asiaselloff

Bitcoin slipped below $62,000 on Tuesday as Asia tech stocks suffered their worst selloff in months. South Korea's Composite index plummeted 10% while Japan's Nikkei 225 fell nearly 4%, dragging crypto markets down with them.

The selloff reversed months of "unprecedented inflows" into Korean and Taiwanese equity markets. Both had seen capital inflows exceeding +150% of assets under management since 2024, the largest among all global markets. Now that momentum has turned sharply negative.

BTC hit a local low of $61,860, its weakest level in nearly two weeks, after failing to break above $65,500 the day before. One analyst warns that a close below $64,000 could open the door to $54,000 in coming days, while another sees $60,000 as the next key support zone.

Options markets remain "unconvinced" about volatility potential despite the macro turbulence. The real question: is this a healthy correction or the start of a deeper pullback? How are you positioning your $BTC portfolio right now?

#Bitcoin #CryptoTrading #AsiaSelloff #Markets