Bitcoin Stuck Near $65K Amid Strong ETF Inflows

Bitcoin's price remains stuck near $65,000 despite strong inflows into U.S. spot Bitcoin ETFs, which totaled $853.54 million for the week ended August 7, 2026.

The largest portion of these inflows came from BlackRock's IBIT fund, accounting for 81% or $693 million.

However, technical indicators show a mixed trend with fading momentum, indicating that a clear catalyst is needed to drive a sustained breakout or signal a reversal.

The 14-day Relative Strength Index (RSI) stands at 54.51, which is mildly bullish but far from overbought territory.