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Bitcoin climbed toward $65,000 on Monday as selling pressure eased across the crypto market. The largest cryptocurrency gained about 1% over 24 hours, slightly outperforming the wider digital asset market.
The move followed improving risk appetite after progress in the US-Iran peace process eased concerns about energy supplies and inflation. Still, a stronger dollar, higher Treasury yields and weak institutional demand kept Bitcoin within its recent trading range.
US spot Bitcoin exchange-traded funds recorded $227 million in withdrawals over the shortened trading week. The result marked a sixth straight week of net redemptions and lifted total losses over this period to $5.94 billion.
Still, weekly selling slowed for the second consecutive period. The funds lost about $316 million one week earlier, after withdrawals exceeded $1 billion in each of the previous four weeks. The latest data suggest that investors have reduced the speed of their exits.
Tagus Capital described the ETF market as ‘stabilizing but still fragile.’ The firm said investors were no longer increasing withdrawals, though demand had not returned to steady inflows. More balanced positioning may offer some support if redemptions keep falling.
Meanwhile, Bitcoin held above the $63,150 to $63,650 support area. Short liquidations reached about $37.6 million over 24 hours, adding buying pressure as traders closed bearish positions. A firm move above $66,000 could open the way toward the $68,000 resistance zone.
Strategy purchased another 520 Bitcoin for about $35 million, paying an average price near $67,300 per coin. The acquisition raised the company’s total holdings to 847,363 BTC, according to its Monday filing.
The company also increased its US dollar reserve by $300 million to $1.4 billion. Strategy uses the cash pool to support dividend payments on preferred shares marketed as Digital Credit securities.
Notably, the reserve has grown by $400 million within two weeks, while the company’s Bitcoin purchases have become smaller. Strategy has funded both activities through stock sales, placing more attention on cash protection as its preferred securities face price pressure.
Strive also added 759 Bitcoin for just under $50 million. The company paid an average price of $65,850 and funded the purchase through sales of common shares and its SATA preferred stock. Strive now owns 19,864 BTC, valued near $1.29 billion at current prices.
Treasury markets remain a source of pressure. The US two-year yield rose to about 4.21%, its highest level since February 2025, despite a sharp decline in oil prices following the US-Iran agreement.
The move suggests that traders are still preparing for restrictive Federal Reserve policy. Markets will focus on Thursday’s core personal consumption expenditures report, which measures underlying consumer inflation. Forecasts point to a 0.3% monthly increase and a 3.4% annual rate.
Options positioning may also create volatility. About $10.5 billion in Bitcoin contracts are due to expire on Friday. The largest put concentration sits at $60,000, while call interest is strongest near $80,000. The estimated maximum-pain level stands at $72,000.
Bitcoin must hold above $63,150 to protect the latest rebound. A close above $66,000 could weaken selling pressure, while a fall below the support area may return attention to $60,000. A deeper break could expose the market to losses toward $54,000.
Also Read: Crypto News Today: MicroStrategy Bitcoin Sale and Deribit Block Flows Shake BTC Market
