Bitcoin Price Under Pressure as Institutional Selling Continues

Bitcoin's price has been under pressure as it approaches the end of June. The current price is at $59,894.86, down 0.3% today with a significant increase in trading volume.

The month of June has been particularly rough for Bitcoin, dropping by 18.5%, one of its worst performances in years. This decline has led to investors shifting their money into traditional risk assets, as seen in the climbing Russell 2000.

Analysts believe that this rotation could eventually benefit crypto once profits begin flowing back into Bitcoin, but for now, institutional selling, heavy ETF outflows, and a weakening technical structure continue to keep the price under pressure.