Bitcoin (BTC) is once again approaching its yearly low near $59,000 after a failed recovery attempt left bulls unable to reclaim key resistance levels. BTC traders are now anticipating new lows for 2026 as the price drifts back toward a major support zone.<\/p>\n
However, exchange inflows from mid-sized investors across Binance and Coinbase recently dropped to their lowest levels since April 4, easing further selling pressure.<\/p>\n
Liquidation data also shows more than $4 billion in leveraged positions concentrated near the $59,000 level, a setup that may lead to a downside liquidity sweep before a recovery rally towards the $68,000 range. <\/p>\n
Bitcoin traders target liquidity pocket below $59,000<\/h2>\n
Bitcoin’s recovery attempt stalled before reaching the daily fair-value gap between $67,500 and $70,500. The sellers regained control near the 50-day and 100-day exponential moving averages, which continue to act as overhead resistance.<\/p>\n
The rejection pushed BTC below an ascending channel, confirming a bearish break of structure on the four-hour chart. The price is currently trading below the channel range, with internal liquidity support near $60,700 as the next area of interest, followed by the yearly low at $59,000.<\/p>\n
BTC\/USD, four-hour chart. Source: <\/em>Cointelegraph\/TradingView<\/em><\/span><\/p>\n The liquidation data adds weight to that zone. Around $4 billion in cumulative leveraged long positions is concentrated near $59,000. A move into that area could trigger forced selling and flush out late long positions. Beyond that level, the next major liquidity concentration is near $68,000, where more than $4.75 billion in cumulative positions are clustered.<\/p>\n The momentum conditions are also approaching an extreme. The relative strength index (RSI) is hovering near oversold territory. Another push toward yearly lows would likely drive the indicator below 30, a level that may precede a sharp relief bounce after liquidations.<\/p>\n Crypto analyst Killa said<\/span> Bitcoin could still front-run the liquidity pool below $60,000 rather than fully sweeping it. The trader argued that markets often move in the opposite direction of levels that attract widespread attention, similar to how Bitcoin front-ran liquidity above $140,000 in October 2025.\u00a0<\/p>\n BTC trader LP also warned<\/span> against becoming “too bearish here” in the short term, pointing to a potential bottom forming toward late June.<\/p>\n BTC\/USD, one-day chart analysis by LP. Source: X<\/em><\/p>\n Related: Bitcoin\u2019s deeply discounted versus AI-stocks, but hawkish Fed risk lingers: Bitwise<\/strong><\/em><\/span><\/p>\n According to CryptoQuant analyst Amr Taha, inflows from mid-sized Bitcoin investors declined simultaneously across Binance, Coinbase, and Coinbase Prime on June 19. Binance recorded<\/span> roughly 3,500 BTC in inflows, Coinbase nearly 3,000 BTC, and Coinbase Prime about 1,700 BTC, the lowest readings since April 4.<\/p>\n BTC exchange inflow structure by mid-size investors. Source: CryptoQuant<\/em><\/p>\n Exchange inflows are commonly tracked as a measure of potential selling intent. Lower deposits mean fewer coins are being positioned for immediate sale. This indicates one source of near-term sell pressure has eased.<\/p>\n The trend does not signal new demand on its own. It shows that mid-sized holders are reducing transfers to trading venues as Bitcoin trades near $62,000. For now, the flow data points to lighter exchange-side pressure even as price tests a major liquidity concentration near yearly lows.<\/p>\n Related: Bitcoin tipped for Q3 ‘macro bottom’ near $50K as major liquidity grab looms<\/strong><\/em><\/span><\/p>\n<\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin (BTC) is once again approaching its yearly low near $59,000 after a failed recovery attempt left bulls unable to reclaim key resistance levels. BTC traders are now anticipating new lows for 2026 as the price drifts back toward a major support zone. However, exchange inflows from mid-sized investors across Binance and Coinbase recently dropped …<\/p>\n","protected":false},"author":1,"featured_media":31,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-32","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t![\"\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1581.png\")
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<\/figure>\n<\/p>\nBTC exchange inflows continue to decline<\/h2>\n
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