Pai 🌲|Jul 03, 2026 09:45
BTC Weekly Recap: ETF Finally Stops the Bleeding
Biggest story this week: The 10-day streak of BTC ETF net outflows has been broken.
Friday saw a $221M net inflow, ending the longest losing streak in two weeks. On-chain data looks grim—more BTC is in an unrealized loss state than ever before.
BTC traded in a narrow range of $61,000-$62,000 this week. The 52-week low of $57,748 is just below, with resistance at $63,500 and $65,000, and support at $60,000 and $57,748.
I noticed a signal that’s been overlooked: XRP quietly climbed back to $1.10. ETH outperformed BTC this week with a 1.5% gain. Gold surged 2%, outpacing BTC. What is the market pricing in?
This week’s silence is more noteworthy than last month’s noise. The $221M inflow might just be pre-weekend position adjustments, but if it’s a trend reversal, next week could be exciting.
#BTC #Crypto #MarketUpdate
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