Bitcoin Slips Below $64,000 as Fed's Kevin Warsh Takes Hawkish Stance, BTC Spot ETFs See $82.2M Outflow

According to The Block, Bitcoin fell below $64,000 on Thursday as Federal Reserve Chair Kevin Warsh's hawkish debut rattled risk assets, with traders pricing in a 90% probability of a rate hike before year-end. Spot bitcoin ETFs recorded an $82.2 million net outflow the same day, according to SoSoValue, with Fidelity's FBTC posting the only meaningful inflow at $14 million. Spot Ether ETFs saw a $29.4 million net outflow, led by $9.9 million in withdrawals from Grayscale's Ethereum Mini Trust.

Glassnode reported that Bitcoin trades 15% below its onchain True Market Mean of $77,200, keeping the broader market in bear-territory despite a bounce off June's lows. Spot liquidity has turned more supportive since Bitcoin's slide toward $60,000, with Binance's order book depth shifting decisively toward bids.