Bitcoin could fall to about $23,980 in a severe U.S. stock market sell-off, analyst says
first published 2026-06-21T14:21:06Z
Technical analyst Jesse Olson says Bitcoin could drop to around $23,980 if U.S. stocks decline by more than 50%. He points to a negative Coinbase Premium Index and continued outflows from U.S. spot Bitcoin ETFs as signs of weaker institutional demand.
AI Analysis
The summary describes a bearish scenario for Bitcoin tied to a severe macro sell-off, negative Coinbase Premium Index readings, and ongoing spot ETF outflows, all of which point to weaker demand.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
Source Articles
- Bitcoin price may hit $24K if US stock market crashes by 50%, analyst warns - Cointelegraph
- Could Bitcoin Become the World's Reserve Digital Currency? - Yahoo Finance
- Bitcoin Faces Institutional Demand Shortfall as Coinbase-Binance Gap Flashes Warning - Bitcoin.com
- Secret Network bridge exploited for $4.7M with ‘infinite mint’ bug - Cointelegraph
- 3 Top Crypto to Buy Now: Bhutan Sends $34.5M in Bitcoin to Binance While SOL Holds and Pepeto Crosses $10M Before Listing - Coinpedia
