Bob Loukas, a renowned analyst, urged investors to remain calm following Bitcoin’s drop toward $59,307. This move triggered the automatic liquidation of $1.49 billion in margin positions, primarily affecting traders operating with high leverage. Loukas emphasized that the ecosystem remains viable, but that the market needs to shed the illusion of quick profits promoted on social media.
All the Bitcoin and Crypto FUD flooding the timeline is perfectly normal at this stage of a bear market.
Bitcoin isn't dead. Crypto isn't dead either.
What's far more likely dead is the future version of crypto you've been sold on social media.
— Bob Loukas 🗽 (@BobLoukas) June 25, 2026
The massive selling pressure was closely linked to the financial stress of Strategy, whose shares and bonds suffered declines that attracted short-selling funds. Data from CoinGlass reveals that over 212,000 traders saw their long positions evaporate. Despite the strain on infrastructure, analysts consider this process to be a necessary cyclical cleanup to eliminate excess leverage before consolidating a long-term floor.
The next step for the market will require patience. Loukas estimates that Bitcoin will experience 3 to 5 months of sideways trading before completing its bearish phase, projecting the start of a new bullish cycle toward the autumn of 2026.
Source: https://x.com/BobLoukas/status/2070157766312780061
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