Bitcoin Holds Steady Amidst Market Turmoil
Bitcoin's price has been fluctuating near $64,738 after reaching its October 2025 peak. The market is experiencing a divide between bearish and bullish forces, with the strongest arguments requiring fresh capital that hasn't arrived yet.
The ETF bid has flipped, recording net outflows of $5.4 billion in the first half of 2026. However, the funds still hold a large base of investor capital, with cumulative net inflows of about $51.79 billion. The problem lies in the erratic nature of the dependable bid.
Strategy's corporate bitcoin treasury model has become harder to run after Bitcoin demonstrated that it can be used as a funding source when needed. This shift is significant because it means companies like Strategy will think twice before selling their BTC holdings.