Bitcoin Rebounds to $64,000 After Strategy Selloff as Options and ETFs Turn Bullish
Bitcoin (BTC) fell to $61,391 after Strategy confirmed a big Bitcoin selloff, then rebounded to a high of $64,529.61 in below 24 hours, and the restoration appears to be holding into Wednesday’s Federal Reserve minutes.
Options merchants and exchange-traded fund flows are each turning bullish, including to indicators the bounce has extra help than the preliminary squeeze prompt.
Options Traders Bet on Higher Prices Into the Fed Minutes
Bitcoin’s broader choices market is working call heavy, with open curiosity cut up 60.15% calls to 39.85% places throughout all expiries, per CoinGlass information. Deribit’s max ache gauge for near-term expiries, together with July 8, sits round $63,000.
The July 8 expiry is among the smaller dates on the board, dwarfed by open curiosity stacked up for July 31 and later months, leaving extra room for a Fed-minutes shock to transfer value.
The minutes cowl the Federal Reserve’s June 16 to 17 meeting, the primary led by new Fed Chair Kevin Warsh, who held charges at 3.50% to 3.75% for a fourth straight maintain. Warsh’s tone got here in additional hawkish than anticipated. The Fed dropped its easing bias, and 9 of 18 officers projected a fee hike later in 2026.
ETF Flows Show Early Signs of Stabilizing
Even after the selloff by Strategy, Spot Bitcoin ETFs added $56.3 million, or 884.97 BTC, on July 6, per CoinGlass information. That extends the rebound from the 10-day outflow streak that ended July 2 with a $222 million influx.
Total internet belongings throughout US spot Bitcoin ETFs stood at $72.89 billion, with cumulative internet inflows because the 2024 launch reaching $51.58 billion, or 637,780 BTC, per CoinGlass data.
The Sale That Started the Dip
Strategy confirmed selling 3,588 BTC for $216 million to fund dividends on its Digital Credit securities, exceeding an earlier 491 BTC rumor sevenfold. The firm nonetheless holds 843,775 BTC, the most important company Bitcoin treasury on the planet.
Whether Bitcoin holds above $64,000 might rely much less on Strategy’s subsequent transfer than on how merchants learn Wednesday’s Fed minutes and whether or not ETF inflows hold tempo.
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