Bitcoin briefly fell below $59,000 and near $58,000 before recovering, as ETF outflows, trader liquidations and a tech-driven sell-off in Asian stock markets weighed on sentiment and broader risk appetite. CF Benchmarks said buyers have consistently emerged in the $50,000 to $60,000 range, but traders are watching whether Bitcoin can reclaim and hold $60,000 or whether that level risks turning from support into resistance amid continued market weakness.