GLOBAL MARKETS — Bitcoin fell toward the $62,700 mark on Friday. A combination of sticky macroeconomic data and cooling institutional demand broke weeks of upward momentum.The digital asset market faced immediate pressure following the release of the latest U.S. inflation metrics. The consumer price index printed slightly higher than consensus expectations. The data dampened market hopes for an aggressive rate cut by the Federal Reserve at its next policy meeting. High interest rates typically drain liquidity from risk-on assets, directly impacting speculative crypto valuations.The macroeconomic headwinds triggered a notable shift in institutional capital flows. Spot Bitcoin ETFs posted consecutive days of net outflows. This marks the first back-to-back drawdown sequence for the investment vehicles this month. The selling pressure suggests that institutional wealth managers are temporarily rotating back into cash equivalents as macro uncertainty ticks upward.Adding to the bearish sentiment is a new structural proposal from index provider MSCI. The firm is considering changes to its index inclusion criteria. The update could exclude companies that hold significant amounts of Bitcoin on their balance sheets. High-profile corporate accumulators—including MicroStrategy Inc. and Tokyo-listed Metaplanet—could face removal from major global equity benchmarks."An MSCI exclusion would trigger mandatory institutional selling," explained equity analyst Craig Miller. "Passive index funds would be forced to liquidate their holdings, removing a key indirect buying pillar for Bitcoin."Traders are now watching critical technical support levels. If Bitcoin fails to defend the $62,000 threshold, analysts warn that a broader correction toward $58,000 could materialize. The broader digital asset market followed Bitcoin lower, with major altcoins recording average losses of 4.5% over the 24-hour session.