Bitcoin Tumbles 2.4% to $61,080 as Over 8M BTC Sit Underwater

BTC2.92%
ETH3.37%
According to Glassnode, over 8 million Bitcoin sit underwater as the cryptocurrency tumbles 2.4% in 24 hours to around $61,080 on Tuesday. Bitcoin has declined 31% year-to-date in 2026, with similar losses affecting Ethereum, which is down 46%. Sentiment remains bearish, with Myriad prediction market users assigning Bitcoin's next move to $55,000 a 75% probability, up from 61% on June 1.
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