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Bitcoin trades near $63,963 after gaining about 1.7% over 24 hours. The move follows renewed demand for United States spot Bitcoin exchange-traded funds and a wider recovery in risk assets. Bitcoin reached an intraday high near $64,287 but has not secured another move above $65,000.
The latest fund data now shows four straight sessions of net inflows, rather than the three-day run reported earlier on Thursday. This change gives Bitcoin a firmer combined demand base, although price gains still face resistance and lower trading activity may limit follow-through.
Softer United States inflation data also supports demand for rate-sensitive assets, including major cryptocurrencies and technology stocks.
United States spot Bitcoin ETFs received $181.1 million on July 14, followed by $107.7 million on July 15 and $79.1 million on July 16. The three sessions brought about $368 million into the products. Another $132.3 million inflow on July 17 extended the positive run to four trading days.
The latest figures mark a sharp shift from July 13, when the funds recorded $424.7 million in net outflows. BlackRock’s IBIT accounted for $136.5 million of Friday’s inflows, while Fidelity’s FBTC posted a $4.2 million outflow. Total net inflows since launch now stand near $51.4 billion.
JPMorgan analysts described Strategy’s larger cash reserve and positive Bitcoin futures flows as “encouraging signs” for the Bitcoin outlook. They also noted that spot ETF flows had moved sharply between gains and losses. The bank’s wording shows support for the longer-term picture without calling the recent rebound a confirmed trend.
Strategy raised its dollar reserve from $2.55 billion to $3 billion. The company says the money supports preferred stock dividends and interest payments. Its July 13 filing shows 843,775 BTC on the balance sheet, bought for $63.69 billion at an average price of $75,476. Strategy made no Bitcoin purchase during the latest reporting week.
Meanwhile, JPMorgan reported positive flows in both Chicago Mercantile Exchange Bitcoin futures and perpetual futures markets. The analysts said these markets often reflect institutional activity more closely than leveraged products linked to Strategy. They also said it is difficult to measure whether Strategy’s cash buildup directly changed Bitcoin market sentiment.
Bitcoin’s next test sits near $65,000, a level it briefly crossed earlier in the week before losing momentum. A daily close above that area, supported by stronger trading volume and further ETF inflows, could open a move toward the recent upper range. Failure to hold $63,500 would shift attention toward the $62,500 area, close to the latest intraday low.
Separate fund data shows digital asset products recently ended an eight-week outflow streak totaling about $8 billion. Around $287 million returned last week, followed by further inflows after softer United States inflation data. Still, the report said a move toward $80,000 may require a clearer change in interest-rate expectations.
ETF flow figures will provide the next direct measure of regulated demand. Price action around $65,000 will also show whether buyers can absorb available supply. A close below $62,500 would weaken the current structure, while a close above $65,000 on higher volume would confirm a stronger short-term recovery.
