Bitcoin traded in a volatile consolidation pattern over the past 48 hours, slipping from recovery levels near $65,389 on July 26 to $63,753.39 as of July 28, 2026, marking a 2.49% decline over the past 24 hours. The pullback reflects a sharp reversal in institutional demand, with U.S. spot Bitcoin ETFs recording more than $465 million in net outflows across July 23-24 after weeks of positive inflows. The weakness comes as traders brace for the Federal Reserve's July 28-29 policy meeting and navigate uncertainty around the CLARITY Act, a long-awaited crypto market-structure bill.