{"id":30686,"date":"2026-06-04T06:15:23","date_gmt":"2026-06-04T06:15:23","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-slides-below-63k-as-iran-tensions-shake-crypto-markets\/"},"modified":"2026-06-04T06:15:32","modified_gmt":"2026-06-04T06:15:32","slug":"bitcoin-price-slides-below-63k-as-iran-tensions-shake-crypto-markets","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-slides-below-63k-as-iran-tensions-shake-crypto-markets\/","title":{"rendered":"Bitcoin price slides below $63K as Iran tensions shake crypto markets"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin fell below $63,000 on Thursday as the selloff in the crypto market deepened.\u00a0<\/p>\n<div id=\"cn-block-summary-block_0dd68bf3cd54446b87fd742ce737149b\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin dropped below $63,000 as sellers broke the May range and liquidations crossed $1.1 billion.<\/li>\n<li>Analysts now watch $60,000, $55,000 and $50,000 as pressure builds across Bitcoin derivatives markets.<\/li>\n<li>RSI and MACD readings show Bitcoin is deeply oversold, but bearish momentum remains active.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The move pushed BTC to its weakest level since February and extended a sharp decline from its May range.<\/p>\n<p>The drop came as renewed U.S.-Iran tensions weighed on wider risk markets. The Kobeissi Letter said Bitcoin had lost about $400 billion in market value since May 11, while more than $1.6 billion in leveraged crypto positions were liquidated in 24 hours.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: Bitcoin falls below $64,000.<\/p>\n<p>Bitcoin has now lost -$400 billion in market cap since May 11th. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/5K3sAvFVPB\">pic.twitter.com\/5K3sAvFVPB<\/a><\/p>\n<p>\u2014 The Kobeissi Letter (@KobeissiLetter) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/KobeissiLetter\/status\/2062331177571061999?ref_src=twsrc%5Etfw\">June 4, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Bitcoin price breaks below key May range<\/strong><\/h2>\n<p>Bitcoin had already lost the $72,000 and $68,000 areas before the latest break. The fall below $64,000 and then $63,000 showed that sellers remained in control of the short-term trend.<\/p>\n<p>The price is now trading near the $60,000 to $64,000 psychological zone. This area matters because it sits close to previous demand and could decide whether BTC stabilizes or extends losses toward deeper support.<\/p>\n<p>According to crypto.news market data, Bitcoin traded near $63,753 at press time, down almost 5%, with a 24-hour low around $61,557. The broader drop followed a week of heavy selling that erased about 16% from Bitcoin.<\/p>\n<p>The latest candles showed strong downside pressure. Buyers have not yet built a clear recovery base, and Bitcoin would need to reclaim higher levels before the short-term structure improves.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Liquidations deepen market stress<\/strong><\/h2>\n<p>Derivatives markets added more pressure to the spot decline. More than $1.6 billion in leveraged crypto positions were liquidated over 24 hours, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/liquidations\" target=\"_blank\" rel=\"nofollow\">according<\/a> to Coinglass data.<\/p>\n<p>Liquidations happen when exchanges force traders out of leveraged positions because their collateral no longer covers the trade. In a falling market, this can push prices lower because forced selling adds to normal spot selling.<\/p>\n<p>The leverage wipeout followed a broader shift in sentiment. Risk assets came under pressure as the U.S. and Iran exchanged fresh strikes and ceasefire talks stalled.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Analysts watch $60K, $55K and $50K<\/strong><\/h2>\n<p>Analyst Captain Faibik said Bitcoin was sitting above a major eight-year trendline. \u201cIf Bulls defend this level and build a base, we could be witnessing the early stages of another mega bull run,\u201d he wrote.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> is sitting right above its major 8-yr trendline..!!<\/p>\n<p>If Bulls defend this level and build a base, we could be witnessing the early stages of another mega bull run..<\/p>\n<p>Bitcoin could briefly sweep liquidity around 54-55k, shake out weak hands &amp; then Reverse into a massive\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/x3Xr0tt2Is\">pic.twitter.com\/x3Xr0tt2Is<\/a><\/p>\n<p>\u2014 Captain Faibik \ud83d\udc3a (@CryptoFaibik) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/CryptoFaibik\/status\/2062400352532758719?ref_src=twsrc%5Etfw\">June 4, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>He also warned that BTC could briefly sweep liquidity around $54,000 to $55,000 before any stronger recovery. That view places the next few weeks as a key period for Bitcoin\u2019s long-term direction.