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Per a Bloomberg quote of senior derivatives trader Ivan Lim of FalconX, Bitcoin held around $65,350 on Monday despite $465 million in net outflows from U.S. spot Bitcoin ETFs on July 23 and 24, rising about 1.4% even as institutional flows reversed. The ETF net outflow streak ended as expectations of tighter monetary policy from the Federal Reserve returned to the spotlight, while new concerns about a bill also continued to weigh on sentiment. Through this year to date, U.S. spot Bitcoin ETFs have recorded about $5.4 billion in net outflows, indicating cautious institutional sentiment despite a rebound in July. Bitcoin remains supported around the $64,000 to $65,000 area after bouncing back from the recent month’s low near $58,000.