
Bitcoin and Ether ETFs Snap an Eight-Week Outflow Run
Spot bitcoin and ether funds took in a combined $281.8M in the week to July 10, the first positive week after $9.46B of withdrawals.
Altcoins, ETH & general crypto

Spot bitcoin and ether funds took in a combined $281.8M in the week to July 10, the first positive week after $9.46B of withdrawals.

US spot bitcoin ETFs shed about $85 million on Wednesday, ending a three-day inflow run, while ether funds pulled in $70 million as both assets fell 3%.

A hobbyist's $150 Bitaxe solved block 957382 solo on July 9, taking the full 3.1382 BTC reward against odds of one block per 16,000 years.

Data compiled by Blockchair and reported by one outlet put Bitcoin's daily transaction count well above 2025 levels. The metric counts transfers, not value.

Bitcoin rose 1.4% on July 4 to clear $63,000, a two-week high, with ether up 11.5% and solana 13.2% over seven days in thin holiday trading.

On-chain data on July 3 put 10.83M BTC below their last traded price against 9.22M above it, the first such crossover this cycle, with bitcoin near $62,000.

Bitcoin rose 4% to $61,200 and the CoinDesk 20 gained 4.77%, with open interest and funding rates turning in a way June's brief rallies never did.

Bitcoin bottomed at $57,735 on the first day of July, then a spot buying surge carried it back above $60,000, closing a first half down about 30%.

Strategy's board authorized the sale of up to $1.25 billion of bitcoin, two days after its mNAV fell below 1.0 and shut off the equity-issuance model behind four years of buying. It holds more than 843,000 BTC against preferred dividends above $700 million a year.

Bitcoin traded down to about $58,000 on Thursday, its lowest level since September 2024, before recovering to roughly $59,460. US spot bitcoin ETFs shed $696.3 million, the month's largest single-day outflow, with about $10 billion of options due to expire the next day.

Bitcoin traded as low as $59,743 on Friday, its first move under $60,000 this cycle, after a five-session fall of about $14,000. A $1.57 billion liquidation wave marked the fourth billion-dollar day in five sessions, and total crypto market value dropped to $2.23 trillion.

About $3 billion of leveraged positions was liquidated over two days as bitcoin fell 4.90% to $63,682.64. Open interest dropped 8.5% to $111.4 billion, and Solana hit its lowest price since December 2023 with 94% of its liquidations long.