'Bitcoin Is Not Dead': Veteran Trader Bob Loukas Reacts to Crypto Collapse With Bear Market Call

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Well-known analyst Bob Loukas urged investors to remain calm amid Bitcoin's decline to $59,307 and the liquidation of $1.49 billion in margin positions. The veteran trader emphasized that the industry remains viable, but the market must finally get rid of the illusion of quick profits promoted on social media. Advertisement In his view, the current wave of selling is a natural final cleanup within the 4-year cyclical model. The main blow from this storm fell on buyers who opened trades with leverage. All the Bitcoin and Crypto FUD flooding the timeline is perfectly normal at this stage of a bear market. Bitcoin isn't dead. Crypto isn't dead either. What's far more likely dead is the future version of crypto you've been sold on social media. HOT Stories Scam Alert: Gnosis X Account Compromised, Do Not Press Any Links Bitcoin Is 'Over,' Google's Ex-Tech Lead Says — Bob Loukas 🗽 (@BobLoukas) June 25, 2026 According to CoinGlass data, over the past 24 hours, exchanges automatically liquidated Bitcoin long positions held by 212,686 participants for a total of $1.19 billion. The densest flow of liquidations occurred over the past four hours, wiping out another $327.56 million in positions. Advertisement $1.49 billion crypto liquidation putting pressure on Strategy Many experts directly link Bitcoin's decline to the worsening situation around Strategy , whose stock, MSTR, moved lower, while the STRC instrument fell to $75 against a par value of $100. Michael Saylor's company, with its debt burden and 847,363 BTC on its balance sheet, may have become an attractive target for short-selling funds trying to push the price down. Strategy (MSTR) stock price action, Source: TradingView This decline has made it harder for the company to raise new capital on the same terms. CryptoQuant analysts have already recommended that Strategy temporarily pause new Bitcoin purchases in order to restore the balance of its cash reserves. You Might Also Like Thu, 06/25/2026 - 14:05 BlackRock Extends Bitcoin and Ethereum Sale for $217 Million By Caroline Amosun Advertisement Despite the local infrastructure stress, Loukas believes that Bitcoin has already entered the time window for forming a long-term bottom. Historically, the cleansing of excessive margin positions has preceded a trend reversal. However, according to the analyst, counting on a quick price recovery would be premature. To fully complete the bearish phase, the market will need another 3 to 5 months of sideways trading, while the beginning of a new cycle is expected closer to the autumn of 2026. #Bitcoin #Bitcoin News