Bitcoin (CRYPTO: BTC) lost 20% of its value in June, its worst monthly performance since June 2022. U.S. spot ETFs shed $4.5 billion in their worst month since launching in January 2024.
June’s Price Chart Looks Unlike Almost Any Other Month In Bitcoin’s History
Bitcoin’s June candlestick closed as a solid red bar with almost no wicks on either end, making the bearish signal even worse than the raw 20% number suggests.
Wicks show where buyers or sellers pushed back during a period. Long wicks mean both sides were fighting. June had none of that.
Price opened June 1, fell in a near-straight line, and closed at its lowest point of the month, with no meaningful bounce and no relief rally anywhere in between.
