Bitcoin: Realized Losses Accelerate at $60K

BTC traded down to $60K as profitability collapsed, recent buyers sank into loss, and realized losses accelerated. Institutional demand weakened while options markets continued to price elevated risk.

Price action on the 4h chart shows BTC at $61956.38 locked in a bearish trend beneath the EMA50 at $64022.39 and far below the EMA200 at $71270.36. The MACD golden cross at -417.12 hints at building momentum while RSI at 46.29 stays neutral; with price inside the Bollinger bands, a push toward upper resistance at $64227.95 remains possible before any retracement to lower support at $60714.24.