Key Insights
- Crypto ETFs attracted $108.87 million across Bitcoin and Ethereum products.
- BlackRock’s IBIT accounted for $86.83 million of Bitcoin ETF demand.
- Bitcoin faces $65,000 resistance before the July 14 U.S. CPI report.
Bitcoin trades near $64,200 as fresh demand for Crypto ETFs returns to the market. U.S. spot Bitcoin funds recorded $90.44 million in net inflows on July 10. BlackRock’s IBIT met almost all daily demand, while VanEck’s HODL made a smaller contribution.
Bitcoin has gained support above $64,000, but the $65,000 area still limits the rebound. The move also follows heavy short liquidations, which added forced buying during the recovery.
Traders now face a thinner weekend market ahead of the June inflation data due on July 14. The setup leaves spot demand and macro data competing for control of the next move.
Crypto ETFs Draw Fresh Demand as BlackRock Leads Flows
SoSoValue data shows U.S. spot Bitcoin funds attracted $90.44 million during the July 10 session. IBIT recorded $86.83 million, while HODL added $3.61 million. Other listed products reported no net movement for the day.
The concentration points to institutional preference for the largest and most liquid Bitcoin ETF. IBIT has gathered $60.29 billion in cumulative inflows since its launch. Its net assets stand at $46.90 billion.
HODL has collected about $1.14 billion in cumulative inflows. The broader Bitcoin ETF market holds $77.42 billion in net assets. That amount equals about 6.02% of Bitcoin’s market value.
The latest Crypto ETF inflows follow a difficult period for the category. Bitcoin products recently ended a ten-day withdrawal streak worth roughly $2.73 billion. Demand has returned, although flows are still uneven across issuers.
Crypto ETFs Add Ethereum Demand as Bitcoin Holds Firm
U.S. spot Ethereum products also received $18.43 million on July 10. The Ethereum ETF group now holds about $9.59 billion in net assets. Cumulative inflows have reached roughly $10.97 billion.
The increase indicates that demand for regulated crypto is not limited to Bitcoin. Still, the Bitcoin ETF category attracted nearly five times as much capital during the session. That gap keeps Bitcoin at the center of institutional positioning.
Crypto ETFs can provide steadier spot demand than leveraged futures. Fund inflows require exposure linked to the underlying asset, while futures positions can unwind quickly. Yet one positive session does not confirm a lasting reversal after June’s heavy withdrawals.
Bitcoin traded near $64,200 on Saturday after reaching an intraday high above $64,500. The price remains near the $65,000 resistance level. A clean move above that level could improve short-term momentum.
Bitcoin Faces CPI Risk After Short Liquidations Rise
The rebound has also pressured bearish traders. Recent market data showed about $240 million in Bitcoin liquidations, with 61.83% linked to short positions. Forced closures can accelerate gains as exchanges buy back contracts.
However, liquidation-driven moves often fade without stronger spot volume. The latest squeeze shows how quickly leverage can amplify price changes around major resistance levels.
Short-term holders may also create supply above the current price. Buyers holding Bitcoin for one to six months have realized prices near $61,600. The three-to-six-month group sits much higher, near $74,900.
Some holders may sell into rallies between $71,000 and $77,500 to reduce losses. Axel Adler Jr. has said buyer pressure is again exceeding selling near the latest holder cost basis. That supports demand near current levels, but overhead supply could slow the next advance.
The next major test arrives with the June U.S. Consumer Price Index. The Bureau of Labor Statistics will release the report at 8:30 a.m. ET on July 14. A hotter reading could lift Treasury yields and pressure Crypto ETFs, Bitcoin, and other risk assets.
