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Bitcoin jumps 4.4% to $65,086 despite weak spot ETF demand after soft US inflation data

Market News
17 Jul 2026
Crypto Economy
View Source
Neutral
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Bitcoin surged 4.4% to close at $65,086 following the release of the softest U.S. inflation data since 2020, which shifted market expectations. However, this price increase occurred despite a significant outflow of $424.7 million from spot Bitcoin ETFs, indicating that the rally may lack strong real demand from spot investors. This divergence suggests that the recent Bitcoin price surge might be driven more by macroeconomic sentiment than by actual buying interest in the spot market. Investors should watch for whether this trend sustains or if spot demand returns to support prices further.

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