Bitcoin Holds Steady Above $65k Despite ETF Outflows

Bitcoin is trading near $65,350 as of Monday morning, marking a modest gain despite a shift in institutional sentiment. The market recently saw $465 million in outflows from spot Bitcoin ETFs over a two day period. This reversal interrupted a brief inflow streak and reflects growing caution regarding potential interest rate hikes from the Federal Reserve and legislative uncertainty.

Despite the cooling institutional interest, the price of Bitcoin remains resilient. Traders are currently using the $64,000 to $65,000 range as a firm technical floor. This stability suggests that individual demand is absorbing the selling pressure left behind by larger investors. Improved global sentiment regarding geopolitical tensions has also provided a helping hand to risk assets across the board.

Looking ahead, the market is waiting for a clear direction. Immediate resistance sits between $66,000 and $67,000. If Bitcoin can clear this hurdle, traders will likely eye the $70,000 mark as the next major milestone. However, if macroeconomic pressures or heavy ETF selling intensify, the price could see a retreat back toward $58,000. For now, the market is in a holding pattern while waiting for stronger catalysts.