Bitcoin

In a global environment of extreme fear (F&G=10) and bearish crypto sentiment, any positive EM debt flows risk pulling capital away from speculative risk assets like crypto. However, if this reflects broader risk-on appetite (i.e., investors seeking yield in EM bonds), it could indirectly lift crypto if accompanied by a weaker USD or renewed liquidity. The timing coinciding with BTC's 7-day -9.86% drop makes the net effect ambiguous.

India's index-eligible bonds recorded their largest inflow in almost a year after authorities announced measures to boost foreign purchases and support the rupee.