Blab Crypto
Bitcoin Holds Near $64,000 as U.S.-Iran Talks Progress, Spot ETF Outflows Continue
Bitcoin steadied at $64,188 Monday, a slight dip from the week’s high, as the market remained largely flat despite favorable macro signals. According to crypto.news data, the digital asset traded between $63,232 and $64,543 over the last 24 hours, putting it roughly 2 % below the peak reached earlier in the week and still shy of the highs seen at the beginning of June.
Underlying pressure came from a sustained wave of net withdrawals from U.S. spot Bitcoin ETFs. SoSoValue reported $227 million pulled from June 14 to June 18, extending a selling streak that has now lasted six consecutive weeks. Over the past month, total outflows have reached a record $6.35 billion, underscoring the lack of fresh institutional inflows.
On the upside, macro‑market conditions were supportive. Qatar and Pakistan announced that the United States and Iran had agreed on a 60‑day roadmap toward a final peace deal, a development that lifted Asian equities and technology shares. Meanwhile, Brent crude fell below $80 per barrel, easing inflationary pressure and reducing the risk‑premium that often dampens risk assets.
Bitcoin’s peers were mixed. Solana hovered near $74, Tron posted modest weekly gains, Ethereum traded around $1,733 and stayed flat, while BNB, XRP and Dogecoin recorded larger losses. The early‑June rally’s momentum appears to have cooled.
Analysts remain divided. Crypto Lens warns that Bitcoin could retrace from $64 k to $66 k and then to $53 k–$55 k if the relief bounce fails, whereas EGRAG Crypto sees a cycle bottom around $53 k–$55 k in September–November 2026 if the historical pattern repeats.
From a technical perspective, support lies near $62 k, $60 k and the June low of $59,100. A break below those would trigger the $55 k and $53 k–$55 k zones. On the upside, Bitcoin must reclaim $64,500 and then $67,000 with stronger volume to weaken the bearish case and open a path to $70 k–$73 k. Until either side gains a decisive move, the market remains range‑bound.
In short, Bitcoin is holding near $64,000, with ETF outflows and a cautious risk‑asset stance preventing a breakout. The next key test will be whether the U.S.–Iran roadmap holds and whether energy prices stay below stress levels, while a seventh week of ETF withdrawals would reinforce the view that institutional demand has not returned.
Underlying pressure came from a sustained wave of net withdrawals from U.S. spot Bitcoin ETFs. SoSoValue reported $227 million pulled from June 14 to June 18, extending a selling streak that has now lasted six consecutive weeks. Over the past month, total outflows have reached a record $6.35 billion, underscoring the lack of fresh institutional inflows.
On the upside, macro‑market conditions were supportive. Qatar and Pakistan announced that the United States and Iran had agreed on a 60‑day roadmap toward a final peace deal, a development that lifted Asian equities and technology shares. Meanwhile, Brent crude fell below $80 per barrel, easing inflationary pressure and reducing the risk‑premium that often dampens risk assets.
Bitcoin’s peers were mixed. Solana hovered near $74, Tron posted modest weekly gains, Ethereum traded around $1,733 and stayed flat, while BNB, XRP and Dogecoin recorded larger losses. The early‑June rally’s momentum appears to have cooled.
Analysts remain divided. Crypto Lens warns that Bitcoin could retrace from $64 k to $66 k and then to $53 k–$55 k if the relief bounce fails, whereas EGRAG Crypto sees a cycle bottom around $53 k–$55 k in September–November 2026 if the historical pattern repeats.
From a technical perspective, support lies near $62 k, $60 k and the June low of $59,100. A break below those would trigger the $55 k and $53 k–$55 k zones. On the upside, Bitcoin must reclaim $64,500 and then $67,000 with stronger volume to weaken the bearish case and open a path to $70 k–$73 k. Until either side gains a decisive move, the market remains range‑bound.
In short, Bitcoin is holding near $64,000, with ETF outflows and a cautious risk‑asset stance preventing a breakout. The next key test will be whether the U.S.–Iran roadmap holds and whether energy prices stay below stress levels, while a seventh week of ETF withdrawals would reinforce the view that institutional demand has not returned.
