Bitcoin Stabilizes at $63,848 Amid Spot ETF Outflows and Ethereum Inflows

Bitcoin (BTC) stabilized at $63,848 as broader macro volatility eased following recent market turbulence. Despite this stability, spot Bitcoin ETFs saw net outflows of $265.4 million on Friday, with retail traders suffering $257.04 million in liquidations over the past 24 hours.

Ethereum (ETH) ETFs, however, attracted modest inflows of $9.03 million during the same period, suggesting selective interest in alternative smart-contract platforms.

Analysts view the current price level as a critical inflection point determined by short covering and technical resistance. Crypto trader Michael van de Poppe stated that Bitcoin and broader markets are consolidating after Monday’s selloff, expecting an upward trend to resume over the next few days.

Crypto analyst Doctor Profit argues that Bitcoin may be entering the final phase of its bear market, suggesting that widespread expectations for a price drop to $40,000 are likely exaggerated. He views potential $5 billion in Strategy sales as a liquidity opportunity for long-term buyers.