Bitcoin Price Today: BTC at $61,184 on 25 June 2026

Bitcoin at $61,174 Sparks Debate Amidst Record Supply in Loss and Fragile Relief Rally

Bitcoin is trading at $61,174 (₹5,790,119) on 25 June 2026, a price point that underscores a complex market dynamic. Today’s price action is particularly noteworthy given the news that Bitcoin supply in loss has reached a record high of 10.83 million BTC. This means nearly 11 million bitcoin are currently held by investors at a price lower than their purchase cost. Simultaneously, long-term holders are consolidating their positions, controlling a record 14.8 million coins. This divergence suggests a market under pressure, with a significant portion of recent buyers underwater, while established holders remain steadfast or are even increasing their stake. Compounding this is the indication from crypto relief rallies that, while lifting Bitcoin and Ethereum off weekly lows, may be built on fragile foundations. Bearish derivatives positioning and negative Coin Volume Divergence (CVD) signals suggest that the recent rebound might not signal a sustained upward trend, particularly if this weak core PCE reading does not trigger the expected snapback, a critical factor for traders monitoring Bitcoin derivatives for signs of panic.

The USD/INR Effect — What Indian Holders Actually Made or Lost in 24 Hours

The daily movement of Bitcoin in US Dollar terms, down 2.61%, does not directly translate to the INR return for Indian investors. With the USD/INR exchange rate at ₹94.65, the depreciation or appreciation of the Indian Rupee plays a crucial role in the actual gains or losses experienced by local holders. If the Rupee were to depreciate against the Dollar, it would cushion the impact of a USD-denominated crypto price drop, or even turn a USD loss into an INR gain. Conversely, Rupee appreciation would amplify any USD-denominated losses in INR terms. For Indian tax purposes, it is paramount to track crypto assets in INR. While we cannot pinpoint yesterday’s exact INR price without that data, understanding this mechanism is key: a weaker Rupee relative to Bitcoin’s USD price increases the INR value of holdings, and vice-versa. Therefore, the INR return for an Indian investor is a composite of Bitcoin’s USD performance and the USD/INR exchange rate movement. This highlights why monitoring BTC in INR, specifically ₹5,790,119 today, is vital for accurate record-keeping and tax calculations.

Ethereum at $1,631 — What the ETH/BTC Ratio at 0.0267 Signals

Ethereum is currently priced at $1,631 (₹154,374), and its performance relative to Bitcoin is captured by the ETH/BTC ratio, standing at 0.0267 today. This ratio is a key indicator for understanding capital flows within the cryptocurrency market. When the ETH/BTC ratio rises, it suggests that Ethereum and, by extension, altcoins are outperforming Bitcoin. This typically signals a “risk-on” sentiment in the crypto market, where investors are more willing to allocate capital to higher-risk, higher-reward assets like altcoins, often associated with innovation in Decentralized Finance (DeFi). Conversely, a falling ETH/BTC ratio indicates that capital is rotating into Bitcoin, the perceived “safe haven” of the crypto world, signaling a “risk-off” environment. For Indian ETH holders watching their investment at ₹154,374, a declining ratio implies a shift away from ETH and potentially broader altcoins towards BTC. There are no specific news items from the provided list directly relating to Ethereum’s current price action or the ETH/BTC ratio, but the general bearish derivatives signal affecting Bitcoin could also be weighing on ETH sentiment.

Solana and the Altcoin Picture

Solana is trading at $68.03 (₹6,439), marking a 2.45% decline over the past 24 hours. This move places Solana’s performance slightly better than Bitcoin’s 2.61% drop, but it still reflects a general downward trend across major cryptocurrencies. Given that Solana is an altcoin, its ability to outperform Bitcoin is a key indicator of broader altcoin season potential. Currently, with both BTC and SOL in the red, and the ETH/BTC ratio showing BTC outperformance, conditions do not strongly suggest an imminent altcoin surge. For Indian SOL traders, key levels to watch would be immediate support around ₹6,000, a psychological level that has held in recent downturns, and resistance near ₹6,800, which has acted as a ceiling during previous attempts at recovery. Breaking above this resistance level with conviction would be necessary to signal a potential shift in trend for SOL and other altcoins.

Fear & Greed at 12 — The Contrarian Signal Framework

The Crypto Fear & Greed Index stands at a chilling 12/100, firmly in the “Extreme Fear” territory. Historically, when this index drops below 25, Bitcoin has demonstrated a median recovery of 15-25% over the subsequent 30 days. However, these recoveries have varied significantly, ranging from immediate bounces in December 2019 to delays of several weeks, as seen in June 2022. This “Extreme Fear” reading suggests that market participants are overly pessimistic, creating a potential contrarian opportunity for patient investors. The framework for a patient accumulator would involve observing if this extreme fear is accompanied by sustained selling pressure or if it marks a capitulation point. A patient accumulation strategy here would not involve chasing the market but rather identifying opportunities during periods of deep pessimism, understanding that such recoveries are not guaranteed and can be delayed. The historical data suggests that periods of extreme fear can precede significant upside, but the timing remains uncertain.

