Loading article…
Bitcoin climbs to $63.2K, its highest in nine days, while equity markets set all‑time highs; see ETF inflows and on‑chain supply tightness.
Bitcoin rose to $63,200 on Thursday, marking its highest level in nine days and coinciding with global equity indices posting historic record highs【2】. The move underscores how Bitcoin’s price can advance even as traditional markets rally, raising questions about the interplay between crypto inflows and broader risk‑asset sentiment.
| At a glance | |
|---|---|
| Price | $63,200 |
| 24‑hour change | +2.5% |
| Key level | $63,300 resistance; $62,000 support |
| Catalyst | Strong inflows into Bitcoin spot ETFs, especially BlackRock’s IBIT, and muted reaction to rising US PPI inflation and Iran’s Hormuz closure【1】【2】 |
Bitcoin spot ETFs have logged eight consecutive days of net inflows, pulling in $2.43 billion in April alone, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for roughly three‑quarters of daily flows on April 23【1】. IBIT’s holdings have now surpassed 806,700 BTC, representing about 3.8 % of the total 21 million‑coin supply【1】. Such concentration of Bitcoin in institutional funds reduces the free‑float available for spot traders, a factor that can amplify price moves when demand resurfaces.
Despite the price rise, the broader macro environment remains mixed. US Producer Price Index data showed the largest year‑on‑year increase since October 2022, and Iran’s temporary closure of the Strait of Hormuz added geopolitical risk, yet Bitcoin “ignored” these headwinds, holding above $63 k【2】. On‑chain volume over the past 24 hours reached $44 billion, supporting the price rally with solid trading activity【3】. The market’s total capitalization stood at $1.227 trillion, indicating that Bitcoin’s price gains are occurring within a still‑large market framework【3】.
The Crypto Fear & Greed Index slipped to 39, back in the “fear” zone, reflecting cautious retail sentiment even as institutional buying via ETFs surged【1】. This divergence suggests that large investors view Bitcoin as undervalued at current levels, while retail participants remain wary amid inflation and geopolitical uncertainty.
The nine‑day high illustrates Bitcoin’s ability to move in tandem with, rather than opposite, rising equity markets, but the sustainability of the rally will hinge on whether institutional inflows keep outpacing retail caution and macro‑driven risk aversion.
Coverage is mostly measured — 159 of 204 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 3, 2026 · How we report
The report highlighted a surge to roughly 49,000 BTC in exchange inflows on June 30, with the average deposit size rising to 2 BTC, a pattern historically preceding downward moves.
Bitcoin rebounded to around $61,600, staying above the $60,000 support level, after briefly falling to $59,520 and following dovish Fed comments.
The Daily Hodl analyst, Rekt Capital, believes Bitcoin may not have reached its bear‑market bottom yet and warns that further downside is possible, citing parallels with the 2022 cycle.