Bitcoin Rebounds Toward $64K as ETF Flows Break Eight-Week Slump

Bitcoin rebounded toward $64,000 on Tuesday after briefly falling to $61,794, a relatively contained reaction to renewed U.S.-Iran hostilities and another surge in oil prices. The cryptocurrency was recently trading near $63,775, up about 1.9% from the previous close. Wintermute OTC trader Jasper De Maere said Bitcoin’s ability to absorb the geopolitical shock suggested that weaker holders had largely exited and marginal selling pressure was fading.

The institutional backdrop also offered tentative support. U.S. spot Bitcoin and Ether ETFs attracted a combined $282 million last week, ending eight consecutive weeks of net outflows. Bitcoin products accounted for roughly $197.4 million, while Ether funds added about $84.4 million.

Wintermute: Bitcoin Holds Above $62K Amid Geopolitical Shock as Crypto ETFs Return to Net Inflows After Eight Weeks

Wintermute said Bitcoin held above $62,000 and rebounded toward $64,000 despite last week’s geopolitical shock, suggesting weaker holders had largely been flushed… pic.twitter.com/WYakpQ0xjf

— Wu Blockchain (@WuBlockchain) July 14, 2026

However, the improvement remains fragile: spot Bitcoin ETFs recorded a sharp $424.66 million outflow on Monday, showing that one positive week has not yet established a durable reversal in demand.

Corporate selling has caused less disruption than feared. Strategy sold 3,588 BTC for approximately $216 million between June 29 and July 5 to fund dividends on its Digital Credit securities and strengthen its dollar reserves.

Despite the unusually large sale, Bitcoin absorbed the additional supply without a sustained break below the low-$60,000 range. Strategy retained 843,775 BTC following the transaction.

Macro conditions remain the key near-term driver. Brent crude climbed above $86 a barrel as renewed conflict raised concerns about energy flows through the Strait of Hormuz, reviving fears that higher fuel costs could keep monetary policy tight. Yet June U.S. inflation came in softer than expected: headline CPI fell 0.4% month over month and eased to 3.5% annually, while core inflation was flat, slowing to 2.6%.

The data helped Bitcoin recover toward the top of its 24-hour range. Holding $62,000 and converting $64,000 into support would strengthen the case that the market is building a base, although inconsistent ETF demand and volatile oil prices leave the recovery vulnerable.