Whales Counter ETF Outflows as Bitcoin Hits $63K

Bitcoin (BTC) rebounded above $63K as large holders countered heavy ETF outflows. The crypto market traded on stronger footing, with BTC rising 0.70% on the day and 6.09% over the week.

The rebound followed a harsh first half of the year, when Bitcoin fell sharply from above $93,000 at the start of 2026. Despite this, the price remains down 27.84% year-to-date after closing in June near $60,000.

Bitcoin moved back above $63,000 after reversing late-June losses during thin July 4 trading. The move marked its highest level in more than a month, while XRP gained 5% in 24 hours to lead major tokens.

Crypto prices show two competing forces: ETF outflows continue to weigh on sentiment, yet large Bitcoin holders have stepped in with aggressive dip buying. U.S. spot Bitcoin ETFs recorded their largest monthly outflow since inception in June, with roughly $4.51 billion leaving the products.