Bitcoin dropped to $58,131 on June 25, marking its lowest price since September 2024. That’s a staggering fall from grace for an asset that was trading above $126,000 just eight months ago.
The selloff triggered more than $1.4 billion in liquidations over 24 hours, with the overwhelming majority hitting long positions.
How bad is the damage
Bitcoin’s weekly losses now sit at 6.6%. After touching that intraday low, the price staged a modest bounce to around $59,460, still down roughly 2.6% on the day.
The Crypto Fear & Greed Index, which measures market sentiment on a scale from 0 to 100, cratered to 13. That puts the reading firmly in “Extreme Fear” territory.
