BTC retreated from a two-week high of $64,500 as falling open interest and weak spot demand cast doubt on the sustainability of July's 8.4% market recovery.

Bitcoin printed $63,832 as US spot ETFs drew $221.72 million, ending a $2.7 billion outflow streak. Traders say $62,600 must hold to keep the rally alive.

BTC retreated from a two-week high of $64,500 as falling open interest and weak spot demand cast doubt on the sustainability of July's 8.4% market recovery.