Bitcoin faces further downside risk amid growing short-term holder losses, weak ETF demand

Bitcoin's (BTC) recent decline toward the $60,000 level has pushed the market further into bearish territory, with new investors suffering huge unrealized losses, according to a Glassnode report on Wednesday.

Jun 11, 2026 - 10:00
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Bitcoin faces further downside risk amid growing short-term holder losses, weak ETF demand
Bitcoin's (BTC) recent decline toward the $60,000 level has pushed the market further into bearish territory, with new investors suffering huge unrealized losses, according to a Glassnode report on Wednesday.

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