Bitcoin hovered close to $62,850 (about Rs. 60.1 lakh) on Monday, with the crypto space seeking stability after a notable drop caused by ETF outflows and reduced institutional interest. The leading digital asset dropped 13.95 percent over the past day according to current figures. Ethereum stood near $1,660 (around Rs. 1.59 lakh), showing partial gains in the wider market. In India, Bitcoin priced at approximately Rs. 59.7 lakh and Ethereum at Rs. 1.57 lakh per the Gadgets 360 tracker.

Bitcoin moved back toward the $63,000 (roughly Rs. 60.2 lakh) mark after bouncing from recent lows as buyers stepped in at reduced levels. Experts pointed out that ongoing ETF outflows, softer institutional activity, and uncertainty around upcoming US inflation data and Federal Reserve policy choices continue to cap stronger upward moves despite the latest rebound effort.

ETF Flows, Inflation Data Remain Key Market Drivers

Major altcoins showed mixed results on Monday as investors stayed cautious on overall market direction. Binance Coin (BNB) sat around $595.13 (about Rs. 56,900), while Solana (SOL) traded near $65.43 (roughly Rs. 6,260). XRP moved around $1.13 (about Rs. 108), and Dogecoin (DOGE) hovered near $0.085 (roughly Rs. 8.1), suggesting subdued risk appetite across large-cap digital assets.

Explaining the latest market setup, Akshat Siddhant, Lead Quant Analyst at Mudrex, said, “The robust labour market reinforced expectations that the Federal Reserve may keep monetary policy restrictive for longer, leading to weakness across risk assets. However, the sell-off pushed Bitcoin's daily RSI to around 15.5, its most oversold level since the March 2020 market crash. Historically, similar RSI readings in 2020 and February 2026 were followed by rebounds of roughly 50 percent and 30 percent, respectively. If the same trend continues, Bitcoin could target the $80,000 (roughly Rs. 76.5 lakh) zone in the coming weeks.”

Providing a broader assessment of market conditions, Vikram Subburaj, CEO, Giottus.com, said, “The recent correction has coincided with continued outflows from US spot Bitcoin ETFs, reflecting weaker institutional participation. Market participants are awaiting key US inflation data. Investors should avoid making decisions based solely on short-term price movements. ETF flows, inflation data, and Bitcoin's ability to stay above the $61,000-$62,000 (roughly Rs. 58.3 lakh-Rs. 59.3 lakh) support zone will remain key indicators. Together, they may help determine the market's next direction.”

Commenting on current sentiment, the CoinSwitch Markets Desk said, “Over $3 billion (roughly Rs. 28,683 crore) has exited US spot Bitcoin ETFs in recent weeks, while investors have increasingly rotated capital into AI-related stocks and upcoming tech IPOs. Ethereum remains under pressure below $2,000 (roughly Rs. 1.91 lakh), and most major altcoins are struggling to attract fresh buying interest. Despite the price decline, on-chain data suggests long-term holders are not panic-selling, which is a positive sign for market stability.”

Overall, analysts said the crypto market is attempting to stabilise after recent selling pressure, but ETF outflows, softer institutional demand, and uncertainty around upcoming US inflation data continue to keep investors cautious. Bitcoin's ability to hold above the $60,000-$62,000 (roughly Rs. 57.4 lakh-Rs. 59.3 lakh) support range and reclaim the $65,000-$66,000 (roughly Rs. 62.1 lakh-Rs. 63.1 lakh) zone will remain key to improving near-term market sentiment.

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