Bitcoin BCMI Slips to Low 0.2 Range as Price Tests $60K–$62K Support

Bitcoin is under renewed selling pressure, with its Combined Market Index (BCMI) falling into the low 0.2 range, according to CryptoQuant. Price recently lost the $70,000 level and is trading in the mid‑$60,000s, while the $60,000–$62,000 band is highlighted as a critical support area. Current BCMI readings remain above prior cycle bottoms near 0.10–0.15.