qinbafrank|Jun 27, 2026 03:26
On Monday, we talked about how overall liquidity still shows no signs of significant recovery. Over the past 6 days, $BTC dropped by as much as $7,500.
On the morning of June 1st, I mentioned here https://((x.com))/qinbafrank/status/2061262592824520739?s=46&t=k6rimWsEbo2D2tXolYcM-A that overall liquidity was weakening, stablecoins were flowing out significantly, and ETFs were also seeing major outflows, which would put further pressure on $BTC's price. In the following 6 days, $BTC dropped as much as $15,000 (from $74K to $59K).
It seems like the intensity of the drop is slightly better compared to earlier this month. Could $BTC stabilize in the short term? If it can hold through the most vulnerable period early next week (I talked about this vulnerable period here https://((x.com))/qinbafrank/status/2070509100413411791?s=46&t=k6rimWsEbo2D2tXolYcM-A during the last two days).
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