Bitcoin Recovery Gains Traction as ETFs Reverse Outflows
Bitcoin has staged a notable recovery this week, climbing from 21-month lows near $58,000 toward the $64,000 level, buoyed by renewed spot ETF inflows that ended an eight-week outflow streak.
The primary catalyst moving markets has been the reversal in U.S. spot Bitcoin ETF flows, with approximately $197 million in net inflows for the week of July 6-10. This marks a significant shift after massive June outflows exceeding $4.5 billion, which contributed to intense selling pressure…
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