Bitcoin Falls Below $61,500 Ahead of U.S. Inflation Data as Bearish Bets Build
Updated
Updated · CoinDesk · Jun 9
Bitcoin Falls Below $61,500 Ahead of U.S. Inflation Data as Bearish Bets Build
3 articles · Updated · CoinDesk · Jun 9
Summary
Bitcoin slipped back below $61,500 ahead of U.S. inflation data due Wednesday, trading under its 200-week moving average—a level some analysts link to prolonged bear markets.
Derivatives positioning and funding rates across major tokens point to rising bearish sentiment, with short bets increasing as traders brace for the inflation print.
Lekker Capital CIO Quinn Thompson said crypto is also facing structural pressure from digital asset treasury concerns, questions around Strategy's STRC preferred shares and lingering quantum-computing fears.
Thompson argued weak liquidity and heavy selling have left bitcoin unusually detached from tech stocks, while AI-driven capex, rising hyperscaler debt and a wave of potential IPOs could further drain market capital this summer.