Institutional Demand Boosts Bitcoin as Price Stalls Below $65,000

Bitcoin continues to struggle below the $65,000 mark as another attempt to break higher fails. The asset's spot data remains mixed, with a modest $412 million in net outflows suggesting some accumulation as coins leave exchanges.

A minority Bitcoin chain linked to BIP-110 has seen activity nearly stop after separating from the main network on August 9, producing just two blocks in its first eight hours compared to 48 on the main chain during the same period.

However, institutional demand provides a stronger bullish signal. U.S. spot Bitcoin ETFs recorded $853.5 million in net inflows from August 3-7, marking five consecutive positive sessions and their best weekly inflow since April.