Bitcoin Price Trend Climbs Past $63,000 as ETFs Bleed $390 Million
Bitcoin’s price trend looked a little steadier on Monday, with the token clawing back above $63,000 after a rough patch last week. But the bounce comes with an asterisk: U.S. spot bitcoin ETFs just shed a net $390 million, their heaviest weekly withdrawal in six weeks, even as bitcoin quietly tracked a rally in U.S. stocks. The mixed picture, part relief rally, part investor retreat, sums up where the broader crypto market stands right now: cautiously recovering, but far from confident.
Key takeaways
- Bitcoin gained 0.8% since midnight UTC Monday, holding above $63,000 while tracking a bounce in U.S. equities.
- U.S. spot bitcoin ETFs posted a net outflow of $390 million last week, the largest in six weeks, while Solana ETFs logged their strongest inflows since May.
- Galaxy Digital’s Alex Thorn slashed his odds of the Clarity Act becoming law in 2026 to roughly 10%, down sharply from 75% in May.
- Bitcoin’s open interest eased slightly to around 750,000 BTC, while thin liquidity relative to a $48 billion notional position raises the odds of sharp price swings.
- Market sentiment gauges remain mixed: the Fear and Greed Index sits at 38/100 while the Altcoin Season Index is recovering to 46/100.
Bitcoin Price Movement and Market Correlation
Bitcoin steadied above $63,000 on Monday, up about 0.8% since midnight UTC, as it clawed back a small slice of last week’s losses. There was no obvious crypto-specific trigger behind the move. Instead, the largest cryptocurrency appeared to be riding the coattails of a broader risk-on mood in traditional markets, with Nasdaq 100 index futures rising 0.5% to their highest level since July 2.
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