Bitcoin is testing the $63,000 level, down 1.7% on the day and 50% below its October record, due to broad risk aversion in markets and persistent selling from long-term holders realizing losses. While ETF inflows show a marginal recovery, they are not yet enough to stabilize the price.
Foreign Portfolio Investors (FPIs) withdrew Rs 49,340 crore from Indian equities in June, pushing total outflows for 2026 to Rs 2.7 lakh crore. This was driven by global risk aversion, US yields, and valuation concerns, though a US-Iran peace deal later eased selling. FPIs, however, invested in Indian debt.
US-listed Bitcoin ETFs experienced their largest weekly capital flight since January, with investors withdrawing $1 billion. Rising inflation concerns and uncertainty over the Federal Reserve's monetary policy are cited as key catalysts for this institutional risk aversion.
