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Bitcoin (BTC) traded at $64,006.26 at the time of writing, recovering above the $64,000 mark despite $95.3 million in net outflows from US spot Bitcoin exchange-traded funds (ETFs) on July 9. The rebound indicates buyers absorbed fresh institutional selling, shifting attention toward the next technical hurdle near $65,700, where Bitcoin has struggled to build sustained momentum in recent sessions.
The recovery also followed an improvement in broader market sentiment after concerns surrounding the latest US-Iran tensions eased. A softer US dollar, firmer Asian equity markets, and renewed demand for risk assets added support to Bitcoin’s advance, allowing the cryptocurrency to regain ground lost earlier in the week.
US spot Bitcoin ETFs recorded $95.3 million in net outflows on July 9, extending the previous day’s $84.9 million in withdrawals, according to SoSoValue data. Those losses followed a brief recovery earlier in the month, when the funds attracted $265.7 million on July 6, $221.7 million on July 2, and $21.4 million on July 7. The uneven flow pattern indicates institutional demand has stabilized but remains far from a sustained accumulation trend.
Despite two consecutive days of ETF outflows, Bitcoin reclaimed the $64,000 level, suggesting spot buyers absorbed the selling pressure instead of allowing another sharp pullback. That resilience came as macro sentiment improved, the US dollar weakened, and geopolitical tensions showed signs of easing, allowing Bitcoin to recover despite inconsistent institutional flows.
ETF flows remain an important gauge of institutional participation, but the latest price action suggests they are no longer the market’s only driver. If inflows resume while Bitcoin holds above $64,000, the recovery could gain broader participation. Another prolonged stretch of ETF withdrawals, though, would increase the challenge of clearing the $65,700 resistance zone.
From a technical perspective, Bitcoin’s short-term structure has improved after reclaiming the $64,000 level.
Momentum indicators also improved as Bitcoin reclaimed the $64,000 level. The relative strength index (RSI) has climbed to around 60, recovering from oversold conditions and moving back above the neutral 50 level, while the moving average convergence/divergence (MACD) continues rising toward the zero line, indicating easing selling pressure continues.
Market sentiment has also improved, with the Crypto Fear & Greed Index advancing to 30 after falling as low as 13 late last month, showing that “extreme fear” has started to ease even though investors remain cautious.
The next challenge sits near $65,700, an area that combines recent price rejection levels with the 50-day exponential moving average (EMA). A decisive close above that zone would strengthen the recovery and bring the $67,000 area into view.
Bitcoin has reclaimed the $64,000 level.
After several failed attempts over the past week, BTC has finally broken back above a key resistance zone.
The next challenge is holding it.
If buyers can turn $64,000 into support, the path towards the next major resistance around… pic.twitter.com/Lj1bwJCAHW
— That Martini Guy ₿ (@MartiniGuyYT) July 10, 2026
The bullish case still requires confirmation. Bitcoin remains below longer-term MAs, showing that the broader trend hasn’t fully turned positive despite the latest rebound.
Bitcoin’s recovery coincided with improving conditions across global financial markets.
Risk appetite improved after US-Iran diplomatic communication remained active despite military exchanges earlier in the week, easing fears of a broader regional conflict.
The Japanese yen also strengthened from 162.42 to 161.55 per US dollar, while Bloomberg’s Dollar Spot Index remained on track for a second consecutive weekly decline.
BREAKING: Bitcoin reclaims $64,000.
USD/JPY just dropped sharply, fueling fresh rumors of possible intervention.
However, the move also came after Japanese officials signaled plans to boost investment into domestic assets.
So it may be a natural market reaction rather than… pic.twitter.com/WpTpUGXMiR
— Crypto Rover (@cryptorover) July 10, 2026
Asian equities joined the rebound, with South Korea’s Kospi rising 4% as investors returned to semiconductor shares. The combination of a weaker dollar, lower pressure in Japanese bond markets, and stronger Asian technology stocks improved conditions for risk assets, including Bitcoin.
That macro relief helped Bitcoin absorb two consecutive days of spot ETF outflows and hold above $64,000 during Friday’s session.
Although momentum has improved, Bitcoin still faces an important test over the coming sessions.
Holding $64,000 as support would strengthen the argument that buyers have regained near-term control. A successful move above $65,700 could open the door toward $67,000, where sellers have previously stepped in.
The alternative scenario also deserves attention. Consecutive ETF outflows, elevated whale activity on exchanges, or renewed macro uncertainty could slow the recovery if buyers fail to defend current levels. In that case, the $62,000-$63,000 region becomes the first support area, followed by the broader $60,000 zone that has repeatedly attracted demand during the current correction.
For now, Bitcoin’s recovery above $64,000 stands out because it occurred despite another day of institutional selling through spot ETFs. Bitcoin’s next directional move now depends on whether buyers can turn $64,000 into support before attempting another break above $65,700.
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