Bitcoin Slumps to $64,000 on Institutional Selling Pressure
The cryptocurrency market is showing mixed sentiment as Bitcoin (BTC) drops to $64,000 under institutional selling pressure. According to FXStreet, MARA Holdings sold off 23,093 Bitcoin for $1.627 billion in H1 2026 and Strategy offloaded 1,690 BTC last week for $108.6 million. This bearish close is linked to the recent sell-off by these institutions.
The Fear and Greed Index has dropped to 37 from 40 the previous day, signaling renewed bearish pressure. Meanwhile, Curve DAO (CRV) and Internet Computer (ICP) continue to extend their gains so far this week, emerging as top performers over the last 24 hours.
Technical analysis suggests that Bitcoin risks losing $64,000 if it breaks below the 50-day Exponential Moving Average at 64,631. A clear daily close below $63,535 would likely open the way to a deeper corrective leg, potentially targeting the $60,000 psychological threshold.