Bitcoin ended the first half of 2026 near $60,000, down roughly 32% since January, according to Binance Research. The asset has lost more than 50% from its October 2025 record high near $126,000, spending 275 days below that peak. Of the 20.05 million BTC in circulation, 10.83 million were in unrealized loss versus 9.22 million profitable, marking the first loss-over-profit crossover in the current cycle. U.S. spot Bitcoin ETFs recorded $5.4 billion in net outflows during the period. Binance Research attributed the weakness mainly to restrictive macroeconomic conditions, including an 80% probability of another Federal Reserve rate increase before December and core PCE inflation rising to 3.4%.
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