India Crypto Alert (Feb 10, 2026): Bitcoin ₹51 Lakhs Support Under Threat

India Crypto Alert (Feb 10, 2026): Bitcoin ₹51 Lakhs Support Under Threat

Tuesday, February 10, 2026 — The global crypto liquidation event is hitting Indian exchanges hard. On CoinDCX and WazirX, Bitcoin has retraced from yesterday's recovery, now dangerously close to breaking key INR support levels.

Bitcoin INR: The Critical Levels

The slightly weaker Rupee is cushioning the blow, but the technicals remain bearish.

1. The Sell-Off Threshold: ₹51 Lakhs. This is the INR equivalent of the global $60k support. A daily close below this level could trigger a rapid slide towards ₹44 Lakhs.
2. Immediate Resistance: ₹58 Lakhs. Bulls need to push prices back above this zone to stabilize the market.
3. Buying Opportunity? The ₹44 Lakhs - ₹46 Lakhs zone is historically a strong accumulation area for long-term Indian investors.

Ethereum INR: Testing Patience

Ethereum is trading near ₹1.8 Lakhs, a level that has historically attracted value buyers.

1. Downside Risk: A global drop to $1,800 would likely push ETH/INR towards ₹1.5 Lakhs.
2. Strategy: SIPs (Systematic Investment Plans) in ETH at these levels are favored by investors with a 2027-2028 horizon.

The Tax Trap: Don't Panic Sell

Volatility often leads to panic selling, but in India, that's expensive.

1. 30% Tax on Gains: If you sold yesterday's bounce for a profit, remember 30% is due.
2. No Loss Set-Off: If you panic sell now at a loss, you cannot use that loss to offset gains from other trades.
3. 1% TDS: High-frequency panic trading drains capital via TDS.

Action Item: Review your portfolio. If your conviction hasn't changed, holding through the volatility is often more tax-efficient than trying to time the bottom. Tax Tool: Need to calculate your liability for the FY ending March 2026? Use our ITR Category Finder to simplify your planning.