Bitcoin steadies at $62,600 as South Koreans flee stocks rout for crypto

MarketsBitcoin steadies at $62,600 as South Koreans flee stocks rout for cryptoBitcoin consolidated after Monday's selloff as Donald Trump threatened more Iran strikes, gold extended its slide and a KOSPI index meltdown sent South Korean crypto volumes soaring.By Oliver Knight, Saksham Diwan|Edited by Sheldon Reback Jul 14, 2026, 10:39 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowBitcoin is consolidating at $62,600 after Monday's slide from $64,400 to $61,800, with $283 million in 24-hour liquidations skewed 74-26 toward longs and the Binance heatmap flagging $61,300 as the key level to watch on any further downside.Options markets continue to moderate their bullishness, with the put/call ratio softening from 64/36 to 58/42 and the one-week delta skew compressing to 15% from 26% a week ago, while DVOL at 37.43 sits near multi-year lows pointing to a low-stress environment.South Korea's KOSPI has now lost 10% since Friday, prompting Upbit trading volume to surge 1,426% as Korean investors rotate back into crypto, potentially reversing the machine chip trade that saw them exit digital assets at the end of last year.Bitcoin BTC$62,749.82 consolidated following Monday's selloff, trading at $62,600 after tumbling from $64,400 to $61,800 over the course of 24 hours.Ether (ETH) tracked the larger cryptocurrency, trading in a relatively tight $1,770-$1,790 range. Trading volume across ETH pairs increased by 2.2% to $8.95 billion over the past 24 hours, suggesting a healthy balance of buyers and sellers rather than opposed to apathy.Lighter (LIT) rebounded from Monday's downturn, rising by 5.7% since midnight UTC as it looks to stage another rally following a 200% surge since May.U.S. equities were mixed, with Nasdaq 100 index futures adding 0.31% while S&P 500 index futures fell by 0.12%, reflecting uncertainty after U.S. President Donald Trump said Iran would be hit by "very heavy" st…

Bitcoin steadies at $62,600 as South Koreans flee stocks rout for crypto

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