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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/06/2026

Bitcoin Nears $63.5K Weekly Close Amid 7-Week Monday Losing Streak

What happened: Bitcoin rallied to $63,653 over the weekend, its highest level in nearly two weeks, before facing renewed caution as traders flagged a seven-week streak of Monday losses.

Bitcoin Nears $63.5K Weekly Close Amid 7-Week Monday Losing Streak

What happened: Bitcoin rallied to $63,653 over the weekend, its highest level in nearly two weeks, before facing renewed caution as traders flagged a seven-week streak of Monday losses. Notably, $167 million in crypto liquidations occurred over 24 hours, and spot ETF inflows hit $224 million on Thursday, ending a six-session outflow streak. Key technical levels include support at $62,700 (weekly 200 SMA), with traders warning of potential downside if this level fails.

Why it matters: The weekend surge was characterized as a short squeeze by analysts, suggesting the rally may be driven more by covering positions than new demand. The persistent negative Monday pattern, while anecdotal, is fueling caution among traders. ETF inflows provide a counterpoint, hinting at renewed institutional interest after weeks of redemptions, but overall sentiment remains fragile.

Source: Cointelegraph, KuCoin News