Bitcoin price steadied near $60,000 on June 29, 2026, rising 0.6% to $59,800 after a two‑week decline, while analysts indicated that additional downside could follow. The cryptocurrency fell below $60,000 earlier in the month, erasing more than half of its value from an October record high. Volatility indexes showed a brief pause as the 30‑day implied volatility (BVIV) slipped to 47%, ending a two‑week increase. Derivatives data showed that over $200 million in futures positions were liquidated in the previous 24 hours, with long positions accounting for most of the total. In the subsequent four hours, $13 million in short contracts were closed, suggesting that traders were reacting to a brief bounce toward $60,000. Open interest for Bitcoin futures returned to early‑month levels, declining from a peak of 775,000 BTC on Friday. Ether open interest remained steady at roughly 14.2 million ETH. Solana’s open interest stood at 72.7 million SOL, just below the record of 76 million set on June 24, while its price gained more than 13 % since Thursday. Other altcoins showed limited movement, with the CoinMarketCap Altcoin Season index holding at 49/100. Privacy coins Dash and Zcash rose about 2 % after declines of 18‑30 % in the prior two weeks. The $60,000 put option on Deribit had nearly $1 billion of notional open interest, compared with about $1.11 billion for the $80,000 call, and the next sizable cluster is near $50,000 with $712 million of open interest. The market remains uncertain as traders await Bitcoin’s next directional move, which will influence the outlook for altcoins and derivative positions in the coming weeks.