is more crucial than ever.
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |