Bitcoin stabilises near $64,000 as long-term holders continue accumulation despite ETF inflow pause

Bitcoin has stabilised near the $64,000 mark on Monday as long-term holders continue to accumulate despite an ETF inflow pause. The cryptocurrency was trading at the $64,105 mark.

In the past 24 hours, Bitcoin was down 0.08%, whereas Ethereum was up 0.11% to trade at the $1,737 mark. Among the major altcoins, BNB, Solana, Tron, and Dogecoin gained up to 1.29%, whereas XRP, Hyperliquid, and Cardano corrected up to 4.17%.

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Akshat Siddhant, Lead Quant Analyst, Mudrex, said Friday’s massive $330 million liquidation of leveraged long positions effectively flushed out excess speculative froth from the derivatives market. While institutional ETF inflows are momentarily on a wait-and-watch pause, on-chain metrics reveal steady accumulation behaviour by long-term holder cohorts, preventing any deeper structural breakdown.

The global crypto market capitalisation went down 0.04% to $2.2 trillion, according to CoinMarketCap. The fear and greed index is at 22 as the sentiments remained under fear, said the CoinDCX Research Team.

Avinash Shekhar, Co-Founder & CEO, Pi42, said recent developments, including easing concerns around Iran-related sanctions and continued institutional engagement with Bitcoin treasury strategies, have helped strengthen market sentiment.

He further said that for investors, the current environment calls for patience and disciplined portfolio allocation rather than chasing sharp price moves. A staggered investment approach, combined with a focus on fundamentally strong assets, can help navigate changing market conditions.

In the past week, Bitcoin corrected 2.74%, whereas Ethereum was up 0.85%. Among the major altcoins, BNB, XRP, Dogecoin, and Cardano corrected up to 11.68%, whereas Solana, Tron, and Hyperliquid gained up to 3.77%.

Vikram Subburaj, CEO of Giottus, said the cryptocurrency has recovered modestly from the weakness seen earlier this month. However, prices remain well below the levels needed to confirm a broader bullish reversal.

Institutional flows continue to provide a mixed signal. U.S. spot Bitcoin ETFs recorded net outflows of approximately $82 million on June 17 and $91 million on June 18, according to Farside Investors data. Since June 21 fell on a weekend, no ETF trading activity was recorded. While outflows have slowed compared to earlier this month, institutional demand remains subdued, Subburaj further said.

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Market perspective

WazirX market desk: Bitcoin daily technicals remain mixed: oscillators show Buy while moving averages and overall summary signal Sell. Meanwhile, observers compared Bitcoin’s adoption curve to early smartphone growth, keeping focus on its potential long-term role in global finance amid expanding retail, institutional, and regulatory interest worldwide.

Piyush Walke, Derivatives Research Analyst, Delta Exchange: Bitcoin traded around the $64,000 level on Sunday as investors weighed renewed geopolitical tensions surrounding the Strait of Hormuz alongside fresh concerns about Strategy’s Bitcoin financing model. Bitcoin rebounded after slipping below $63,000 on Friday, though overall price action remained largely unchanged for the week.

CoinSwitch Markets Desk: Weekend developments raised some concerns, pushing oil prices higher, while US stock futures also moved lower. Alongside geopolitical developments, markets are closely watching Thursday’s Core PCE inflation report, the Federal Reserve’s preferred inflation gauge.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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