Bitcoin remains below $63k despite positive CPI/PPI data, with subdued ETF inflows and weak trading activity signaling low buyer interest.
Macro & Markets ·
Bitcoin remained below $63,000 despite positive consumer and producer price inflation data, failing to sustain momentum following a brief rally after the jobs report. Spot market trading has grown subdued, with weak inflows into US Bitcoin ETFs and a declining Coinbase Premium Index both pointing to constrained buyer appetite.
The divergence between supportive macroeconomic conditions and muted price action has prompted market observers to identify a critical resistance zone at $68,700. Analysts suggest that a sustainable recovery would require both a material increase in ETF inflows and a pickup in trading volume, neither of which has materialized at present. The persistence of subdued activity despite favorable economic data leaves open whether broader institutional or retail interest will return at current levels or whether additional catalysts will be needed to reignite buying pressure.