Bitcoin recovered toward the $63,000 mark after attracting renewed investor interest through spot Bitcoin ETFs, which registered net inflows exceeding $141 million. The cryptocurrency traded around $62,861 during the session, reflecting a relatively stable performance as market participants awaited key macroeconomic data from the United States.

The recovery follows a recent period of volatility in the cryptocurrency market, with investors assessing the potential impact of upcoming US consumer inflation data and the Federal Reserve's monetary policy decision. Both events are expected to play a crucial role in shaping expectations around interest rates and liquidity conditions, factors that significantly influence demand for risk assets such as cryptocurrencies.

Market sentiment, however, remains cautious. Despite the recent rebound, crypto market indicators continue to reflect an environment of extreme fear, suggesting that investors remain concerned about broader economic uncertainties and the sustainability of the latest price recovery.

According to market analysts, the recent advance appears to be a relief rally rather than a confirmed trend reversal. While strong ETF inflows indicate continued institutional interest in Bitcoin, traders are looking for additional confirmation through sustained buying activity and improving macroeconomic conditions before turning decisively bullish.

Spot Bitcoin ETFs have emerged as an important source of demand for the cryptocurrency since their introduction, providing traditional investors with regulated exposure to digital assets. Continued inflows into these products have helped support Bitcoin prices during periods of market weakness and have become a key indicator of institutional sentiment.

Market participants will closely watch upcoming US economic releases for signals on inflation trends and the future path of interest rates, as these factors are expected to determine the near-term direction of both cryptocurrency and broader financial markets.