Bitcoin rebounds to $65,500 amid $465M ETF outflows and rising US liquidity at $5.92T.
Bitcoin briefly dropped as U.S. spot bitcoin ETFs saw $465 million in outflows over two days, ending a week-long inflow streak. Despite this, Bitcoin held steady between $63,700 and $65,500, supported by rising U.S. liquidity hitting $5.92 trillion, indicating strong market cash flow. Experts say the ETF outflows reflect forced liquidation of leveraged long positions rather than a broad sell-off. The market now eyes the August 12 CPI report, which could influence Federal Reserve policy and Bitcoin's next price move.
Bitcoin briefly dropped as U.S. spot bitcoin ETFs saw $465 million in outflows over two days, ending a week-long inflow streak. Despite this, Bitcoin held steady between $63,700 and $65,500, supported by rising U.S. liquidity hitting $5.92 trillion, indicating strong market cash flow. Experts say the ETF outflows reflect forced liquidation of leveraged long positions rather than a broad sell-off. The market now eyes the August 12 CPI report, which could influence Federal Reserve policy and Bitcoin's next price move.
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