Bitcoin rebounds to $63K driven by short-covering and a single day of ETF inflows, but institutional caution persists after record June outflows. • Spot BitcoinBitcoin rebounds to $63K driven by short-covering and a single day of ETF inflows, but institutional caution persists after record June outflows. • Spot Bitcoin
Bitcoin (BTC) Daily Market Analysis 05 July 2026
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Bitcoin rebounds to $63K driven by short-covering and a single day of ETF inflows, but institutional caution persists after record June outflows. • Spot Bitcoin ETFs snapped a 10-day outflow streak with $221.7M in inflows on 2 July, led by Fidelity's $166M • June saw $4.15B in ETF outflows – the worst month since launch – with year-to-date redemptions reaching $5.4B • Long-term holders accumulated 356.63K BTC despite ETF weakness, signaling patient capital conviction • Short liquidations hit $41.11M in 24 hours (95% of total), driving the rally via forced covering rather than fresh demand • Corporate buying remained strong – Metaplanet added 2,823 BTC – while Fear & Greed Index stayed at Extreme Fear (22)
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Bitcoin Price(BTC)
$62,807.5
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