After closing May with a bearish outlook, Bitcoin (BTC) price could potentially crash below $60,000 in June 2026.
Amid a low spot and derivatives demand for Bitcoin over the past few days, as Finbold reported, prediction market traders are forecasting a further sell-off in BTC price. As of press time, there is an 18% chance that BTC price could crash to $57,500 in 28 days, according to data from Polymarket, as analyzed by Finbold on June 3.
Additionally, there is a 12% and 7% likelihood that BTC price may capitulate to $55,000 and $52,000, respectively, in June. However, there is a 77% chance, up 44% over the past 24 hours, that BTC price could find strong support around $65,000 this month.
Additionally, Polymarket traders increased their bets by 35% overnight to 54% that Bitcoin price could reach $62,500 in June. Meanwhile, the odds that the flagship coin rebounds to $70,000 in June surged 19% over the past 24 hours to 69% at the time of reporting.
Why is Bitcoin price likely to crash below $60,000 in June?
Bitcoin price is likely to crash below $60,000 in June, amid heightened selling pressure following several rejections at $82,000 last month. Notably, BTC price has dropped by over 16% in the past 30 days, trading at approximately $66,910 at the time of publication.
Additionally, Bitcoin price faces the risk of capitulation below $60,000 in June amid divergent whale and retail sentiment. Precisely, Bitcoin whales, addresses holding 10 and 10,000 BTCs, dumped 24,602 coins in seven days, while micro traders, wallets with 0.01 BTCs, added 61 units over the same period, based on metrics from Santiment. Historically, Bitcoin price has faced bearish sentiment when whales dump and retail traders accumulate.
As such, if whales continue to liquidate their BTCs amid retail accumulation, a potential crash below $60,000 could be validated, and vice versa.
