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Bitcoin rebounds near $61,700 as U.S. spot Bitcoin ETFs see inflows after 10-day outflow streak

Market News
03 Jul 2026
Crypto news
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Bullish
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Bitcoin price recovered to around $61,700 following a 10-day period of outflows from U.S. spot Bitcoin ETFs, which recorded $221.7 million in net inflows on July 2. Key ETF players like Fidelity and Ark Invest led the inflows, helping to stabilize the market after June's heavy $4.5 billion outflows. Analysts say Bitcoin must surpass resistance levels at $62,800 and $65,000 to confirm stronger bullish momentum, though technical indicators show only partial recovery so far. On-chain data indicates increased accumulation by various holder groups, suggesting potential for a firmer price floor if buying continues.

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