Bitcoin (CRYPTO: BTC) has stabilized above $64,000 as rising ETF inflows and futures open interest helped offset ongoing risk-off sentiment in the market. BTC was trading at $64,420, up by 12% from its lowest point this year. The price stability follows a period where sharp swings triggered nearly $960 million in crypto liquidations, though recent data shows 112,566 traders were liquidated in the past 24 hours for $438.29 million. The global cryptocurrency market capitalization stood at $2.21 trillion, representing a 0.48% increase over the last 24 hours.

Major Cryptocurrency Performance

ETF Inflows and Market Dynamics

SoSoValue data shows that spot Bitcoin ETFs recorded inflows for four consecutive days, gaining $132 million on Friday and bringing weekly inflows to over $75 million. This accumulation contrasts with broader market risk-off behavior, as the Nasdaq 100 and S&P 500 indices dropped by over 1% due to AI jitters and escalating US-Iran tensions, which pushed crude oil prices up by over 15% from their yearly low. CoinGlass data indicates that futures open interest jumped to $47.6 billion from last month’s low of $44 billion. The weighted funding rate has remained positive since June 25, signaling that long holders are paying shorts and indicating more buyers than sellers.

Technical Indicators and Outlook

Bitcoin’s 14-day Relative Strength Index jumped from 50.8 to 66.9, pushing the asset into overbought territory. However, spot trading volume fell 21.5% to $4.1 billion, well below Glassnode’s lower threshold of $4.7 billion. BTC price has formed bullish technicals, moving above the 25-day moving average. The Percentage Price Oscillator (PPO) has been rising, with lines moving above the zero line and forming an ascending channel. Analysts suggest a potential bullish breakout to the key resistance at $67,375, its highest point on June 15, with further gains possible toward $70,000.

Corporate and On-Chain Activity

Strategy (NASDAQ: MSTR) is set to release its corporate activities from last week on Monday. The company stated it raised cash by selling shares and did not sell any Bitcoin, following a previous week where it sold Bitcoin worth over $200 million. Network activity showed mixed signals, with daily active addresses falling 7.6% to 599,000 and transfer volume dropping 16.1% to $4 billion. Long-term holders remain firm, with the short-term to long-term supply ratio falling to 12.1%.

The cryptocurrency market saw significant developments this week, ranging from executive endorsements to new exchange-traded fund (ETF) filings. Coinbase CEO Brian Armstrong described Bitcoin as the new 'digital gold' during a podcast with entrepreneur Nikhil Kamath. Armstrong stated that the primary opportunity for the industry lies in rebuilding the global financial system using blockchain technology, rather than focusing on speculative trading.

Institutional Moves and ETF Filings

Morgan Stanley has submitted amended filings for two new investment vehicles: the Morgan Stanley Ethereum Trust ETF and the Morgan Stanley Solana Trust ETF. Both funds will carry a management fee of 0.14% and include built-in staking capabilities. This move signals growing institutional interest in offering diversified crypto exposure to investors.

Market Sentiment and Holdings

Bitcoin traders are positioning for an upward price movement, as the options put/call ratio dropped to a six-month low of 0.59. This metric indicates increased confidence that Bitcoin will maintain its current levels and push higher. BlackRock CEO Larry Fink also expressed a bullish outlook, noting that Bitcoin exhibits more stability at current levels and predicting optimism for the markets over the next 12 months.

Corporate and Individual Actions

Real estate investor Grant Cardone expanded his cryptocurrency portfolio by purchasing an additional 10.5 Bitcoin. The acquisition was funded by rental income from his real estate portfolio, consistent with Cardone Capital's strategy of converting free cash flow into Bitcoin via dollar-cost averaging. In a separate security incident, Airbnb Inc. CEO Brian Chesky disclosed that his X account was hacked. The unauthorized access was used to promote real-world asset tokenization, which resulted in a surge of new crypto followers for his account.