RSI below 18 shows oversold conditions, but trend stays bearish.<\/li>\n<\/ul>\nBitcoin (BTC) has been under sustained pressure, trading around the $63,548 level after a sharp multi-week decline that has erased a large portion of its recent recovery.<\/p>\n
Notably, the BTC price decline reflects a combination of institutional selling, forced liquidations, and weakening market structure that continues to dominate short-term price action.<\/p>\n
Even though technical indicators now show deeply oversold conditions, the broader flow of capital suggests that downside risk remains active.<\/p>\n
The current setup places Bitcoin in a zone where short-term relief rallies are possible, but sustained recovery has yet to form.<\/p>\n
Bitcoin ETF outflows weigh heavily on the BTC price<\/h2>\n
One of the most consistent pressures on Bitcoin has been the ongoing withdrawal of capital from US spot Bitcoin exchange-traded funds.<\/p>\n
Data shows a stretch of 11 consecutive days of net outflows, including a single-day redemption of roughly $519 million on June 2.<\/p>\n
Over the past ten days from May 25, 2026 to June 3, 2026, Bitcoin ETFs have witnessed over 3 billion worth of outflows according to CoinGlass data.<\/p>\n
This pattern has effectively removed a major source of steady institutional demand.<\/p>\n
According to Citi analysts, ETF flows account for about 45% of weekly return variation, highlighting how strongly prices now respond to institutional positioning.<\/p>\n
With flows turning negative for nearly two weeks, Bitcoin has been left without its primary demand driver at a time when selling pressure is already elevated.<\/p>\n
This shift is important because ETFs were previously absorbing large amounts of Bitcoin supply during the recovery phase.<\/p>\n
The current reversal means that instead of acting as a stabilizing force, ETFs are now contributing to downside momentum.<\/p>\n
Without a clear return of net inflows, price stability above the mid-$60,000 range has remained difficult to sustain.<\/p>\n
Liquidations and macro pressure amplify the decline<\/h2>\n
Alongside ETF outflows, leveraged positions in the derivatives market have added fuel to the downturn.<\/p>\n
More than $749.982 million in leveraged long positions have been liquidated within a 24-hour window during the sell-off, according to market data.<\/p>\n
![\"Bitcoin](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/06\/crypto-liquidation-heatmap.png\")
<\/p>\n
These forced closures have accelerated price movement lower rather than allowing gradual adjustment.<\/p>\n
Bitcoin\u2019s drop below key technical zones has triggered additional selling, reinforcing a cascading effect where falling prices lead to further liquidation pressure.<\/p>\n
At the same time, macroeconomic conditions have reduced the overall appetite for risk assets.<\/p>\n
Strong US employment data has pushed expectations for Federal Reserve rate cuts further into the future, reinforcing a \u201chigher-for-longer\u201d interest rate environment.<\/p>\n
This has reduced liquidity flowing into speculative markets, including crypto.<\/p>\n
In addition, geopolitical tensions, particularly renewed instability involving Iran and broader global risk concerns, have also contributed to defensive positioning across financial markets.<\/p>\n
In this environment, Bitcoin has continued to trade in line with high-risk assets rather than acting independently.<\/p>\n
Technical structure shows oversold conditions but no confirmed reversal<\/h2>\n
From a technical perspective, Bitcoin is showing some of the most extreme oversold readings in recent months.<\/p>\n
The 14-day Relative Strength Index has dropped to around 17.7\u201318, a level that typically reflects heavy selling exhaustion.<\/p>\n
Historically, readings this low have often preceded short-term relief rallies.<\/p>\n
However, other technical indicators present a more cautious picture.<\/p>\n
Bitcoin is currently trading below all major exponential moving averages, including the 10-day, 20-day, 50-day, 100-day, and 200-day EMAs. This alignment signals a strong bearish trend across multiple timeframes.<\/p>\n
![\"Bitcoin](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/06\/BTCUSD_2026-06-04_12-15-27.png\")
<\/p>\n
Looking at the short-term Bitcoin price projections, the immediate support zone sits near $62,964, while a broader structural floor is located around the $60,000 region, which also aligns with long-term trend indicators.<\/p>\n
A breakdown below $62,964 would increase the likelihood of a move toward lower liquidity zones near $60,000 and potentially $55,000.<\/p>\n
On the upside, Bitcoin would need to close above $69,124 to shift short-term momentum. If that level is reclaimed, the next resistance zone is positioned near $71,589, which would signal early signs of structural recovery.<\/p>\n
But until then, the trend remains heavily influenced by downside momentum rather than reversal signals.<\/p>\n
\n
\n
Share this article<\/h6>\n
\nCategories<\/h6>\n
\nTags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n
