Bitcoin Defies Softer Macro Data, Holds Ground at $62,852

The Bitcoin price is currently trading at $62,852.52, down 0.89% over the past 24 hours, which may seem like a pullback from recent optimism.

However, there's more to this story than meets the eye, with a stubborn divergence between macro data and institutional money flows.

The recent PPI print came in flat month-over-month against an expected 0.2% gain, while jobless claims ticked up to 209,000 from a revised 200,000.

This softer July CPI pushed September rate-hike odds down to roughly 32-35%, which is bullish fuel for risk assets, but Bitcoin shrugged it off anyway.

US spot Bitcoin ETFs posted net outflows of $131.1M on August 13, with Fidelity's FBTC, ARKB, and GBTC among the biggest bleeders.

Options positioning has skewed toward the defensive, with implied volatility clustering around $60,000 downside strikes ahead of the August expiry, a sign that traders are hedging rather than chasing.