Bitcoin ETF outflows failed to push BTC below key support on Monday as the cryptocurrency traded near $65,000. Bitcoin gained about 0.13% despite $465.26 million leaving U.S. spot funds across July 23 and 24.

The withdrawals ended seven consecutive sessions of inflows. According to SoSoValue data, funds lost $225.2 million on Thursday and $240.1 million on Friday. BlackRock’s IBIT accounted for almost $415 million of the two-day total.

Why Bitcoin ETF Flows Matter Near $65,000

Even so, U.S. spot Bitcoin offerings attracted $33.79 million for the period ending July 24. That marked their third consecutive positive week, following inflows of $197 million and $75.67 million in the two previous weeks.

According to a report, the last-minute withdrawals appeared to reduce demand but did not alter the month’s broader recovery trend. BRN analysts described July as a period of consolidation after the heavy sell-offs recorded in May and June.

Ivan Lim, senior derivatives trader at FalconX, said the reversal in Bitcoin ETF flows reflected two main factors. First, there were no further developments on the CLARITY Act. Second, expectations of higher U.S. interest rates increased.

Concerns over interest rates intensified as oil-driven inflation fears pushed Treasury yields higher. Reuters reported that traders more than doubled the implied probability of a Federal Reserve rate increase at its next meeting to about one in three.

The United States and Iran also extended a pause in retaliatory strikes, easing fears of deeper disruptions to regional energy supplies. Bitcoin recovered alongside other risk assets after that development.

Bitcoin has rebounded from its July low near $58,000. The recovery brought the $64,000 to $65,000 range back into focus as immediate support, while the $66,000 to $67,000 area remains the next level the market has already tested. The latest move therefore sits at the intersection of ETF demand, policy-sensitive risk appetite, and a price zone that traders are watching for confirmation rather than just a brief bounce.

The cryptocurrency had climbed above $66,500 earlier in the week before falling back below $64,000. Profit-taking and weakness in technology shares limited the advance. The latest rebound has not yet produced a confirmed breakout.

An earlier Bitcoin ETF inflow of $221.7 million ended a 10-day withdrawal streak that totaled $2.73 billion. That positive session improved short-term flow data, but it did not erase the broader losses from the preceding selloff.

Bitcoin Faces Two Price Scenarios

A move above $67,000 could open the door to a test of the $68,000 to $70,000 range. Such a move would require stronger trading volume and sustained fund inflows. Progress on regulatory issues and a more accommodative stance from the Federal Reserve would also support risk appetite.

If that does not happen, Bitcoin could consolidate between $64,000 and $67,000 over the next few trading sessions while investors wait for clearer signals on monetary policy. Holding above $65,000 supports the current rally, but consolidation alone would not confirm a further advance.

If daily Bitcoin ETF outflows exceed $200 million and the Federal Reserve becomes more restrictive, downward momentum could build and a retest of $64,000 would become likely, opening the way back toward July’s low near $58,000.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.