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Bitcoin rebounds as U.S. spot ETFs log about $223 million inflow after 10-day outflow streak

Bitcoin rebounds as U.S. spot ETFs log about $223 million inflow after 10-day outflow streak

Bitcoin rose back above $62,000 as softer U.S. labor data and roughly $221.7 million to $223 million of spot ETF inflows ended a 10-day withdrawal streak that had totaled about $2.7 billion.

BTC
ETH

Fact Check
Multiple sources including CoinDesk ('Smaller tokens Memecore's M, Audiera's BEAT lead...') and Cointelegraph ('Bitcoin Green July Starts With A Bang...') confirm the July 2, 2026 rebound: Bitcoin traded above $61,000 (reaching ~$62,137), major cryptos rose, and speculative tokens Memecore's M (+~81%) and Audiera's BEAT led gains, driven by weaker-than-expected US nonfarm payrolls (57K vs 114K) and softened Fed-tightening expectations. The Bitget/CoinDesk syndication confirms ETH +5%. The only unverified specific is Ether 'above $1,700' as an exact price, but the reported +5% ETH move is consistent and no source contradicts it. All other claim elements are directly corroborated.
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Summary

Bitcoin and Ether rebounded from recent sharp lows as weaker-than-expected U.S. labor and other economic data reduced near-term Federal Reserve hike fears, encouraged dip buying and coincided with roughly $221.7 million to $223 million in net inflows into U.S. spot Bitcoin ETFs. Bitcoin climbed back above $62,000, helping trigger about $100 million in liquidations, while the ETF inflow ended a 10-day outflow streak that had totaled about $2.7 billion and marked the biggest daily intake since May. CryptoQuant analyst Axel Adler Jr. said the ETF segment was showing a first sign of easing pressure, but analysts cautioned that one day of inflows does not yet confirm a sustained reversal because it can reflect short-covering, tactical repositioning or a brief sentiment improvement.

Terms & Concepts
  • spot Bitcoin ETFs: Exchange-traded funds that hold Bitcoin directly rather than gaining exposure through derivatives.
  • liquidations: Forced closure of leveraged positions, often after sharp price moves trigger margin thresholds.
  • hawkish Fed: A Federal Reserve policy stance favoring tighter monetary conditions, such as higher interest rates.