Crypto

Bitcoin holds price, but spot buying dries up, raising sharp drop warning

Bitcoin’s recent price stability may be more fragile than it appears as spot demand weakens again, an analysis said. A CryptoQuant contributor said 30-day spot demand fell back near minus 170,000 BTC, after recovering to about minus 80,000 BTC in early July. The rebound has relied on derivatives activity and short covering rather than strong spot buying. ETF flows have turned positive in recent weeks, but analysts said that alone does not signal a broader shift this year.

Crypto

Bitcoin spot ETFs have far to go despite rebound; June outflows hit record

U.S.-listed bitcoin spot exchange-traded funds posted net inflows for a second straight week, but the rebound remains limited. The past two weeks brought $273.1 million of net inflows, just 3.3 percent of the $8.2 billion that exited over the previous eight weeks. June outflows totalled about $4.5 billion, the largest monthly figure since the products launched in January 2024. Analysts remain divided over whether the move marks a trend shift.