Live markets: Bitcoin is stuck near $64,000 as ETF outflows reach a sixth week

Bitcoin remained near $64,000 this week, experiencing a sixth consecutive week of outflows from exchange-traded funds (ETFs). Analysts attribute this stagnation to a balance between easing ETF selling pressure and a general improvement in risk appetite, which is being counteracted by a strengthening US dollar and cautious institutional investment. The Grayscale Bitcoin Trust (GBTC) has been a significant contributor to these outflows, with reports indicating substantial redemptions throughout the period. Despite the recent price consolidation, some market observers suggest that underlying demand for Bitcoin remains robust, particularly from retail investors. However, the broader macroeconomic environment, including interest rate expectations and geopolitical uncertainties, continues to influence institutional sentiment and capital allocation towards digital assets. The current price range suggests a temporary equilibrium, with significant price discovery likely contingent on shifts in these macro factors or a notable change in ETF flow dynamics.