Bitcoin rises near $64,660 before pullback, then reclaims $64,000 amid liquidations

Bitcoin climbed to about $64,657-$64,660, its highest level since June 22, before pulling back alongside a sell-off in technology stocks and broader risk assets. It later dropped as low as $62,800 and then recovered above $64,000, extending its July gain to nearly 10% seven days into the month after what the source described as its second-worst June on record. The sharp swings came amid mixed crypto-specific signals: earlier reporting cited falling open interest and soft spot demand as reasons to question the rebound’s durability, while Bitfinex analysts later said bitcoin’s recovery from its year-to-date low of $57,735 suggests the break below the prior $58,000 floor may have been a failed breakdown, though they said a sustained recovery will likely require stronger ETF inflows. Over 24 hours, bitcoin liquidations reached $145 million, including $108 million in shorts, while total crypto liquidations hit $418 million.