Why Is Bitcoin Stuck Around $65K?
Bitcoin is currently trapped in a tight range around the $64K–$65K zone, and the reason is simple: macro forces are pulling in opposite directions.
BTC recently failed to hold above $65,000 and is trading near $64K after another rejection.
On one side, weaker U.S. labor data has reduced expectations for aggressive Fed tightening, while spot Bitcoin ETFs are seeing renewed demand, with recent inflows reaching roughly $626M over three sessions.
But the other side is keeping bulls cautious. The Fed rate remains at 3.50%–3.75%, Treasury yields are rising, and markets are waiting for the latest U.S. CPI data. July CPI is expected around 3.4% YoY, with core CPI near 2.5%.
So right now, #Bitcoin has strong institutional demand underneath, but higher yields and inflation uncertainty above. Until one of these forces breaks, $65K could remain the battlefield.
Bitcoin is currently trapped in a tight range around the $64K–$65K zone, and the reason is simple: macro forces are pulling in opposite directions.
BTC recently failed to hold above $65,000 and is trading near $64K after another rejection.
On one side, weaker U.S. labor data has reduced expectations for aggressive Fed tightening, while spot Bitcoin ETFs are seeing renewed demand, with recent inflows reaching roughly $626M over three sessions.
But the other side is keeping bulls cautious. The Fed rate remains at 3.50%–3.75%, Treasury yields are rising, and markets are waiting for the latest U.S. CPI data. July CPI is expected around 3.4% YoY, with core CPI near 2.5%.
So right now, #Bitcoin has strong institutional demand underneath, but higher yields and inflation uncertainty above. Until one of these forces breaks, $65K could remain the battlefield.