Hupzy (Spot On Chain)|Jun 04, 2026 00:42
📈 BREAKING: BTC has broken below $64,000 — wiping ~$400 billion in market cap since May 11th.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: $64K was the last major support from the post-halving rally structure. Losing it flips that level back into resistance and puts BTC in a sustained multi-month downtrend. The $400B loss represents forced selling, not paper losses — any bounce into $64K–$65K is likely to face heavy sell pressure from trapped longs. The path of least resistance remains lower until a clear reversal candle prints on high volume.
--source: https://x.com/KobeissiLetter/status/2062331177571061999
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