๐ Bitcoin Bounces Off 652-Day Low as 8-Week ETF Outflow Streak Finally Snaps
Bitcoin hit a 652-day low of ~$57,950 early in July but has since clawed back to around $63,900 โ a ~10% recovery in under three weeks. After eight brutal weeks that drained over $8.2B from US spot Bitcoin ETFs, the tide turned with $510M in net inflows over just three mid-July sessions, with BlackRock IBIT leading the reversal. Is this the bottom or just a dead-cat bounce? Not financial advice.
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