Analysts: Bitcoin tests key support at $62,000; $54,000 may be the final line of defense in this round.

CoinFeed reported on June 6th that CryptoQuant analyst Axel Adler Jr. stated that Bitcoin is retesting the February low of around $62,000, and the current 7-day net realized loss has reached approximately $7 billion, higher than the level at the February low, but still lower than the peak loss of approximately $14 billion during the winter market panic. Currently, the BTC price has clearly fallen below the short-term holder (STH) cost price of approximately $76,000, and the market is attempting to break below the February low.