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Prezzi
cryptoJun 11, 2026, 6:21 AM

CryptoQuant Suggests Bitcoin Bottom at $53,600, Demand Drops 652K BTC

CryptoQuant points to $53,600 as a potential Bitcoin bottom at the average realized price, but notes unfavorable conditions including a 652,000 BTC demand drop and 74,000 BTC monthly ETF outflows.

BTCUSD

Analysts at CryptoQuant have identified the $53,600 level as a potential bottom for Bitcoin, based on the average realized price of the asset. This price point historically acts as a support zone during market downturns.

However, the firm also flags a challenging market backdrop. Aggregate demand for Bitcoin plunged by 652,000 BTC last week. Monthly net outflows from spot Bitcoin ETFs reached 74,000 BTC, while realized losses among holders over the past 30 days remain below typical capitulation thresholds.

The data suggests that despite the potential support level, the market has not yet seen a full washout of weak hands, leaving room for further downside or a prolonged consolidation phase.

Source: ForkLog