Bitcoin Price Drops Below $60K Amid $1.2B Selloff

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 25 2026

FLOW+0.568%

BTC+0.3%

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Increased Price Volatility: Bitcoin's price experienced over $1.2 billion in sell orders on Binance, causing it to rapidly drop below the psychological $60,000 mark, indicating a sharp deterioration in market sentiment.
Testing Key Support Levels: Analysts highlight that the current long-term support level for Bitcoin is around $33,000, which, while not necessarily needing to be tested, holds significant importance based on historical price structure and could influence future market movements.
Liquidity Changes in the Market: Binance processed over $470 million in sell orders within just one minute, demonstrating the market's sensitivity to liquidity, and this volatility has intensified uncertainty in the market.
Shift in Investor Focus: As Bitcoin continues to trade below $60,000, market participants are closely monitoring whether buyers can stabilize the price or if it will continue to decline toward lower technical support zones.

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Technical Analysis for FLOW

Technical Sentiment Analysis for Flow (FLOW). As of , Flow (FLOW) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FLOW stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, FLOW is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Flow (FLOW) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0233	0.0248	0.0262	0.0277	0.0291	0.0307	0.032
Fibonacci	0.0248	0.0259	0.0266	0.0277	0.0288	0.0295	0.0307

About FLOW

Flow is a layer one blockchain designed from the ground up for consumer apps and the digital assets that power them. The network runs on a Proof of Stake consensus mechanism with a unique 'multi-role' architecture that solves the blockchain trilemma, balancing scalability, efficiency, and cost.FLOW ($FLOW) is the native utility token that is used for:Fees for processing transactions and storing data.Buying, selling, and trading assets on FlowStaking and delegating to secure the networkFlow tools include:Cadence, a purpose-built smart contract programming language designed for consumer-grade applicationsFull EVM equivalence, allowing anything from Ethereum to work on FlowProtocol-level account abstraction and mobile support for onboarding new usersCross-chain interoperability with the wider web3 ecosystemDeveloper hub with comprehensive documentation and tools

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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