Bitcoin Loses $63,000 As Miner Capitulation Extends, Yet Expert Sees Hope at $60,000

Bitcoin has slipped beneath the $63,000 stage, extending its month-to-month decline to almost 30%. The drop displays greater than short-term volatility. It exhibits deeper structural weak point constructing throughout the community and institutional flows.

This weak point is showing at the same time as Bitcoin enters its longest miner capitulation section, year-on-year. At the identical time, institutional demand by way of ETFs continues to deteriorate. Together, these forces at the moment are pushing Bitcoin towards one in all its most necessary assist zones this cycle.

Bearish Pattern And Miner Income Collapse Explain Weakness

Bitcoin’s price structure has began to interrupt down on the 8-hour chart. A head-and-shoulders sample has fashioned, and the neckline of this sample now sits close to the $60,000 zone, making this stage an important short-term assist.

Want extra token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

This technical weak point comes as miners proceed promoting aggressively. Glassnode knowledge exhibits the miner internet place change metric has remained detrimental constantly from January 9 by way of February 23. This 46-day stretch marks the longest uninterrupted miner capitulation section within the year-on-year timeframe. The peak of this stretch was seen on February 6, two days after the BTC price bottomed around $60,400.

Miner capitulation occurs when miners promote extra Bitcoin than they accumulate. This normally displays monetary stress relatively than profit-taking.

BeInCrypto’s unique Dune dashboard helps clarify the explanation behind this shift. Bitcoin community income, which tracks transaction charges earned by miners, has collapsed sharply over the previous yr. Monthly charges fell from 194 BTC in May 2025 to simply 65 BTC by February 2026. This represents a virtually two-thirds drop in miner earnings.

With earnings falling and BTC correcting, miners have fewer incentives to carry Bitcoin. Instead, they’re compelled to promote reserves, rising provide out there. This sustained promoting stress has weakened Bitcoin’s construction. But miners should not the one group stepping away.

Institutional demand has additionally began to deteriorate, elevating new dangers across the vital $60,000 assist zone.

ETF Outflows And Realized Price Align With Bitget CEO’s Warning About Critical Support

Institutional demand by way of Bitcoin ETFs has weakened considerably in latest weeks. Bitcoin has now recorded six consecutive weeks of ETF outflows. This marks the longest sustained weekly exit interval since spot Bitcoin ETFs launched.

These outflows sign that enormous traders are lowering publicity as a substitute of accumulating.

Gracy Chen, CEO of Bitget, straight addressed this fragile setup yesterday, proper earlier than BTC lost $63,000. She mentioned:

“Today, Bitcoin is buying and selling within the $64,000–$66,000 zone, and we imagine macro components are doing a lot of the work. Selling stress continues to be tangible and heavy, so the asset has grow to be extremely delicate to headlines, and up to date turbulence round tariffs has put much more stress on threat sentiment,” she mentioned.

She additionally recognized an important stage now:

“On the technical facet, we expect $60,000 stays the important thing assist stage to this point, whereas a transfer decrease, brought on by a big macro occasion, or accelerating ETF outflows may drag the asset right down to $50,000. Liquidity there’s deep, and assist is substantial, so we’d anticipate a bounce from both stage and a renewed try larger,” she added.

Her assertion highlights how carefully ETF flows and macro stress at the moment are tied to Bitcoin’s construction. This threat turns into clearer when put next with Bitcoin’s realized value.

Realized value at the moment sits close to $54,700. This stage represents the common price foundation of all Bitcoin in circulation. Historically, Bitcoin tends to stabilize close to this stage as a result of it displays the market’s mixture holding price.

If ETF demand continues weakening and Bitcoin loses $60,000, the realized value may grow to be the following main assist zone. This makes the present BTC value area particularly vital.

Bitcoin Price Levels Show Why The $60,000 Zone Is The Key

Bitcoin’s recent price action confirms the importance of the $60,000 zone, already highlighted by the Bitget CEO. This stage beforehand served as assist on February 6, across the time when miner capitulation reached its present cycle peak. The identical stage now aligns with a key Fibonacci retracement zone close to $60,100.

This convergence makes the world each psychologically and technically necessary. If Bitcoin manages to carry above this zone, it may stabilize and try restoration.

However, a confirmed break beneath $60,000 would affirm the head-and-shoulders breakdown. Based on the sample’s construction and technical retracement ranges, this might set off a decline towards $54,800. This stage aligns virtually precisely with Bitcoin’s realized value.

Gracy Chen’s warning reinforces why this zone issues. Her view that $60,000 stays key assist, with deeper draw back attainable if ETF outflows proceed, aligns carefully with Bitcoin’s present technical construction. For now, Bitcoin stands at a decisive level.

Some power returns if the BTC value recovers and reclaims the essential resistance at $63,300, adopted by $65,400. However, full bearish construction invalidation stays out of bounds for now.

Miner capitulation continues to extend provide, whereas ETF outflows sign weakening institutional demand. Until these pressures ease, the $60,000 stage stays the road separating stabilization from a deeper correction.

The submit Bitcoin Loses $63,000 As Miner Capitulation Extends, Yet Expert Sees Hope at $60,000 appeared first on BeInCrypto.