Overview
- U.S. spot Bitcoin ETFs recorded $221.7 million in net inflows on Thursday, stopping a 10‑day run of withdrawals and coinciding with Bitcoin climbing above $61,000.
- The June jobs report showed just 57,000 payrolls added, which reduced near‑term odds of Fed rate hikes and helped revive demand for risk assets including Bitcoin.
- June was the worst month for U.S. spot Bitcoin ETFs with about $4.5 billion of outflows and year‑to‑date net redemptions near $5.4 billion, so one inflow day does not erase heavy recent selling.
- On‑chain and derivatives signals weaken the recovery because about 49,000 BTC flowed to exchanges recently and stablecoin liquidity has contracted, leaving available sell supply high if buying stalls.
- Analysts say Bitcoin needs sustained ETF buying and a clean reclaim of roughly $62,700–$65,000 to confirm a durable recovery, so markets will watch ongoing ETF flows and upcoming macro data for follow‑through.