Bitcoin is on \u201cthe edge of a breakdown,\u201d reported onchain analytics firm Swissblock on Monday.<\/p>\n
The analysts noted that the loss of the \u201cCost Basis Zone\u201d has already triggered a decisive drawdown.<\/p>\n
Consolidation inside this zone appeared constructive, but there was no confirmation, and BTC failed to hold it, showing little strength when trying to reclaim it, they said.<\/p>\n
\u201cThat shifted the framework from consolidation into breakdown risk.\u201d<\/p>\n
The Cost Basis Zone is currently between around $72,000 and $79,000, according to the Swissblock chart.<\/p>\n
It measures the price range<\/a> where recent Bitcoin buyers, especially short-term holders, acquired their BTC on average and acts as a key support\/resistance level based on the actual purchase prices of coins in circulation.<\/p>\n \u201cThe only way BTC recovers its bullish posture is by re-entering the Cost Basis Battlefield with strength.\u201d<\/p>\n Bitcoin is on the edge of a breakdown.<\/p>\n The loss of the Cost Basis Zone has already triggered a decisive drawdown.<\/p>\n At first, consolidation inside the cost-basis battlefield looked constructive.<\/p>\n But consolidation was not confirmation. \u2014 Swissblock (@swissblock__) June 1, 2026<\/a><\/p>\n\n Bitcoin is \u201cunder growing pressure,\u201d stated<\/a> Glassnode on Monday. \u201cSellers dominate spot, ETF outflows accelerate to $1.3 billion, and fresh capital has stalled,\u201d it added.<\/p>\n \u201cStructure has broken, and momentum favours the downside near-term.\u201d<\/p>\n Bitcoin ETP provider Bitcoin Capital echoed<\/a> the sentiment, stating that the recovery stalled exactly at the short-term holder cost basis and rolled over.<\/p>\n Key on-chain metrics have broken down at current price levels, which are a \u201ccontained drawdown and failed recovery.\u201d<\/p>\n \u201cBitcoin\u2019s weakness against the wider market has reached its highest point ever,\u201d commented<\/a> the usually bullish \u2018Sykodelic\u2019. \u201cIt is now the only macro asset not in expansion.\u201d<\/p>\n \u201cAt this moment, Bitcoin has completely decoupled from every other macro asset, for the first time since it was created.\u201d<\/p>\n It will also be the first time any macro asset has \u201ccreated its own unique path and ignored the underlying forces that govern financial markets,\u201d he added.<\/p>\n Bitcoin fell to $70,000 in early Asian trading on Tuesday morning, marking a 3.8% daily decline.<\/p>\n The asset is currently down 8% on the week and is poised to fall back into the $60,000 zone, returning to levels last seen in early April.<\/p>\n It is still largely range-bound, as it has been since early February, but could now fall to the bottom of that range, around $65,000.<\/p>\n A recent SEC filing revealed that Michael Saylor\u2019s Strategy sold 32 BTC<\/a> in late May for around $2.5 million, compounding the overwhelmingly bearish sentiment.<\/p>\n The post Bitcoin Hits $70K After Losing Key Cost Basis Zone as Analysts Warn of Deeper Drawdown<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin is on \u201cthe edge of a breakdown,\u201d reported onchain analytics firm Swissblock on Monday. The analysts noted that the loss of the \u201cCost Basis Zone\u201d has already triggered a decisive drawdown. Consolidation inside this zone appeared constructive, but there was no confirmation, and BTC failed to hold it, showing little strength when trying to […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-173682","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/173682"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=173682"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/173682\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=173682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=173682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=173682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nBTC failed to hold the zone, then showed\u2026 pic.twitter.com\/6qGc0nYKYn<\/a><\/p>\nBitcoin Dumps to $70K<\/h2>\n