Bitcoin holds above $62,500 after CPI matches expectations

Bitcoin was trading around $62,561, keeping the $62,500 barrier intact after the US consumer‑price index printed exactly the 4.2% year‑over‑year forecast, yet institutional selling at roughly 450% of daily mined supply and a 13‑session $4.33 bn outflow from spot ETFs continue to cap further gains [1].

Market price and technical backdrop

The $62,561 level follows a modest 2.47% rise that lifted Bitcoin into the top‑10 gainers for the day, but the coin remains below its 50‑, 100‑ and 200‑day exponential moving averages on the 4‑hour chart, indicating a still‑weak structure [1]. Resistance sits at $63,800; a clean break would open a path toward $67,000‑$69,000, while a slip below $60,000 would expose $59,000 and $57,500 support zones [1]. Traders are largely holding their positions, awaiting the next macro trigger.

Institutional flows and macro context

On‑chain data shows net institutional sales running at nearly 450% of the daily mined supply—about 2,000 BTC per day—creating a structural headwind despite the dovish CPI reading that removed immediate rate‑hike concerns [1]. Spot Bitcoin and Ethereum ETFs have recorded outflows for 13 consecutive sessions, erasing $4.33 bn and pushing year‑to‑date flows into negative territory, which further dampens bullish momentum [1]. The June 17 FOMC dot‑plot meeting is now the primary catalyst; a dovish stance could push Bitcoin above $63,800, while a hawkish surprise may retest the $60,000 floor.

Corporate Bitcoin holdings

MicroStrategy (formerly Strategy) sold 32 BTC between May 26 and May 31, raising roughly $2.5 million—less than 0.004% of its total holdings—but the trade sparked intense debate because the firm is widely viewed as a long‑term Bitcoin accumulator [2]. As of June 8, 2026, MicroStrategy still owned over 843,000 BTC, making it the largest corporate Bitcoin holder globally [2].

What to watch

• $63,800 resistance level – a break could trigger a move toward $67,000‑$69,000.
• June 17 FOMC dot‑plot meeting – Fed stance will likely set short‑term direction.
• Continuation of spot ETF outflows – sustained net outflows would keep upside pressure high.
• Future MicroStrategy transactions – any sizable sale or purchase could shift market sentiment.

Bitcoin’s ability to stay above $62,500 shows resilience after the CPI data removed a near‑term rate‑hike risk, but the prevailing institutional sell‑off and ETF outflows suggest that a decisive macro cue—most notably the upcoming Fed meeting—will be needed to unlock a sustained rally.