Bitcoin price stalls below $65K despite ETF inflows

Bitcoin held near $64,206 on Aug. 7, according to crypto.news market data, slipping 0.5% over 24 hours and 0.6% over seven days. 

The asset traded between $64,114 and $64,916, showing that the market remains compressed after failing to reclaim resistance above $66,000.

The price action comes as U.S. spot Bitcoin ETFs extend a four-session inflow streak, while the Senate delays the CLARITY Act vote until September and traders wait for fresh U.S. employment data. Those factors leave Bitcoin supported by institutional demand but without a breakout from its range.

Bitcoin ETF inflows continue supporting the $64K area

Farside’s recorded $137.6 million in net inflows into U.S. spot Bitcoin ETFs on Aug. 6. That followed $170.1 million on Aug. 3, $211.5 million on Aug. 4 and $244.4 million on Aug. 5, bringing the four-day total to about $763.6 million.

BlackRock’s IBIT led Thursday’s flows with $128.3 million, while Fidelity’s FBTC added $11.2 million. VanEck’s HODL recorded $32.8 million in outflows. The positive aggregate flow has provided a steady source of spot demand even though Bitcoin has not cleared nearby resistance.

As previously reported, renewed inflows have helped stabilize Bitcoin during weak trading periods. However, ETF buying does not guarantee immediate price appreciation when other holders sell into the same demand.

The $62,000 to $65,000 region has contained much of Bitcoin’s recent trading. Analyst Daan Crypto Trades said a move above $67,000 would make the structure more constructive, with $69,000 to $72,000 containing several higher-timeframe resistance levels. Until that breakout occurs, he described BTC as remaining in sideways trade.

CLARITY Act delay removes an August policy catalyst

The Senate will leave Washington without voting on the CLARITY Act before its August work period. Senate Majority Leader John Thune said the legislation would be queued when lawmakers return. The Senate lists Aug. 10 through Sept. 11 as a state work period.

The legislation would establish a federal digital asset market structure and clarify regulatory responsibilities between the SEC and CFTC. Earlier CLARITY Act showed that Republican leaders need Democratic support to overcome a filibuster. The often-cited 60-vote figure applies to cloture, rather than the simple-majority threshold normally required for final passage.

For BTC, the delay removes an expected August policy event but does not change the asset’s legal status. Market reaction also cannot be attributed solely to the bill because ETF flows, interest-rate expectations, positioning and broader risk appetite are moving simultaneously.

Derivatives leverage is rebuilding from lower levels

CryptoQuant analyst Amr Taha reported that Bitcoin open interest is recovering across Binance, Bybit and Gate.io. Binance open interest reached about $3.9 billion on Aug. 7, while Bybit stood near $2.14 billion and Gate.io around $2.09 billion. Deribit diverged, falling to roughly $725 million.

Combined open interest across those four exchanges was about $8.86 billion, according to Taha, nearly 54% below the $19.21 billion recorded around BTC’s October 2025 peak. That suggests leverage is returning gradually rather than approaching the crowded conditions seen near the previous high.

Ali Charts offered a bullish long-term reading, pointing to a TD Sequential buy signal on BTC’s monthly chart, proximity to the 50-month simple moving average and a Chande Momentum Oscillator reading near negative 71. Those signals are technical interpretations, not confirmation that a new bull market has begun.

On the daily chart, BTC remains in a broader downtrend but has stabilized above the $60,000 to $62,000 support zone. Accumulation and Distribution has recovered since late June, while Bull Bear Power is slightly positive. A sustained move through $66,000 to $70,000 would provide stronger evidence of a trend change.

U.S. jobs and inflation data become the next test

The Fed’s kept its target rate at 3.50% to 3.75% on July 29 in a 9-3 vote. Beth Hammack, Neel Kashkari and Lorie Logan dissented because they preferred a 25-basis-point increase.

The next immediate catalyst is the July employment report, for Aug. 7 at 8:30 a.m. ET. July CPI follows on Aug. 12. Stronger employment or persistent inflation could reinforce expectations for tighter monetary policy, while softer data could reduce pressure on risk assets.

The crypto enters the data window with conflicting signals. ETF demand remains positive and leverage is rebuilding from depressed levels, while price is still below the resistance needed to confirm a stronger recovery. Holding $62,000 to $64,000 keeps current stabilization intact, but traders are likely to look toward $67,000 and then $69,000 to $72,000 for clearer evidence that buyers have regained control.