Bitcoin spot ETFs have seen a significant inflow, with BlackRock's IBIT leading with $73 million in daily net inflows. This marks the highest daily inflow in two weeks and contributes to a four-day inflow streak. The German government has also moved an additional $94 million worth of Bitcoin to exchanges, raising concerns among traders. Despite these movements, Bitcoin's historical data suggests a potential rebound in July, especially after a nearly 10% loss in June. The US government is also moving significant amounts of Bitcoin, adding to market volatility. Bitcoin and other cryptocurrencies are experiencing price swings, with traders closely monitoring the US economy. Additionally, $80 million worth of Bitcoin was transferred by the German government, and an anonymous market participant bought $450 million on Binance. Bitcoin has a median return of 9.6% in July, typically bouncing back strongly after a negative June.
Crypto names staying strong near highs. $IBIT etf up 5% with likely a lot of new quarter inflows for the Bitcoin funds
US, Germany Move Over $100 Million in Bitcoin as Market Braces for Impact ► https://t.co/qfWgphF5Ne https://t.co/qfWgphF5Ne
June highlights. BTC -7% on the month, which I think makes sense given the supply overhang fears. ETH -9% pretty weird though, given we're likely right around the corner from spot ETFs trading. Bring on July! https://t.co/4ywS31p44D
Bitcoin’s historical data suggests July could usher profits and growth for BTC holders after the asset lost nearly 10% of its value last month https://t.co/EnwIaDpJ1e
German and US Governments Moving Their #Crypto, Will They Sell Up? 💰🔃💰 What do you think? 🤔 https://t.co/jq4FaRlnVY https://t.co/MewYbVDi6V
History Suggests Bitcoin Rebound In July As German, US Govts Move $150M In Crypto https://t.co/CcyfRnzFQa
People selling btc because the German govt transferred $80M to exchanges. Meanwhile, some anon market bought $450M on Binance yesterday. lol. People about to get sidelined.
German government moves additional $94 million worth of bitcoin to exchanges https://t.co/FGGoqli286
Bitcoin and Other Cryptos Rise. Why July Could Be a Tough Month for the Sector. https://t.co/wp0AWnLnhZ
QCP: BTC spot ETF inflows also continue to recover with $73m of nett inflows last Fri, which is the highest daily inflow in 2 weeks. Looking at seasonality, BTC has a median return of 9.6% in July and tends to bounce back strongly especially after a negative June (-9.85%). Our…
Major Bitcoin Price Swings Predicted for July as Traders Eye US Economy ► https://t.co/fBOviehepQ https://t.co/fBOviehepQ
Spot #Bitcoin ETFs Enjoy Four-Day Inflow Streak https://t.co/ztENrJKN77
.@BlackRock’s IBIT Leads as Spot #Bitcoin ETFs See $73M in Daily Net Inflow https://t.co/ztENrJKN77