NewsBite analysis · Blockchain, Business, FinTech, Regulationeuronews

Bitcoin falls to $61,000, down more than 25% as long-term holders sell

Bitcoin's price slipped toward $61,000, its weakest level since February, as it extended a monthly drop of more than 25% and a yearly decline. The move was amplified by aggressive selling from long-term holders—defined as holders whose coins haven't moved in at least 155 days—who reportedly unloaded roughly $2.4 billion in the first days of June, including some from investors who bought above $90,000. The downturn fed into a surge in derivatives activity, with the 30-day BVIV volatility index rising to 57.4, its highest since April, and US-listed spot Bitcoin ETFs posting a 13th straight day of outflows around $50 million. The story sits against a regulatory backdrop as the Digital Asset Market Clarity Act (CLARITY Act) clears a Senate committee but faces reconciliation and scheduling hurdles that could delay a final path to a market structure. Industry voices have clashed over stablecoin regulation, while lawmakers like Cynthia Lummis have expressed optimism about progress toward a functional framework. The net effect is a crypto-macro environment characterized by price pressure, hedging activity, regulatory tension, and an ongoing debate over how digital assets should be regulated in the United States.