Bitcoin Falls to $62,600 as ETF Inflows Rise and Long-Term Holders Stay Resilient

BTC drops to $62,600 with weak spot demand but rising ETF inflows and on-chain activity. Long-term holders remain steadfast despite defensive derivative positioning.

Woofun AI reports that Bitcoin recently declined to approximately $62,600, failing to sustain a rebound above $66,000. The spot market exhibits weakening momentum due to sustained net selling pressure and reduced trading activity, keeping the asset in a consolidation phase. In derivatives, open interest decreased while perpetual funding rates rose; options markets show increased demand for downside protection via a widening 25 Delta skew.

On-chain metrics indicate significant network growth, with daily active addresses and entity-adjusted transfer volumes exceeding their upper range bounds. ETF net inflows and trading volume have improved, reflecting institutional reallocation. The ratio of short-term to long-term holders remains near historical lows, signaling strong conviction among long-term investors, even as overall market profitability approaches cyclical lows.