Bitcoin dips near $81,400 as Korean stocks slide on AI fears despite ETF inflows
Bitcoin fell about 0.5% to roughly $81,400, even after its biggest daily spot ETF inflow in almost a month. The drop came as South Korea's Kospi index lost 3.7% on worries about artificial intelligence, and options traders are reportedly seeking downside protection.
Why it matters
- Bitcoin slipped despite a strong day of spot ETF inflows, showing that buying interest did not fully offset selling pressure.
- A 3.7% fall in South Korea's Kospi index points to weakness in Asian chip stocks tied to AI concerns.
- Options traders seeking downside protection suggests some market participants are preparing for further price declines.
What to watch next
Watch whether bitcoin holds above the $81,400 level and whether spot ETF inflows continue in the coming sessions.
