Bitcoin (BTC) Holds Above $63,800, Gains 1.73% Despite ETF Outflows; Hyperliquid (HYPE) Jumps 4.03%

Bitcoin trades at $63,800 on Tuesday, advancing after Monday’s mild correction. The move comes even as last week’s broader ETF outflow trend still weighs on sentiment. US spot Bitcoin ETFs flipped positive Monday, pulling in $170.09 million in fresh inflows. Hyperliquid extended its rebound for a third straight session, climbing back above its 200-day moving average. 

Oil-driven inflation fears tied to US-Iran tensions continue capping Bitcoin’s broader upside.

Why Bitcoin Is Advancing Despite Lingering ETF Caution

Bitcoin’s bounce follows a rough patch for institutional demand. US-listed spot Bitcoin (BTCUSD) ETFs recorded a net outflow of $61.53 million last week, breaking a three-week streak of inflows.

• Monday’s $170.09 million inflow marks an early sign that institutional demand is stabilizing.
• SoSoValue data shows this reversal came right as Bitcoin reclaimed the $64,000 area.
• Crypto trading volume across 44 exchanges fell to $15 billion last week, per Kaiko.

That volume figure sits 70% below January’s peak, signaling genuinely thinning market liquidity. Average daily volume has also dropped 50% since December 2025, now sitting near $20 billion.

Technical Picture Still Shows Bearish Undertones

Bitcoin’s near-term structure remains capped despite Tuesday’s advance. The cryptocurrency trades below every major moving average on the daily chart.

• The 50-day EMA sits at $64,653, with the 100-day EMA at $67,134.
• A longer-term horizontal resistance cap looms near $84,410.
• RSI holds near a neutral 49, while MACD stays negative below zero.

Immediate resistance sits at $64,004, just above current levels. Immediate support holds near the psychological $60,000 mark, a level bulls need to defend closely.

Geopolitical Risk Keeps a Lid on Bitcoin’s Upside

Oil prices and inflation expectations remain the dominant macro force shaping Bitcoin’s ceiling right now. Renewed uncertainty over US-Iran talks flared up again Monday.

• Iran denied any active negotiations with Washington, prompting a sharp response from President Trump.
• Iran’s Revolutionary Guard reportedly struck a US military base in Kuwait with drones.
• Houthi rebels added a naval blockade against Saudi Arabia, widening the regional risk premium.

The CME FedWatch Tool now prices a 64.7% probability of a September Fed rate hike. July’s ISM Manufacturing PMI, which hit its highest level in over four years, reinforced that hawkish repricing.

Hyperliquid Leads a Broader Altcoin Rebound

Hyperliquid (HYPEUSD) climbed for a third consecutive session Tuesday, recovering from deeper losses earlier in the month. The token now trades above its 200-day EMA at $50.78.

• HYPE still sits below its 50-day EMA at $59.58, capping the near-term recovery.
• A key retracement target sits at $57.55, measured from the $38.17 low to the $76.93 high.
• RSI near 39 shows momentum rebuilding before reaching oversold territory.

MACD and its signal line are converging toward a bullish crossover, hinting at further short-term strength. Support holds at the 200-day EMA, with a deeper floor near $47.32.

𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐢𝐜𝐞𝐬 𝐓𝐨𝐝𝐚𝐲: 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐇𝐨𝐥𝐝𝐬 𝐀𝐛𝐨𝐯𝐞 $𝟔𝟑,𝟖𝟎𝟎; 𝐂𝐨𝐥𝐝𝐜𝐚𝐫𝐝 𝐅𝐚𝐥𝐥𝐨𝐮𝐭, 𝐄𝐓𝐅 𝐎𝐮𝐭𝐟𝐥𝐨𝐰𝐬 𝐓𝐞𝐬𝐭 𝐒𝐞𝐧𝐭𝐢𝐦𝐞𝐧𝐭

Bitcoin steadies above $63,800, but ETF outflows and a hawkish Fed keep traders cautious.
Bitcoin held… pic.twitter.com/XGw9r5dSca

— Analytics Insight (@analyticsinme) August 4, 2026

Other Altcoins Joined Tuesday’s Broader Recovery

Bitcoin and Hyperliquid weren’t alone in Tuesday’s rebound across crypto markets. Several major altcoins showed similar signs of stabilizing momentum.

• XRP traded above $1.00, approaching the apex of a symmetrical triangle pattern.
• Cardano (ADAUSD) neared $0.20, extending a seven-day recovery of more than 25%.
• Aave (AAVEUSD) held above its 50-day EMA at $90.80, supported by rising DeFi deposits.

This broad-based bounce suggests Tuesday’s inflow data gave the wider altcoin market a genuine, if fragile, confidence boost.

Looking Ahead 

Bitcoin’s advance above $63,800 reflects real, if early, stabilization in institutional demand after a rough week. With Fed hike odds near 65% and Middle East tensions unresolved, this recovery remains fragile until Bitcoin reclaims its 50-day EMA near $64,653.

Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.