Overview
- Spot Bitcoin ETFs recorded a roughly $221–$224 million net inflow on July 2, ending a multi‑day outflow streak and helping push BTC back into the low $63,000 area.
- That one‑day inflow followed a heavy June redemption run that removed more than $4.5 billion from U.S. spot Bitcoin ETFs and contributed to sustained weekly outflows near $526.6 million.
- Strategy disclosed a sale of 3,588 BTC for about $213–$216 million and filed a framework that could authorize up to $1.25 billion in further Bitcoin sales, creating potential supply risk even as analysts see the company as an influential buyer.
- Markets reacted to softer June payrolls that reduced near‑term Fed hike fears, but renewed Strait of Hormuz tensions and upcoming Federal Reserve minutes and U.S. CPI prints are immediate risks that could reverse the rally.
- Traders are watching technical thresholds — the 200‑week moving average near $62,800 and resistance between roughly $64,000 and $65,700 — while longer‑term recovery would likely need sustained ETF inflows plus regulatory or monetary catalysts such as the next halving or clearer U.S. crypto rules.