Overview
- Bitcoin recovered into the low $63,000s on Monday after U.S. June payrolls missed expectations and U.S. spot Bitcoin ETFs recorded a roughly $220–$224 million one‑day net inflow that ended a multi‑day outflow streak.
- Several providers still show larger weekly ETF redemptions, creating a split institutional picture in which daily inflows can coexist with ongoing weekly withdrawals.
- Traders point to $63,500–$64,000 as the immediate resistance that must be cleared for the move to feel durable and $61,000–$62,500 as the key support that would signal a failed rally if lost.
- Supply-side actions complicate the outlook because recent corporate selling by Strategy weighed on June prices even as Coinbase reports about 40 nations are accumulating Bitcoin outside ETF channels and BlackRock rolled out a covered‑call Bitcoin income ETF.
- Market follow‑through depends on higher trading volumes and forthcoming U.S. data and central‑bank minutes, with traders watching the Fed minutes and CPI for cues and monitoring geopolitical and liquidity risks that could reverse the short‑covering bounce.