Bitcoin held near $64,000 on June 22, still boxed into the same range it’s held for weeks.
U.S. spot Bitcoin ETFs just logged their sixth straight week of net outflows, though the bleeding has slowed a lot since early June. According to Galaxy Research, the funds shed a record $6.35 billion over a rolling 30-day window—the worst stretch since they launched in January 2024.
Selling has eased, but fresh institutional demand hasn’t shown up to replace it. Part of the drag is a firmer dollar. After the Fed’s June meeting, the central bank’s cautious tone cooled expectations for near-term rate cuts, pushing the Dollar Index up and keeping Treasury yields elevated. With Federal Reserve policy still tight, capital is gravitating toward steadier-yielding assets instead of BTC.
Currently, the market’s balancing between the eased ETF selling and improving sentiment on one side, an unsupportive Fed and unconfirmed institutional flows on the other. Most traders expect bitcoin to keep trading between $60,000 and $67,000 in the near term. A real breakout would likely need ETF inflows to return and institutional Bitcoin demand to actually pick back up, not just stop falling.
Read more: Bitcoin price prediction
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