Bitcoin Slips Toward $62,000 Support as CryptoQuant Data Flags Demand Drop

Bitcoin is pressing the $62,000 support area as sellers keep control and bulls defend a level tied to the prior cycle’s structural base. The report argues the correction is primarily a demand issue: US spot Bitcoin ETF flows turned negative, the Coinbase Premium stayed below zero, and Realized Cap fell from about $1.12 trillion to $1.08 trillion. It also notes more than $150 million in leveraged longs were liquidated between June 3 and June 4, while BTC trades around $62,500 after briefly dipping near $61,000.