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Crypto

Bitcoin Eyes $65K, Wiping Out Losses as Spot ETFs See $95M Outflow

724FinanceDeniz Arel
Bitcoin Eyes $65K, Wiping Out Losses as Spot ETFs See $95M Outflow

Bitcoin surged to $64,500, erasing earlier weekly losses and targeting the $65,000 mark amid renewed Middle East tensions. Spot bitcoin funds shed approximately $95 million on Thursday, while ether funds lost $52 million, ending the sector’s recent institutional inflow momentum.

Spot ETF Outflows Signal Shifting Risk Appetite

Spot bitcoin ETFs experienced a $4.5 billion outflow in June, among their worst months since launch. Analysts attribute this to a rotation toward AI infrastructure, with U.S. hyperscalers on track to invest $725 billion this year, 75% of which flows into chips, servers, and data centers.

Crypto Stocks Ride the AI Wave

  • ■Circle Financial (CRCL) jumped 15% after securing regulatory approval for a national trust bank.
  • ■Strategy (MSTR) rose 6.5%, reclaiming the $100 level, with its preferred stock STRC up 1.1% to $86.63.
  • ■Coinbase (COIN) and Galaxy Digital (GLXY) gained over 5%, while Bullish (BLSH) advanced 2%.
  • ■SK Hynix's $26.5 billion ADR debut on Nasdaq, driven by 7x oversubscription, underscores investor appetite for AI-linked semiconductors.

    • Bitcoin vs. Gold Ratio: A Technical Battle

    The Bitcoin-to-gold ratio reached 15.67, indicating one bitcoin equals 15.67 ounces of gold. Since February, Bitcoin has outperformed gold by 28%, with the 16 threshold (200-day SMA) acting as a critical resistance. A sustained breakout could signal bullish momentum.
    These market rotations highlight a temporary shift in risk appetite, as crypto assets lose favor amid AI-driven infrastructure bets. However, regulatory uncertainty and macroeconomic volatility continue to test the sustainability of this trend. Deniz Arel, Director of Crypto Regulation and Compliance
    Deniz Arel

    Financial Analyst: Deniz Arel

    Kripto Para Regülasyonları ve Uyum (Compliance) Direktörü. SEC, MiCA ve küresel kripto regülasyonlarının yasal çerçevelerini inceleyip kurumsal yatırımlara etkisini araştıran hukuk ve finans entelektüeli.

    Disclaimer: The investment information, comments, and recommendations contained herein are not within the scope of investment advisory. Investment advisory services are provided individually by authorized institutions, taking into account the risk and return preferences of individuals. The comments and recommendations contained herein are general in nature. These recommendations may not be suitable for your financial situation and your risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results that meet your expectations.

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