Key Highlights
- Bitcoin recovered to surpass $64,000 following a dip to approximately $62,000 earlier this week
- Strategy liquidated 3,588 BTC valued at $216 million to cover dividend obligations
- BlackRock’s IBIT ETF saw $209.4 million in fresh capital — the first positive flow in several weeks
- Combined U.S. spot Bitcoin ETF inflows reached $265.7 million within 24 hours
- President Trump identified himself as a “big crypto guy” during a White House gathering
Bitcoin experienced a decline from approximately $64,000 late Sunday to roughly $62,000 by Monday morning. The price pressure followed a Securities and Exchange Commission filing revealing Strategy’s divestment of 3,588 BTC totaling $216 million.
Strategy executed the transaction in two phases. The company offloaded 1,363 BTC during June 29–30, generating $80.8 million at an average price of $59,256 per coin. A subsequent sale of 2,225 BTC occurred between July 1–5, bringing in $135.2 million at $60,773 each. These proceeds were allocated toward preferred stock dividend distributions and cash reserve replenishment.
The Michael Saylor-founded enterprise also disclosed an $8.32 billion digital asset impairment for the quarter concluded June 30. Strategy maintains $1.25 billion in remaining authorized sale capacity.
Sunday’s advance toward $64,000 was predominantly propelled by futures activity. Net futures accumulation totaled approximately $415 million, while spot market flows registered slightly negative. This imbalance rendered the rally vulnerable, resulting in a swift reversal following Monday’s Strategy disclosure.
Strategy Disclosure Triggers Market Volatility
Futures selling accelerated to roughly $456 million during a concentrated four-hour period after the filing emerged. Liquidation events affected traders on both sides — approximately $42 million in leveraged long positions and $49 million in short positions were eliminated.
The subsequent afternoon rebound demonstrated greater stability. Futures accumulation of around $568 million was complemented by spot buying totaling about $143 million — marking the first substantial spot market engagement in recent sessions.
Bitcoin’s funding rate maintained positive territory during the correction, with approximately $20.6 billion in outstanding futures contracts still active. This indicates leveraged bullish positions remain densely positioned.
Market analyst Daan Crypto Trades (@DaanCrypto) provided perspective on the situation, observing that Bitcoin had recaptured its weekly 200-day moving average threshold. He stated he “would not be surprised if price just hangs around this $60K–$70K region for a while,” referencing the concentration of significant timeframe levels within that range, and noting that summer periods typically generate sideways price movement.
ETF Capital Returns Alongside Trump Endorsement
Market sentiment transformed Monday afternoon when President Trump addressed attendees at a White House ceremony introducing “Trump Accounts” — a government-sponsored investment program for American children. When questioned whether Bitcoin might be incorporated into those accounts, Trump responded, “well…I’ve become a big crypto guy.”
That statement contributed to BTC’s recovery above $64,000, with the asset most recently trading at $64,183.
BlackRock’s iShares Bitcoin Trust (IBIT) registered $209.4 million in inflows on July 7, marking its first positive session following extended outflow periods. Fidelity’s FBTC, ARK 21Shares’ ARKB, and Grayscale’s Mini ETF contributed additional capital influx. Aggregate U.S. spot Bitcoin ETF net inflows totaled $265.7 million for the session — representing the most robust single-day performance in recent weeks.
Grayscale’s GBTC diverged from the trend with $44.5 million in withdrawals.
IBIT has now accumulated over $60 billion in total inflows. Spot ETF products have now recorded consecutive positive flow days.
Research firm BIT observed that Bitcoin commenced July with historically favorable seasonal momentum. The organization identifies initial resistance for BTC at $65,955.
The Federal Reserve will publish minutes from its June policy meeting on Wednesday. Current market pricing reflects a 75.6% probability that rates remain anchored at 3.50%–3.75% through July.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
