Bitcoin Price Analysis: BTC at $60,323 as Strategy’s Stock Falls Below the Value of Its Own Bitcoin

FAQ

What is the Bitcoin price today?

Bitcoin trades at $60,323 as of June 28, 2026, up 0.1% over 24 hours but down 5.6% on the week, holding just above $60,000 after touching $58,189 on June 26.

Why did Strategy’s stock fall below its Bitcoin holdings?

Strategy’s mNAV, the ratio of its market value to its Bitcoin holdings, dropped below 1.0 for the first time. The premium that let it raise capital to buy more Bitcoin has inverted, impairing its accumulation model, though executives affirm the holdings are safe from forced sales.

What is the key Bitcoin support level?

Immediate support is the recent low of $58,189, with major support at $55,000 and the cycle level at $50,000. The 200-week MA at $62,457 is the key resistance to reclaim.

Why is Bitcoin falling?

Bitcoin is pressured by ETF outflows of $692 million on June 25, with ETF holdings growth stalled to near zero, a leverage flush of over $1.1 billion, and a hawkish Fed. The ETF outflows are the dominant structural factor.

When will Bitcoin bottom?

Some analysts note Strategy’s mNAV near 0.72 mirrors the 2022 transition low, after which a genuine bottom historically formed about six months later. A durable bottom likely requires ETF outflows to reverse.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency is highly volatile. Always do your own research.