Bitcoin trades under $63,000 ahead of PCE data Thursday on, which analysts say is the market's next key test.

Bitcoin dropped below $63,000 on June 3, triggering over $150M in long liquidations. ETF outflows hit $4.4B over 13 days as volatility surges.

BTC's drop to its lowest level since late 2024 reflects a hawkish Federal Reserve, exchange-traded fund outflows and a shift of capital into AI, the bank said.

Bitcoin trades under $63,000 ahead of PCE data Thursday on, which analysts say is the market's next key test.

BTC slips 3.6% amid a global market sell-off and record ETF outflows. Experts warn of a hard ceiling ahead of the $10.6B options expiry.

Trading firm Wintermute's options desk puts bitcoin in a $61,242 to $63,563 range for Tuesday, with correlation rising across tokens and no fresh ETF bid in sight.

Bitcoin held above $62,500 and ether near $1,665, but sluggish price action and widening put skews signal bears remain firmly in control.