Bitcoin tested support near $64,000 on July 29 as three key demand channels lost momentum simultaneously. Four consecutive US spot Bitcoin ETF sessions recorded combined net outflows of $526.5 million, including $225.1 million on July 23 and $240.1 million on July 24. Glassnode reported weaker perpetual futures buying, stagnant on-chain capital inflows and Bitcoin retreating from roughly $66,700 to $64,000 before recovering to about $65,100. Long-term holders remained the primary price buffer despite the weaker ETF, perpetual-futures and on-chain demand. The total crypto market capitalization stood at $2.17 trillion with Bitcoin dominance at 58.67%.
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