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Bitcoin rebounds above $60,000 as U.S. spot ETF flows turn positive

Bitcoin rebounds above $60,000 as U.S. spot ETF flows turn positive

Bitcoin rose to a two-week high near $60,394-$62,000 as more than $437 million in short liquidations hit and U.S. spot Bitcoin ETFs swung from July 1 outflows to $221.72 million of net inflows on July 2.

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Fact Check
The claim is corroborated across multiple independent outlets dated July 1, 2026. Decrypt, crypto.news, and odaily all confirm Bitcoin rebounded from an intraday low of $57,779 (its lowest since September 2024) to around $60,000, driven by softer U.S. jobs data (ADP +98K) and ISM manufacturing (53.3), plus noncommittal Fed Chair Kevin Warsh remarks. The record June spot Bitcoin ETF outflows are confirmed by Decrypt (~$4.5B), odaily (~$4.5B), and CoinStats (~$4.06B). All key elements of the claim match the reported facts.
Summary

Bitcoin recovered above $60,000 and traded as high as roughly $60,394 to above $62,000 after briefly falling below $58,000, as a broader crypto and risk-asset rebound triggered more than $437 million in short liquidations over 24 hours. U.S. spot Bitcoin ETFs had suffered heavy withdrawals through July 1, including $294.62 million of net outflows that day, before reversing to $221.72 million of net inflows on July 2, ending a 10-session redemption streak of more than $2.7 billion. Fidelity's FBTC led creations at $166 million while BlackRock's IBIT posted a $40.43 million outflow. Spot Ether ETFs also added $29.08 million on July 2 after $14.89 million of inflows a day earlier ended a nine-day losing streak, while Hyperliquid, Solana and XRP-linked crypto funds also recorded fresh demand. Bitcoin's market capitalization climbed back above $1.2 trillion and to 16th in global asset rankings, ahead of Samsung, Micron and SK Hynix based on data cited from 8MarketCap, even as analysts said options hedging demand and leverage positioning still pointed to caution.

Terms & Concepts
  • spot Bitcoin ETFs: Exchange-traded funds that hold Bitcoin directly, giving investors exposure through listed market products.
  • short liquidations: Forced closure of leveraged bearish positions when rising prices trigger margin calls or exchange liquidation thresholds.
  • market-maker gamma: A measure tied to options dealers' hedging activity that can influence how smoothly prices absorb buying and selling pressure.