NewsBTC •
June 7, 2026 at 11:40 •
Analysis
Bitcoin’s price action in June has been marked by heavy selling pressure, with the leading cryptocurrency suffering one of its sharpest declines of the year. In the first five days of the month, Bitcoin has triggered more than $1.28 billion in long liquidations as prices plunged toward the critical $60,000 region. According to the renowned analyst, Bitcoin’s struggles are part of a broader market-wide risk-off move in the US financial markets. In an X post on June 6, Adler Jr. explained that the Bitcoin market turmoil began following the release of stronger-than-expected US labor market data. The US economy reportedly added 172,000 jobs in May, significantly above forecasts of 88,000. Generally, rising employment is viewed as a positive economic signal. However, with...