<\/p>\n<p>Ali Charts <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/alicharts\/status\/2062383591913291997?s=20\" target=\"_blank\" rel=\"nofollow\">said<\/a> the breakdown below $72,000 placed Bitcoin in a vulnerable position. Based on MVRV pricing bands, he said the next major support area sits between $54,000 and $50,000.<\/p>\n<p>CryptoQuant founder Ki Young Ju also pointed to unusual sell pressure. He said Bitcoin investors\u2019 average cost basis sits around $53,000 and argued that the current distribution phase feels like a large change of hands.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This distribution phase feels like a massive change of hands.<\/p>\n<p>Bitcoin investors&#8217; average cost basis is around $53K.<\/p>\n<p>Historically, bear markets ended only after the price fell below the realized price. I thought that level would be hard to revisit, given institutional inflows\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/m678rL6ztl\">pic.twitter.com\/m678rL6ztl<\/a><\/p>\n<p>\u2014 Ki Young Ju (@ki_young_ju) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/ki_young_ju\/status\/2062373468243681371?ref_src=twsrc%5Etfw\">June 4, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\"><strong>Technical indicators remain weak<\/strong><\/h2>\n<p>Bitcoin\u2019s RSI stood at 18.69, placing BTC deep in oversold territory. That shows selling momentum has become extreme, but it does not confirm a reversal by itself.<\/p>\n<p>A stronger recovery signal would require RSI to move back above 30. A later reclaim of the 50 area would show buyers are gaining more control of momentum.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Bitcoin (BTC) price chart, source: crypto.news<\/figcaption><\/figure>\n<p>The RSI moving average sat at 35.57, far above the current RSI reading. That gap confirms the speed of the selloff and shows that buyers have not yet closed the momentum difference.<\/p>\n<p>MACD also remained bearish. The MACD line sat near -2,917.77, below the signal line near -1,584.86, while the histogram was negative at about -1,332.92.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Binance volume data confirms selling pressure<\/strong><\/h2>\n<p>Arab Chain <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/quicktake\/6a21045cae348e5baf3fc2d0-Bitcoin-Selling-Pressure-Intensifies-as-Binance-CVD-Score-Reaches-a-4-Month-High\" target=\"_blank\" rel=\"nofollow\">said<\/a> Binance CVD Confirmation Score reached about 0.80, its highest level in four months. The reading came as Bitcoin traded around the mid-$60,000 area during the decline.<\/p>\n<p>CVD, or cumulative volume delta, tracks the balance between buying and selling activity. A high reading during a price drop suggests that selling pressure is backed by actual trading volume.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/06\/1780553723_652_Bitcoin-price-slides-below-63K-as-Iran-tensions-shake-crypto.webp.webp\" alt=\"Binance CVD Confirmation Score, source: Arab Chain\/CryptoQuant\" class=\"wp-image-14464845\"  ><figcaption class=\"wp-element-caption\">Binance CVD Confirmation Score, source: Arab Chain\/CryptoQuant<\/figcaption><\/figure>\n<p>That matters because it reduces the chance that the latest move came only from thin liquidity. Instead, the data points to active seller participation during the breakdown.<\/p>\n<p>For now, Bitcoin remains oversold but technically bearish. A move back above $64,000 and then $68,700 could ease pressure, while a clean break below $60,000 may turn focus toward $55,000 and $50,000.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin fell below $63,000 on Thursday as the selloff in the crypto market deepened.\u00a0 Summary Bitcoin dropped below $63,000 as sellers broke the May range and liquidations crossed $1.1 billion.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":21224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=30686"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30686\/revisions"}],"predecessor-version":[{"id":30687,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30686\/revisions\/30687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/21224"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=30686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=30686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=30686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}