On June 19, Bitcoin’s price fell to $62,000, losing about 3% in a day. Ethereum dropped below $1700.
The correction comes amid renewed uncertainty in the Middle East. U.S. Vice President JD Vance postponed a trip to Switzerland planned for signing an agreement with Iran.
Additionally, Israel is hindering the ceasefire, with the IDF striking several targets in southern Lebanon. Despite this, oil prices continue to fall, with popular brands declining throughout the week.
In the past 24 hours, the crypto market saw $460 million in liquidations, mostly in long positions.
Ongoing outflows from crypto ETFs are also exerting pressure. Negative trends in Bitcoin funds have persisted since mid-May, with only occasional minor inflows. On June 18, investors withdrew $90 million from these products.
The Crypto Fear and Greed Index dropped to 14 points, indicating “extreme fear.”
Analyst Assessments
CryptoQuant contributor Amr Taha noted a simultaneous decline in Bitcoin inflows to Binance and Coinbase from mid-sized investors (holding 100 to 1000 BTC).
“The simultaneous decline is significant because inflows to exchanges are often interpreted as a sign of potential selling or profit-taking. When investors transfer BTC to exchanges, the market usually watches for possible seller pressure,” the expert explained.
Inflows to Binance and Coinbase have decreased to levels seen in late February, while Coinbase Prime’s indicator has dropped to early April lows.
This makes the recent decline more positive for Bitcoin’s short-term prospects, according to Taha.
Technical analyst Axel Adler Jr. noted that Bitcoin still holds the support level at $58,000.
Bitcoin is holding key support at $58K.
But the real problem is elsewhere: fresh capital is not entering the market.
New Investor Flow has turned negative, around -$1.2 billion. Right now, BTC is being held by old hands, not new demand.
What this means for market structure -… pic.twitter.com/sxYQVo5nrs
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) June 19, 2026
However, according to the expert, the real issue lies elsewhere—new capital is not entering the market:
“New Investor Flow has turned negative, around -$1.2 billion. Right now, Bitcoin is being held by old hands, not new demand.”
Previously, QCP Capital stated that the U.S.-Iran agreement reduced risks in global energy issues, yet Bitcoin continues to show weakness due to fears of further sales by Strategy.
