ETF outflows can still bounce back to 63k, and when geopolitical tensions ease, funds will flow back in. This correlation has indeed become mature.

Coin World news reports that Pi42 CEO Avinash Shekhar stated in an interview with Coinpedia that the interconnectedness between the crypto market and the global market has been completed. He noted that after a sharp correction in early 2026, Bitcoin returned to the $63,000 level in the second week, despite ongoing ETF fund outflows and persistent concerns about the macroeconomy. Shekhar believes that negotiations between the United States and Iran are the key catalyst for improving market sentiment, and that as worries about geopolitical conflicts ease, global financial markets have regained stability.