Bitcoin stuck near $64,000 as ETF outflows hit a sixth week

Bitcoin is trading around $64,000 and remains rangebound, still searching for a catalyst strong enough to break the level. Selling from spot bitcoin ETFs has eased from earlier this month, but fresh institutional demand has yet to return. U.S. spot bitcoin ETFs have posted a sixth straight week of net outflows, with only a sparse few days of green.

The scale has narrowed, but the absence of sustained inflows shows institutions remain defensive as markets reassess the Federal Reserve's interest-rate path. A bigger weight has been the rebounding dollar. After the June meeting, the Fed's cautious message weakened expectations for near-term rate cuts, lifting the Dollar Index to the 100.6–100.8 area while keeping Treasury yields high; with liquidity still tight, capital favors assets with steadier yields over volatile ones like bitcoin.

Easing geopolitical tension after the U.S.-Iran deal has improved risk appetite but not enough to offset the firmer dollar and cautious flows.

United States

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