Indian investors are buying the bitcoin price dip, CoinDCX says

Core Insights - Indian crypto investors are shifting from speculative trading to a more strategic approach, focusing on fundamentals and long-term potential of assets like Bitcoin [1][3] - The behavior of investors has evolved, with an increase in systematic investment plans (SIPs) and thoughtful market orders, contrasting sharply with the frenzied trading seen in 2021 [2][3] Market Trends - Bitcoin's price has decreased to $75,000 from a peak of over $126,000 in October, with altcoins experiencing even larger losses [4] - Despite the price drop, trading volumes on exchanges have increased from approximately $269 million in December to around $309 million in January, indicating a balance between profit-taking by short-term traders and accumulation by long-term investors [5] Regulatory Environment - India maintains a cautious regulatory stance on digital assets, treating them as taxable Virtual Digital Assets (VDA) rather than legal tender, with a 30% tax on crypto gains and a 1% transaction tax [6] - New regulations require strict KYC compliance and accurate reporting of user transactions by exchanges, aimed at enhancing compliance and preventing money laundering [7] - The Union Budget 2026 proposes to strengthen compliance for crypto platforms to curb tax evasion in virtual digital assets [7][8]