Bitcoin traded near $62,806 on Monday, down 2.11% over the past 24 hours, while Ethereum held around $1,780, XRP near $1.07, Solana at $75.57, and Hyperliquid's HYPE token above $66. The total crypto market capitalization climbed to $2.16 trillion, up 1.72% from the previous day, yet the Fear & Greed Index remained in "fear" territory at 29. The Altcoin Season Index ticked up to 54, and the average RSI eased to 41.6, leaning toward oversold conditions.
The decline was driven by a derivatives washout. Bitcoin slipped from the mid-$64,000s toward $62,800 after a cascade of forced liquidations reset overleveraged positions. The move stayed within the month's broader $59,000–$66,000 range, and the liquidation volume, while elevated, was only about one-sixth of the largest daily wipeouts seen recently. Fidelity noted that Bitcoin is approaching its Power Law support near $58,000, but no bottom has been confirmed.
Amid the flush, spot Bitcoin ETFs posted a notable return of inflows. On Friday, U.S. funds recorded $90.44 million in net inflows, lifting the weekly total to $197.4 million and breaking an eight-week streak of outflows. BlackRock’s IBIT led the day, suggesting sustained spot allocation that could help cushion volatility from leveraged liquidations.
Geopolitical risk added another layer of uncertainty. An escalation between the United States and Iran over the weekend pushed oil prices higher—Brent crude rose 4% to $79—and injected a defensive tone into risk assets, including cryptocurrencies. Trader Daan Crypto described Bitcoin as boxed between $61,000 and $65,000, with macro events and the upcoming CPI print keeping conditions choppy and making directional breaks hard to trust.
