Bitcoin Falls Below $63,000 as Analysts Warn of Potential Drop to $53,000–$55,000

Bitcoin traded below $63,000 on May 15, down more than 5% on the day, as analysts warned the market could see a "massive flush" toward the $53,000–$55,000 range amid rising capital outflows. Spot Bitcoin ETF holdings have fallen by roughly 100,000 BTC from their October peak. Analysts identify $60,000 as the key support level for bulls, with the mid-$50,000 range as the next area to watch if that threshold breaks.