Bitcoin analysis warned of "new lows" as Asia markets dropped up to 10% and BTC price action dipped below $62,000 for the first time in nearly two weeks.
Bitcoin (BTC) neared two-week lows on Tuesday as Asia stock markets pulled back on a tech sell-off.
Data from TradingView showed local lows of $61,860 for BTC/USD, a level last seen on June 11.
BTC/USD four-hour chart. Source: Cointelegraph/TradingView
Asia signaled cold feet among investors as major tech stocks saw blanket selling, leading to significant overall downside.
South Korea’s Composite index was down 10% at the time of writing, while the Japanese Nikkei 225 shed nearly 4%.
Korea Composite Stock Price Index one-hour chart. Source: Cointelegraph/TradingView
The reversal soured a conspicuous liquidity surge for both Korea and Taiwan, with trading resource The Kobeissi Letter reporting “unprecedented inflows” to both.
“Total equity fund inflows into Taiwan have risen to +155% of assets under management (AUM) since January 2024, the largest among all global markets. South Korea has followed closely, at +150% of AUM over the same period, tripling so far in 2026,” it wrote in a post on X on Monday.
Stock-market inflow comparison. Source: The Kobeissi Letter/X
BTC price action remained sensitive to the volatility with a failed push beyond $65,500 the day prior.
“$BTC took 65K liquidity and dumped,” trader Lennaert Snyder responded on X.
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