{"id":30418,"date":"2026-06-24T17:48:17","date_gmt":"2026-06-24T16:48:17","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/06\/24\/bitcoin-530m-demand-zone-60500-65000\/"},"modified":"2026-06-24T17:48:21","modified_gmt":"2026-06-24T16:48:21","slug":"bitcoin-530m-demand-zone-60500-65000","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-530m-demand-zone-60500-65000\/","title":{"rendered":"Bitcoin Drops Toward $60,000: A Massive $530M Demand Zone Awaits the Bulls"},"content":{"rendered":"\n

Bitcoin<\/strong> is undergoing a sharp correction and closing in on a level traders are watching closely: the $60,000 to $65,000 zone<\/strong>. Right at this level, a $530 million buy wall<\/strong> has formed, creating a rare confluence between liquidity and a key technical support zone<\/strong>.<\/p>\n\n\n\n

This setup is drawing in both bulls<\/strong> looking for an entry point and bears<\/strong> looking to liquidate long positions. The next major move for BTC<\/strong> could be decided within this critical range.<\/p>\n\n\n\n

So, is this just a technical bounce or a genuine trend reversal<\/strong>? Here is what on-chain data and technical analysis reveal.<\/p>\n\n\n\n

A $530M Buy Wall: The $60,500 \u2013 $65,000 Zone in the Spotlight<\/h2>\n\n\n\n

According to data from CoinGlass<\/strong>, a concentration of $525 to $530 million<\/strong> in buy orders has accumulated between $60,500<\/strong> and $65,000<\/strong>. This type of buy wall<\/strong> represents significant liquidity capable of absorbing selling pressure and triggering a technical bounce if price reaches this zone.<\/p>\n\n\n\n

This zone also coincides with a major liquidation level<\/strong>. In other words, a drop toward these levels would trigger a cascade of liquidations on leveraged long positions, which could paradoxically fuel a violent bounce \u2014 with market makers buying back liquidated positions at heavily discounted prices. This phenomenon, well known to experienced traders, is often behind the most brutal short squeezes<\/em> seen in the crypto market.<\/p>\n\n\n\n

\"Bitcoin<\/figure>\n\n\n\n

From a price action<\/strong> perspective, the $60,000 \u2013 $65,000 zone corresponds to a previous consolidation range<\/strong> observed in spring 2024, before Bitcoin<\/a> broke out to new all-time highs. This level has historically acted as structural support<\/strong>, which reinforces its significance in the current context.<\/p>\n\n\n\n

Market Sentiment: Between Capitulation and Accumulation Opportunity<\/h2>\n\n\n\n

The Fear & Greed Index from CoinMarketCap<\/strong><\/strong> is currently reading close to the Fear<\/em> zone, signaling a deterioration in overall market sentiment. Historically, these phases of extreme pessimism often precede periods of institutional accumulation<\/strong> \u2014 smart money taking advantage of retail panic to build positions at attractive prices.<\/p>\n\n\n\n

CryptoQuant<\/strong> data also shows an increase in BTC outflows from centralized exchanges<\/strong>, which can be interpreted as an accumulation signal: investors are withdrawing their coins to hold them in self-custody<\/strong> rather than selling. This behavior is generally associated with medium-term bullish conviction.<\/p>\n\n\n\n

That said, volatility remains elevated and the market stays sensitive to macro catalysts: Fed<\/strong> decisions, US inflation data, and flows into spot Bitcoin ETFs<\/a><\/strong> in the United States continue to weigh on BTC’s short-term direction. A shift in any of these factors could quickly invalidate the bullish scenario.<\/p>\n\n\n\n

Technical Scenarios: Bounce or Breakdown Below $60,000?<\/h2>\n\n\n\n

Two scenarios are currently playing out on the charts. In the bullish scenario<\/strong>, Bitcoin<\/strong> tests the $60,500 \u2013 $65,000 zone, absorbs the available liquidity, and initiates a bounce toward $68,000 \u2013 $70,000<\/strong>. This move would be confirmed by sustained buying volume<\/strong> and a return of positive sentiment across derivatives markets.<\/p>\n\n\n\n

In the bearish scenario<\/strong>, selling pressure overwhelms the $530M buy wall. A daily close below $60,000<\/strong> would open the door toward $55,000 \u2013 $57,000<\/strong>, a zone corresponding to the next structural support<\/strong> identified on TradingView<\/strong> data. This level would represent a correction of around 20% from recent highs.<\/p>\n\n\n\n

Short-term traders are closely monitoring the Long\/Short ratio on major derivatives platforms<\/a>: a marked imbalance in favor of longs within this support zone could signal a risk of cascading liquidations<\/strong> rather than a healthy bounce. Caution is therefore warranted before taking any directional position.<\/p>\n\n\n\n

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