As Bitcoin Bleeds to $60K, Indian Investors Exhibit “Diamond Hands” Behavior

• While global markets panic over hidden fund blowups, Indian investors have increased trading activity, viewing the $60K level as a buying opportunity.
• The speculative memecoin frenzy of 2021 has been replaced by strategic accumulation of fundamental assets like Bitcoin and Solana via SIPs.
• CoinDCX volumes rose to $309 million in January, defying both the market crash and the strict 2026 Union Budget.

The global cryptocurrency market is currently gripped by a narrative vacuum, with Bitcoin hemorrhaging value, falling to $60,000 (a nearly 30% drop in just a week). While traders in New York and Hong Kong scramble to identify the source of this vicious selling, floating theories ranging from a yen carry trade unwind to a hidden Asian fund blowup, a very different story is unfolding in India.

According to data released by Mumbai-based exchange CoinDCX, Indian investors are actively buying the dip, effectively ignoring the panic that has gripped the Western markets.

This localized trading behavior signals a massive shift in maturity because, unlike the frenzied bull run of 2021, where newcomers chased 100x returns on speculative memecoins, today’s Indian trader is value-focused.

CoinDCX CEO Sumit Gupta highlighted this evolution, noting,

“Indian investors are maturing. They’re no longer driven purely by sentiment or headlines; instead, they’re focused on fundamentals and the long-term potential of the asset class.”

The speculative itch has largely been replaced by deliberate market orders and systematic investment plans (SIPs) targeting blue-chip assets like Bitcoin, Ethereum, and Solana.

Gupta elaborated on the specific mechanics of this accumulation, stating,

“We’re seeing it in their behavior: regular bitcoin systematic investment plans (SIPs), deliberate market orders, and thoughtfully placed limit orders.”

This resilience is quantifiable and stark when compared to the broader economic backdrop. Despite the Indian Rupee depreciating to record lows of nearly 92 against the US Dollar and Bitcoin correcting sharply from its October 2025 high of over $126,000, trading activity on Indian platforms has accelerated rather than stalled.

CoinDCX confirmed that monthly trading volumes climbed from approximately $269 million in December to roughly $309 million in January, suggesting that as prices dropped, domestic capital viewed the volatility as an entry opportunity rather than a signal to capitulate.

This accumulation is particularly notable given the continued regulatory friction, as the Union Budget 2026 offered no relief to the sector, maintaining the rigorous 30% tax on crypto gains and the 1% Tax Deducted at Source (TDS).

ALSO READ: India Budget 2026: No Tax Relief, Tighter Compliance, and New Jail Provisions

While the global conversation revolves around forced liquidations and quantum security fears, Indian portfolios are quietly expanding, betting that the current fear is temporary and the $60,000 price point represents a long-term discount.

Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by the Editorial Team.

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