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Bitcoin holds around $62,600 after Monday’s slide as South Korea pivots

Bitcoin consolidated after dropping from $64,400 to $61,800, while Upbit volume in South Korea jumped 1,426% as investors rotated from equities back to crypto.

Reported · Written up by our desk · Market Structure

Bitcoin was steady around $62,600 after a Monday selloff, following a move lower from $64,400 to $61,800 over 24 hours, according to CoinDesk. The outlet said $283 million in liquidations occurred in that period, with liquidations skewed 74-26 toward long positions.

CoinDesk also pointed to derivatives cooling, with the put/call ratio easing from 64/36 to 58/42 and the one-week delta skew compressing to 15% from 26% a week earlier. It added that DVOL stood at 37.43 near multi-year lows, a sign of a calmer options environment.

Beyond crypto-specific flows, CoinDesk linked the stabilization to cross-asset and regional factors. It said South Korea’s KOSPI has fallen 10% since Friday, helping drive a sharp rise in Upbit trading volume, which jumped 1,426% as Korean investors rotated back into digital assets.

CoinDesk reported that ether was trading in a tighter range of roughly $1,770 to $1,790, while ETH-pair trading volume increased 2.2% to $8.95 billion over 24 hours. In broader markets, it noted U.S. equity futures were mixed and gold continued sliding, tied to uncertainty after President Donald Trump said Iran would face “very heavy” strikes on Tuesday.

Latest closeGold $4,011.00 ▼2.3%|Bitcoin $62,782.94 ▲0.9%|Ethereum $1,797.10 ▲1.3%

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