Bitcoin Price Drops Below $63,000 Amid Fading Investor Sentiment

Bitcoin's price has fallen below $63,000 after opening the week at 1.8% lower than its previous close.

This dip comes as investors debate whether a bottom has been reached in this bear market.

I'm leaning towards 'no', but what does that mean for Bitcoin's future?

Let's dive into today's news to find out.

U.S. spot Bitcoin ETFs have seen an influx of $197 million in net inflows over the past week, snapping an eight-week streak of consecutive outflows.

However, this positive development comes with a caveat: during the prior eight weeks, investors removed roughly $8.26 billion from these funds.

The recouped amount is merely 2.4% of those losses, indicating that more work needs to be done to shift sentiment in favor of Bitcoin.

Grayscale's GBTC lost around $108.2 million, while Fidelity's FBTC shed approximately $93.4 million during this period.

This uneven flow pattern is concerning, as it suggests demand has not improved across every product.

The concentration of inflows in select funds also raises questions about the sustainability of current price trends.

Bitcoin's trading activity remains weak, with weekly ETF volume reaching a five-day total of approximately $84.1 billion, the lowest since October 2025.

Crypto analyst Joao Wedson highlighted an interesting aspect of Bitcoin's supply structure: Long-Term Holder Supply is now five times larger than Short-Term Holder Supply, a clear sign of long-term investor conviction.

The share of circulating supply held by investors with a longer time horizon has risen to 84%, while the amount controlled by short-term participants has become historically limited.

This divergence between strong holder conviction and weak price action is worth monitoring as it may indicate an increasingly sensitive market to new capital inflows.