Bitcoin is sitting at $61,885, Ethereum has shed 18% seven days andXRP is clinging to $1.12. By almost every surface metric, the first week of June looks like a crisis. Avinash Shekhar, Co-founder and CEO of Pi42, one of India’s largest crypto futures platforms, sees it differently.

“The first week of June was defined by one of the sharpest corrections the crypto market has witnessed this year,” Shekhar told us in an exclusive conversation, “but the underlying story was a momentum reset and capital rotation rather than a fundamental breakdown of the digital asset ecosystem.”

What Actually Happened This Week

Bitcoin retreated from the $72,000 range to the $61,000 zone over the course of the week, dragging the total crypto…