Bitcoin Bounces 1.4% Despite $465M in ETF Outflows

Bitcoin's price action remains in focus as it traded near $65,350 during early Asian trading on Monday, gaining about 1.4% despite $465 million in U.S. spot ETF outflows across July 23 and 24.

The recent Bitcoin ETF outflows reflected caution over the Clarity Act and renewed expectations for higher interest rates, according to FalconX senior derivatives trader Ivan Lim.

Despite fading ETF demand, Bitcoin held its ground instead of breaking lower, which may indicate steady underlying demand. However, it could also reflect temporary calm before another move.