BTC HOLDS $63K AS ETFs SNAP 2-MONTH OUTFLOW STREAK!
Bitcoin is holding above $63,000** after a volatile week that saw it dip to an 11-day low. Despite the choppy price action, the monthly picture is constructive: **July closed with $172.4 million in net inflows for Bitcoin ETFs, ending two consecutive months of outflows after nearly $7 billion left the category across May and June.
ETF Activity: Spot Bitcoin ETFs pulled in $233 million** in net inflows recently, with BlackRock’s IBIT accounting for about **$183 million of that total.
⚠️ The Catch: Strategy's $8.22 billion loss and its shift away from buying more BTC is weighing on sentiment. The Fed's hawkish stance is also capping upside.
$BTC
Key Level: A break above $65,000** could trigger **$478 million in short liquidations.
#Bitcoin #BTC #ETF #BlackRock #CryptoMarket
Bitcoin is holding above $63,000** after a volatile week that saw it dip to an 11-day low. Despite the choppy price action, the monthly picture is constructive: **July closed with $172.4 million in net inflows for Bitcoin ETFs, ending two consecutive months of outflows after nearly $7 billion left the category across May and June.
ETF Activity: Spot Bitcoin ETFs pulled in $233 million** in net inflows recently, with BlackRock’s IBIT accounting for about **$183 million of that total.
⚠️ The Catch: Strategy's $8.22 billion loss and its shift away from buying more BTC is weighing on sentiment. The Fed's hawkish stance is also capping upside.
$BTC
Key Level: A break above $65,000** could trigger **$478 million in short liquidations.
#Bitcoin #BTC #ETF #BlackRock #CryptoMarket