Bitcoin nearly loses $59K as DXY surges: Are traders bracing for more pain?

Bitcoin drops toward new 2026 lows as spot BTC ETF outflows and slowing accumulation from Strategy weigh on market sentiment.

Key takeaways:

Cooling oil prices and a multi-month high for the US dollar are keeping intense pressure on non yield-bearing assets.

Spot Bitcoin ETF outflows paired with Strategy's slowest buying pace in 18 months signal short-term downside risks.

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