IntoTheBlock, a cryptocurrency analysis platform, reports that Bitcoin (BTC) is under further downward pressure after falling below the critical demand zone of $60,000. This could lead to further price declines. However, large BTC holders have been accumulating around this level, indicating buying pressure. BTC's activity has reached its highest since mid-April. As of now, Bitcoin is trading at $57,432, down 4.6% in the past 24 hours.

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