According to BlockBeats, on June 18, CryptoQuant analysts said that Bitcoin has fallen below the key price support level of 65,800, which may indicate an 8% to 12% correction, which may cause the price to fall to 60,000 US dollars.
CryptoQuant analysts said that the growth of Bitcoin whale demand remains weak. In addition, stablecoin liquidity continues to slow down, with the growth rate being the lowest since November 2023. Further downward pressure on Bitcoin comes from the unwinding of basis trades, which may lead to a sharp sell-off in the spot market, causing the price of Bitcoin to fall.
