Bitcoin Reclaims $63,500 as Spot ETFs See Strong Inflows

Bitcoin's price has reclaimed the $63,500 area after volatile trading, and investors are watching to see if it can hold on to this level. According to That Martini Guy, a popular crypto analyst, Bitcoin's first rejection at $63,500 was normal, as previous resistance often doesn't break on the first attempt.

Bitcoin price action improved after U.S.-listed spot Bitcoin ETFs posted $221.7 million in net inflows, ending a 10-day outflow streak and marking the strongest inflow in about two months. This shift is significant because June had damaged sentiment across institutional crypto products.

The technical setup now depends on whether buyers can defend the area around $63,500. Holding onto this level keeps the short-term structure constructive, while a clean push above it could put $65,700 back in focus. A loss of $63,500 would weaken the rebound and potentially lead to a drop to $61,000.