BloFin Research: Bitcoin June 2026 Low Near $58,000 Not a Cycle Bottom

BloFin Research said Bitcoin’s June 2026 low near $58,000 does not meet on-chain conditions seen at prior cycle bottoms and flagged realized price near $54,000 as the minimum threshold. According to BeInCrypto, Bitcoin fell to about $57,950 on July 1, 2026, its lowest in about 21 months, after closing June down nearly 20% and roughly 50% below the October 2025 peak. The report noted late June marked the first weekly close below the 200-week moving average since 2023, while prior bottoms occurred below realized price. It said a durable bottom likely aligns with Q4 2026 and requires easing financial conditions, including falling real yields, a weaker dollar and receding Fed hike expectations.