Markets,Bitcoin News#Bitcoin #price #fall #oversold #conditions1780570615<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin ETF outflows remain negative for 11 straight days, pressuring BTC. $749 million in liquidations have accelerated the Bitcoin price drop. RSI below 18 shows oversold conditions, but trend stays bearish. Bitcoin (BTC) has been under sustained pressure, trading around the $63,548 level after a sharp multi-week decline that has erased a large portion of<\/p>\n","protected":false},"author":1,"featured_media":8751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-9616","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\n
Why Bitcoin price could fall below $62,000 despite oversold conditions - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Bitcoin risks dropping below $62K as ETF outflows, liquidations, and macro pressure outweigh oversold signals despite weak rebound chances.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=9616\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Bitcoin price could fall below $62,000 despite oversold conditions\" \/>\n<meta property=\"og:description\" content=\"Bitcoin risks dropping below $62K as ETF outflows, liquidations, and macro pressure outweigh oversold signals despite weak rebound chances.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=9616\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-04T10:56:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/bitcoin-price-decline-chart-red-market.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9616\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=9616\",\"name\":\"Why Bitcoin price could fall below $62,000 despite oversold conditions - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9616#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9616#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/bitcoin-price-decline-chart-red-market.png\",\"datePublished\":\"2026-06-04T10:56:55+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Bitcoin risks dropping below $62K as ETF outflows, liquidations, and macro pressure outweigh oversold signals despite weak rebound chances.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9616#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=9616\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9616#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/bitcoin-price-decline-chart-red-market.png\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/bitcoin-price-decline-chart-red-market.png\",\"width\":1536,\"height\":1024},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9616#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why Bitcoin price could fall below $62,000 despite oversold conditions\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto & Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why Bitcoin price could fall below $62,000 despite oversold conditions - Crypto News: Latest Cryptocurrency News and Analysis","description":"Bitcoin risks dropping below $62K as ETF outflows, liquidations, and macro pressure outweigh oversold signals despite weak rebound chances.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=9616","og_locale":"en_US","og_type":"article","og_title":"Why Bitcoin price could fall below $62,000 despite oversold conditions","og_description":"Bitcoin risks dropping below $62K as ETF outflows, liquidations, and macro pressure outweigh oversold signals despite weak rebound chances.","og_url":"https:\/\/cryptonews.uk.com\/?p=9616","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-06-04T10:56:55+00:00","og_image":[{"width":1536,"height":1024,"url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/bitcoin-price-decline-chart-red-market.png","type":"image\/png"}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=9616","url":"https:\/\/cryptonews.uk.com\/?p=9616","name":"Why Bitcoin price could fall below $62,000 despite oversold conditions - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=9616#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=9616#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/bitcoin-price-decline-chart-red-market.png","datePublished":"2026-06-04T10:56:55+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"description":"Bitcoin risks dropping below $62K as ETF outflows, liquidations, and macro pressure outweigh oversold signals despite weak rebound chances.","breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=9616#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=9616"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=9616#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/bitcoin-price-decline-chart-red-market.png","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/bitcoin-price-decline-chart-red-market.png","width":1536,"height":1024},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=9616#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"Why Bitcoin price could fall below $62,000 despite oversold conditions"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto & Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/9616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9616"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/9616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/8751"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Bitcoin](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/04\/bitcoin-price-decline-chart-red-market.png\")
\n<\/picture> <\/div>\n<\/p><\/div>\n