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Bitcoin Falls Below $63K as Institutions Buy Back In

Guavy AI Editorial Team
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BTC
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The Bitcoin price fell below $63K despite U.S. spot ETFs pulling in $233.1 million on July 30, led by BlackRock's IBIT.

This has left investors wondering why Bitcoin is falling while institutions are buying.

BlackRock remains the key driver behind the latest recovery, with its $183.4 million IBIT inflow accounting for nearly 80% of the total daily inflow.

Bitwise's BITB followed with $20.74 million, and Fidelity's FBTC added $15.50 million.

Grayscale's GBTC recorded no outflows during the latest session.

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