{"id":611518,"date":"2026-06-08T14:00:39","date_gmt":"2026-06-08T14:00:39","guid":{"rendered":"https:\/\/Blockchain.News\/news\/bitcoin-rebounds-to-64k-after-selloff"},"modified":"2026-06-08T14:00:39","modified_gmt":"2026-06-08T14:00:39","slug":"bitcoin-btc-recovers-to-64k-after-sell-off-below-60k","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/06\/08\/bitcoin-btc-recovers-to-64k-after-sell-off-below-60k\/","title":{"rendered":"Bitcoin (BTC) Recovers to $64K After Sell-Off Below $60K"},"content":{"rendered":"
\n

Iris Coleman<\/a> Jun 08, 2026 14:00<\/span> <\/p>\n

BTC fell below $60K amid $1.6B liquidations but rebounded to $64K. Weak institutional flows and heightened volatility signal continued caution.<\/p>\n

\"Bitcoin <\/a> <\/figure>\n

Bitcoin<\/a> (BTC) has staged a partial recovery to $63,715 as of June 8, 2026, following a steep sell-off that saw prices drop below $60,000 for the first time since October 2024. The crypto briefly hit $59,227 on June 6, triggering $1.6 billion in liquidations, before bouncing back above $61,000. Despite the rebound, market signals suggest caution remains dominant.<\/p>\n

Last week, BTC tumbled from $74,000 to sub-$60K levels, reflecting a brutal 19.3% seven-day drop. The broader weakness has erased 26.8% from Bitcoin\u2019s value over the past 30 days, driven by heavy liquidation pressure and declining institutional participation. Spot markets have seen a surge in trading volumes, but rather than signaling fresh demand, this activity appears to reflect investors offloading positions during heightened volatility.<\/p>\n

Derivatives and Institutional Signals Show Risk-Off Sentiment<\/h2>\n

Data from Glassnode highlights unwinding leverage in derivatives markets, with Bitcoin futures open interest contracting sharply. Perpetual futures markets show persistent sell-side aggression, while options traders are increasingly hedging downside risk. Metrics like 25-delta skew and the volatility spread have risen, indicating growing demand for protective puts over calls.<\/p>\n

Institutional flows offer little reassurance. U.S.-listed Bitcoin ETFs have recorded 13 consecutive days of outflows as of June 4, underscoring diminished appetite for crypto exposure. Aggregate investor profitability has compressed toward cost-basis levels, suggesting institutions are reassessing their positions amid uncertain macro conditions.<\/p>\n

Fundamental Metrics Show Long-Term Stability<\/h2>\n

Despite the weak price action, fundamental on-chain metrics remain resilient. Long-term holders continue to dominate supply, while active addresses and transfer volumes have increased, signaling strong network activity. However, total transaction fees\u2014a proxy for demand\u2014have cooled. The market appears to be in a capitulatory phase, balancing short-term liquidation pressure against a solid base of long-term holder confidence.<\/p>\n

What\u2019s Driving the Sell-Off?<\/h2>\n

The recent rout can be attributed to a combination of macroeconomic and sector-specific factors. Rising U.S. Treasury yields following a strong jobs report have triggered a broader risk-off rotation, impacting not just crypto but also AI-related equities. Additionally, outflows from Bitcoin ETFs and the first disclosed BTC sale from a major institutional strategy since 2022 have compounded selling pressure.<\/p>\n

Adding to the bearish sentiment, the market is still digesting the implications of $1.6 billion in liquidation-driven selling, which exacerbated the downward momentum. With weaker institutional flows and heightened volatility, the path forward for Bitcoin remains uncertain.<\/p>\n

Looking Ahead<\/h2>\n

Bitcoin\u2019s current recovery to $63,715 represents a 3.21% gain over the past 24 hours, but the broader trend remains fragile. Investors should watch for signs of stabilization in derivatives markets and ETF flows, as these could indicate a shift in sentiment. Key support remains near $60,000, while resistance around $64,000-$65,000 will test whether this rebound has legs.<\/p>\n

Image source: Shutterstock<\/i><\/span> Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Iris Coleman Jun 08, 2026 14:00 BTC fell below $60K amid $1.6B liquidations but rebounded to $64K. Weak institutional flows and heightened volatility signal continued caution. Bitcoin (BTC) has staged a partial recovery to $63,715 as of June 8, 2026, following a steep sell-off that saw prices drop below $60,000 for the first time since […]<\/p>\n","protected":false},"author":1,"featured_media":611519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,12],"tags":[31,118,504,24263,9777,25],"class_list":{"0":"post-611518","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-blockchain","9":"tag-bitcoin","10":"tag-btc","11":"tag-crypto-market","12":"tag-institutional-flows","13":"tag-liquidations","14":"tag-news"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/611518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=611518"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/611518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/611519"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=611518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=611518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=611518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}