FII Selling ₹1,843 Cr — The India-Crypto Capital Flow Thesis

Foreign Institutional Investors (FIIs) have been net sellers in Indian equities to the tune of ₹1,843 Cr today, while the Nifty hovers around 24056.0. This outflow of institutional capital from traditional Indian markets has a documented, albeit indirect, impact on the domestic crypto landscape. When FIIs withdraw funds from Indian equities, often due to global risk aversion or a search for higher returns elsewhere, a portion of the capital that was previously available for investment in the Indian stock market becomes displaced. Historically, a segment of this displaced retail capital, seeking uncorrelated assets or higher potential returns to offset equity losses, has found its way into the cryptocurrency market. This isn’t about direct FII investment in crypto, but rather a behavioral shift where retail investors, seeing reduced opportunities or losses in equities, explore alternative asset classes like Bitcoin and Ethereum. Today’s significant FII selling, therefore, could indirectly fuel increased retail participation in India’s crypto markets as investors rebalance their portfolios.

Crypto Tax in India 2026 — The Numbers at Today’s Prices

In India, the taxation of cryptocurrencies remains a significant consideration for investors. A flat 30% tax is levied on all gains from the transfer of virtual digital assets. Additionally, a 1% Tax Deducted at Source (TDS) is applicable on every transaction where the value exceeds certain thresholds. Crucially, there is no provision to set off losses from one crypto asset against gains from another. Let’s illustrate with a realistic scenario for Bitcoin: Suppose an investor purchased 0.1 BTC when it was priced at ₹40,00,000 per BTC. The total investment would be ₹4,00,000. If they sell this 0.1 BTC today at the current price of ₹57,90,119 per BTC, the sale value would be ₹5,79,011.90. The gross capital gain would be ₹5,79,011.90 – ₹4,00,000 = ₹1,79,011.90. The TDS on the sale value of ₹5,79,011.90 would be 1% of ₹5,79,011.90, which amounts to ₹5,790.12. The final tax liability on the gains would be 30% of ₹1,79,011.90, which is ₹53,703.57. This example highlights the impact of both the capital gains tax and the TDS, even on relatively small transactions.

The Actionable Framework for Indian Crypto Investors — 25 June 2026

Based on the data available today, here is an actionable framework for Indian crypto investors:

1. BTC Level: If Bitcoin holds above ₹5,500,000 (approximately $58,000), it suggests resilience against current selling pressure. A break below this level could signal further downside, potentially testing lower support zones.
2. Fear & Greed Threshold: The current Fear & Greed Index at 12 indicates extreme pessimism. A sustained reading below 15 for more than 48 hours would reinforce the contrarian buy signal, suggesting that capitulation might be occurring.
3. USD/INR Trigger: A USD/INR rate approaching or exceeding ₹95.50 would begin to provide a significant cushion to INR returns, even if BTC prices remain flat or slightly decline in USD terms. Conversely, a drop to ₹93.50 would amplify any USD losses in INR.
4. The One Thing to Watch: The most critical factor to observe in the next 48 hours is the reaction of Bitcoin derivatives markets to any potential economic data releases (like the PCE mentioned in news). A significant shift in open interest or funding rates in derivatives, coupled with the stated bearish signals, could dictate the short-term direction.

FAQ

Q: What did FII buy or sell on 25 June 2026?
A: FII were net sellers of ₹1,843 Cr in Indian equities.

Q: What did DII buy on 25 June 2026?
A: DII net buy/sell data for 25 June 2026 was not provided.

Q: Is FII buying or selling in June 2026?
A: Based on the single data point for 25 June 2026, FIIs were net sellers. Further trend analysis for the entire month requires more data.

Key Levels to Watch

Given today’s FII selling trend and Nifty’s position at 24056.0, immediate support for the Nifty would likely be around 23900. Resistance is expected near 24200. A sustained breach below support could trigger further selling pressure, while a move above resistance might indicate a temporary reprieve.

Bottom Line

Today’s crypto market is characterized by record Bitcoin losses and fragile rallies, amplified for Indian investors by the USD/INR rate. Extreme fear suggests potential contrarian opportunities, while FII outflows from Indian equities may indirectly fuel retail crypto investment. Indian crypto investors must remain vigilant about tax implications and monitor key price levels and macroeconomic indicators for strategic decision-making.

The One Thing to Watch for Indian Crypto Investors Tomorrow

For Indian crypto investors navigating this complex market, the single most important factor to watch in the coming 24-48 hours is the broader macroeconomic response to any further signals concerning inflation and interest rates. Specifically, pay close attention to how the U.S. Federal Reserve’s rhetoric or any unexpected economic data (like the PCE reading mentioned earlier) influences the Dollar Index (DXY). A weakening DXY, suggesting a less hawkish Fed, could provide a much-needed tailwind for risk assets, including Bitcoin and Ethereum, potentially lifting them from their current fragile positions. Conversely, a strengthening DXY would likely exert further downward pressure on crypto prices, intensifying the current “risk-off” sentiment. Given the significant FII selling in Indian equities today, any global economic uncertainty amplified by DXY movements could further push Indian retail investors towards or away from crypto, depending on their risk appetite and perception of alternatives. Therefore, the trajectory of the DXY in response to macro news will be the paramount signal for short-term price action and capital flows for Indian crypto holders.