Bitcoin fell to $61,000; what's happening in the market
On the morning of June 4, Bitcoin briefly dipped to around $61,000; however, unlike Ethereum and Solana, it did not set new local lows. The drop from $82,000 to $61,000 reminds market participants of the February correction phase—a sharp decline without clear rebounds and with a lack of buying liquidity.
At the same time, a key question remains unanswered: who exactly is currently putting pressure on the market with their selling. Speculation is emerging within the community that part of the movement may be linked to major players such as Strategy and its liquidity management policy.
In particular, the market is paying attention to the company’s recent transactions and is awaiting a more detailed report on Monday.
The company did indeed report the sale of 32 BTC worth approximately $2.5 million, marking its first such move since 2022. At the same time, the volume of these transactions appears insufficient to single-handedly explain the scale of the current market movement.
Two market scenarios: technical and “technological”
Currently, two main interpretations of the situation have emerged in the crypto community.
The first is more “classic.” The market is in the local bottom of the range, and the current correction is part of a larger redistribution cycle. In this scenario, the logic is simple: a gradual BTC DCA accumulation strategy appears justified, as the market is already close to the lower boundary of the range but still allows for a move into the $58,000–55,000 zone.
The second scenario is more aggressive and pessimistic. It is based on the assumption that the correction may not be an isolated event in the crypto market, but rather part of a broader decline in risk assets. If the tech sector and AI stocks continue to correct, this could trigger a domino effect.
In this scenario, some truly radical estimates are being voiced: if overheated tech stocks do indeed enter a deep correction by summer, the crypto market could remain under pressure until as late as August or September.
Altcoins: Selectivity Instead of “Everything Is Growing”
Despite the volatility, part of the market continues to highlight specific narratives—AI, privacy, RWA, and revenue tokens.
Among the assets remaining in the spotlight: VVV, NEAR, ZEC, HYPE, LIT, ONDO. The logic is simple: even during a general correction, the market behaves unevenly, and capital continues to flow into specific stories rather than the “market as a whole.”
So what should you do?
In the classic interpretation of the current market phase, the answer is pragmatic: don’t try to call the bottom, but use DCA. Partial entry into the spot market in the current zone is considered a viable strategy, especially given that the market is already at the lower end of the local range. At the same time, the risk of a further decline to $58,000–55,000 remains on the table, which is why a strategy of gradually building a position seems more logical than a one-time entry.
The market is currently in a phase of heightened uncertainty, where two narratives coexist: technical DCA optimism and macro-pessimism related to risky assets in general. In such conditions, the key is not trying to predict the market’s movement, but managing risk and position size. And for those not in the market—as always, it’s a bit easier to watch the game from the sidelines.
The company announced this on its website.
Read also:
Bitcoin jumped to its highest level since February — Bloomberg.
Peter Schiff called Bitcoin “Shitcoin” and challenged Michael Saylor to a debate
Bitcoin mining and artificial intelligence are moving in opposite directions
