Crypto

Bitcoin Steady Above $63K Despite ETF Outflows

Guavy AI Editorial Team Published August 17, 2026

Instruments

BTC

Bitcoin held steady above $63,000 as US equities rebounded, but investors remain cautious due to regulatory uncertainty and significant ETF outflows.

Last week saw $390 million in net outflows from U.S. spot Bitcoin ETFs, the largest withdrawal in six weeks, indicating a decline in investor confidence.

Despite this, technical indicators suggest potential for a rally towards $70K-$76K if Bitcoin can break above key resistance at $63,400.

The Wire

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