Bitcoin Price Near $65K as ETF Inflows Rise Amidst Strategy & MARA Sale

• Bitcoin price hovers near $65K as US spot Bitcoin ETFs post their strongest weekly inflows since April
• Bitwise CIO Matt Hougan says a 1% institutional Bitcoin allocation could help push BTC toward $1.3 million by 2035
• Strategy and MARA sell Bitcoin as corporate holders use their BTC reserves to raise capital and manage balance sheets

Bitcoin’s price is hovering around $65,000 as money starts flowing back into US spot ETFs. The funds took in more than $850 million last week, their strongest weekly inflows since April. This would normally make for a straightforward bullish signal, but there is another side to the market right now. Some of the largest corporate Bitcoin holders are selling, even as long-term institutional expectations for BTC remain extremely high.

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Bitcoin Price Gets Support From Returning Institutional Demand

The ETF numbers have given Bitcoin bulls something to point to. US spot Bitcoin ETFs saw their best weekly inflows in months, with more than $850 million entering the funds. The timing matters because Bitcoin’s price has remained below the $65,000 mark rather than immediately responding with a sharp rally. At press time, the king coin was trading at $64,855.70 following a 0.18% daily drop.

Bitwise CIO Matt Hougan sees a much bigger opportunity further out. He estimates that institutions collectively manage between $100 trillion and $200 trillion, and argues that a 1% allocation to Bitcoin from that pool could eventually help push BTC toward $1.3 million by 2035.

That kind of forecast is based on how a small shift in traditional portfolios could bring trillions of dollars into an asset with a limited supply. But currently, the market is dealing with a much more immediate question. Large holders are selling Bitcoin while fresh capital is entering through ETFs.

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Strategy and MARA Keep Bitcoin Selling Pressure in Play

Strategy disclosed Monday that it sold 1,690 BTC for $108.6 million between August 3 and August 9, with the proceeds used to repurchase STRC shares. The company still holds 840,447 BTC. This makes it by far one of the biggest corporate holders of Bitcoin.

MARA has also been selling BTC this year. The miner sold 20,880 BTC for about $1.5 billion in the first quarter, using much of the proceeds to reduce debt and strengthen its balance sheet. MARA said Bitcoin remains an important reserve asset. But it is also a source of liquidity when the company needs capital.

So the market currently has two very different stories running at once. ETF investors are putting fresh money into Bitcoin, while companies such as Strategy and MARA are treating their BTC holdings as a source of capital. For the Bitcoin price, the question is if the returning institutional demand can become strong enough to absorb all the selling and finally push BTC out of its current range.

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