Bitcoin hovered near the $63,000 mark on Friday despite softer July CPI and PPI data as weak liquidity weighs on the crypto market. The cryptocurrency was trading at $62,847 mark.In the past 24 hours, Bitcoin and Ethereum were down 1.31% and 0.70% respectively. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano fell up to 1.89%.Prateek Gupta, Head of Business, Mudrex said the muted crypto response reflects weaker market liquidity, with daily spot Bitcoin volume falling to $1.19 billion, its lowest since 2019, versus a $14.7 billion peak in February.Crypto TrackerTOP COINS (₹) 95 (0.0%)95 (0.0%)57,939 (-0.9%)178,704 (-1.1%)5,988,320 (-1.5%)Also Read | Sammaan Capital shares fall 4% after Q1 profit declines 27% to Rs 243 crore, revenue drops 31%Gupta further said that institutional demand also remains subdued, with Bitcoin ETFs recording more than $200 million in outflows this week. The global crypto market capitalisation edged down 1.29% to $2.16 trillion, according to CoinMarketCap. After the recent correction, the Bitcoin price is struggling to hold support at $63,000 as the bears have called the rally below $64,000, said CoinDCX Research Team.Riya Sehgal, Research Analyst, Delta Exchange said crypto markets remain cautious despite a more supportive macro backdrop, with Bitcoin trading near $63.5K and Ethereum around $1.89K. Softer US producer inflation has eased near-term rate concerns, but crypto’s muted response suggests that fresh spot demand remains limited.Sehgal further said that ETF flows are reinforcing that divergence. US spot Bitcoin ETFs recorded roughly $125.4 million in net outflows on August 13, extending the previous session’s outflows, while spot Ethereum ETFs saw a modest $6.5 million net inflow.In the past week, Bitcoin and Ethereum were down 2.62% and 1.81% respectively. Among the major altcoins, BNB, Solana, Tron, Hyperliquid, Dogecoin rallied upto 3.57% whereas XRP and Cardano were down 2.42% and 9.70% respectively.Vikas Gupta, Country Manager – India, Bybit shared with ETMarkets said Institutional flows have also become inconsistent. U.S. spot Bitcoin ETFs saw a $144.6M outflow on Aug. 10, followed by only a $7.8M inflow on Aug. 11, showing that institutional demand isn't providing a consistent upward catalyst.He further said that earlier in August, U.S. spot BTC ETFs recorded several consecutive sessions of inflows, showing that institutional appetite remains present but is highly sensitive to macro conditions.Market perspectiveNischal Shetty, Founder, WazirXFor futures traders, 0.0134–0.0132 is the immediate downside zone to monitor. A sustained loss of this area would make roughly 0.0130–0.0124 the next notable support region.Also Read | Mutual funds raise IT exposure to 6.6% in July after record low. Is sentiment towards tech improving?CoinSwitch Markets DeskBitcoin remains stuck just below $64,000, trading around 63,600–63,900 and struggling to hold above the level despite a softer-than-expected July PPI print. On the upside, BTC first needs to reclaim 64,000–64,150 to steady short-term momentum, with $64,500 and then the $65,000 shelf the levels to watch before any renewed attempt higher.Vikram Subburaj, CEO, GiottusImmediate support lies around 62,800-63,000, followed by $62,000. Resistance is visible near 63,900-64,000, with the 65,000-66,000 regions remain the stronger ceiling for the current recovery.Avinash Shekhar, Co-Founder & CEO, Pi42 Bitcoin continues to consolidate around the $63,000 to $64,000 zone, but the sharp decline in spot trading volumes and continued ETF outflows show that conviction remains limited.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)