Bitcoin Slips Below $63k as Post-CPI Rally Fails to Materialize

Crypto markets are experiencing a quiet weekend session on August 15, with Bitcoin slipping towards $62,800. The pullback has been building since this week's inflation report.

The Consumer Price Index (CPI) report came in exactly at expectations: consumer prices rose 0.1% month-over-month and 3.4% year-over-year. However, the expected relief rally did not materialize.

Institutional flows failed to provide follow-through after the release. US spot Bitcoin ETFs recorded a meaningful outflow session in the days immediately after CPI, reversing from a $854 million inflow week that opened August.

Strategy also added to sell-side pressure with further BTC disposals during the same window. Analysts now argue that the old mechanical relationship between cooling inflation data and ETF buying has weakened: flows increasingly follow price momentum rather than macro releases.