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Bitcoin rebounds to $64,000 after July low, driven by long-term holders and U.S. ETF inflows.

Market News
20 Jul 2026
AMBCrypto
View Source
Bullish
Bitcoin rebounds to $64,000 after July low, driven by long-term holders and U.S. ETF inflows.

Bitcoin has recovered from a July 1 low of $57,800 to trade around $64,000, supported by long-term holders who are holding rather than selling. The current price zone is defended by traders to avoid losses, but the market floor is still forming. Key indicators suggest the market is balanced, with the spent output profit ratio hinting at potential bullish momentum if it rises above 1. U.S. investor demand, particularly through spot Bitcoin ETFs, remains crucial for sustaining this rally, with positive inflows seen in July. Continued U.S. capital inflows could help Bitcoin break past resistance levels and maintain its upward trend.

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