BEARISH 📉 : Bitcoin suffers worst week since FTX on institutional selling, ETF weakness
Bitcoin posts worst week since FTX, down ~20%
Bitcoin fell nearly 20% in the week of June 5, 2026. It’s the steepest weekly drop since the FTX collapse in 2022. Source.
Pressure came from large sellers and soft ETF demand. The slide followed a failed push above $82,000. Analysis and flows.
Key prints:
- Week opened near $73,760 and spiked to $74,092 data.
- Low hit about $59,130 data.
- Drop was about 19.5% from open to low and 20.1% from high to low context.
- Worst weekly fall since 2022, when a single week fell roughly 22% comparison.
The move comes after months of drawdown from the October 2025 peak above $126,000. The market is still well below that high. Background.
Undervaluation flags lit up. BTC’s position on the Porkopolis Power Law model dropped below the 4% quantile, near 3.9%. In 2015, 2018–2019, and 2022, similar readings preceded multi‑year recoveries. Model chart.
Risks remain. Prolonged weakness and forced selling can extend undervaluation. Some forecasts still see a bear market into at least Q4 2026. Outlook.