Bitcoin Price Drops To $64K After $225M ETF Outflow
You are here:Home/Cryptocurrency News/Bitcoin Price Holds $64K Despite $225M ETF OutflowsBitcoin price is clinging to a critical support zone as heavy ETF outflows collide with resilient derivatives. . .
You are here:Home/Cryptocurrency News/Bitcoin Price Holds $64K Despite $225M ETF OutflowsBitcoin price is clinging to a critical support zone as heavy ETF outflows collide with resilient derivatives positioning. Bitcoin has remained under pressure after hundreds of millions of dollars flowed out of U. S. spot Bitcoin ETFs, raising fresh uncertainty in the market. At press time, Bitcoin price is trading at $64,161. 85, down 1. 44% over the past 24 hours. The latest decline comes as U. S. spot Bitcoin ETFs recorded $225. 18 million in daily net outflows, while derivatives traders continue increasing their positions, creating mixed market sentiment. Also Read:Bitdeer Hits Record Bitcoin Mining Output of 990 BTC in JuneBitcoin Price Faces ETF Selling PressureBitcoin came under renewed selling pressure on July 23, when spot Bitcoin ETFs recorded $225. 18 million in net outflows following several days of positive inflows. Total net ETF assets stand at $78. 82 billion, while cumulative net inflows remain at $51. 63 billion. The outflows suggest some institutional investors may have taken profits after Bitcoin’s recent recovery. While a single day of withdrawals does not signal a trend reversal, continued outflows could weigh on price if institutional demand fails to rebound. Bitcoin Price Holds Above Key SupportThe TradingView daily chart shows Bitcoin trading around $64,161, slightly above its 200-day moving average at $63,162, but well below the 50-day moving average at $72,450. This suggests the market remains caught between long-term support and medium-term resistance. Buyers continue defending the $63. 2K-$63. 7K support zone, preventing a deeper decline. A daily close below this region could increase selling pressure and expose the next support near $59,300. Meanwhile, the MACD remains above its signal line, although the histogram has started to shrink. This indicates that bullish momentum is weakening rather than turning outright bearish. Bitcoin Price Outlook Backed by Analyst’s ViewCrypto analyst Lennaert Snyder believes Bitcoin’s bullish setup remains intact despite the recent dip below $65K. He wrote, “The long after the sweep of the 65K lows is active,” suggesting that buyers are still defending the current structure. Snyder also noted, “The invalidation for the local longs thesis is the 63. 7K low,” identifying the key level that must hold for the bullish outlook to remain valid. Looking ahead, he added, “I’ll look for another confirmation entry long towards 67K liquidity,” while stating that “68. 1K is also a good area to TP your longs. “These comments align with Bitcoin’s current technical picture. The price continues to trade above its 200-day moving average, while the $63. 7K support level remains the most important area for buyers to defend. A recovery toward $67K-$68. 1K would strengthen the bullish case, whereas losing support could trigger a deeper correction. $BTCis respecting our long-POI very well. Like I posted yesterday, the long after the sweep of the 65K lows is active. I took 25% profits and stoploss to BE, the zone is still valid for 2nd taps. So if we sweep the current 64. 6K low, I'll look for another confirmation entry…pic. twitter. com/Df5fTt878u— Lennaert Snyder (@LennaertSnyder)July 24, 2026Also Read:Bitcoin ETF Could Launch in Japan by 2028 Under New Crypto RulesBitcoin Futures Market Remains ActiveDespite the ETF outflows, Bitcoin’sopen interestremains near $49 billion, indicating traders continue building positions in the futures market. At the same time, liquidation data shows both long and short positions have been cleared in recent sessions, suggesting neither buyers nor sellers have established full control. This balanced positioning increases the likelihood of a sharp move once Bitcoin breaks out of its current trading range. What Bitcoin Traders Should Watch NextThe $63. 7K level remains the key support for Bitcoin’s current bullish structure. Holding above it could open the door to $67K, with $68. 1K acting as the next major resistance and potential profit-taking zone. A break below $63. 7K would invalidate the current bullish thesis outlined by Snyder and shift attention toward the next major support around $59. 3K. Institutional ETF flows, futures positioning, and Bitcoin price reaction around these technical levels will likely determine the market’s next directional move. Also Read:Bitcoin Price Eyes $84K as Long-Term Holder Accumulation Signals BreakoutThis article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice. AboutAthulyamol VSAthulyamol V S is a Market News Reporter at Tronweekly’s editorial team, covering cryptocurrency markets and digital asset price movements for an international cryptocurrency news platform. She focuses on Bitcoin, altcoins, and DeFi markets shaping the broader crypto ecosystem. Her reporting is based on real-time market activity, price analysis, and major industry developments, and follows established editorial guidelines and fact-checking processes. Athulyamol holds a postgraduate degree in Communication. 🔗 Connect on LinkedIn