Bitcoin is trading around $61,000 during what analysts are calling its worst stretch of 2026, with multiple headwinds converging to suppress price recovery. Sustained outflows from spot Bitcoin ETFs signal waning institutional appetite, while persistent inflation concerns have reduced expectations for near-term Federal Reserve rate cuts. Geopolitical tensions and the growing influence of AI-driven capital allocation are adding further uncertainty to crypto markets. The combination of macro pressure and weakening demand has pushed Bitcoin close to cycle lows, prompting debate among traders and analysts over whether a bottom has been established. Some market participants see current levels as a potential accumulation zone, while others warn that unresolved macro conditions could push prices lower before any sustained rebound materialises.
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