Despite Bitcoin's recent dip below $60,000, US Spot Bitcoin ETFs have seen positive momentum for four straight days, with **BlackRock's IBIT ETF** leading the way with a significant **$82.4 million influx**.  This influx comes after a week of volatility, with a **$174.5 million outflux on June 24th** followed by inflows over the next four days. This week's **net outflux of $37.3 million** highlights a **volatile yet optimistic market** with investors adjusting to changing dynamics. While **other major Bitcoin ETFs** like **Grayscale's GBTC** and **Fidelity's FBTC** saw **outflows**, BlackRock's investment signals a **shift in investor sentiment**, favoring ETFs with potential for growth. Analysts are keeping a close eye on **Bitcoin price movements** with warnings of **significant liquidations** if the price drops below certain levels.

The Bitcoin price has once again dropped today, falling below the $60,000 mark, while the U.S. Spot Bitcoin ETFs noted a positive momentum for the fourth straight day. Notably, several market analysts have attributed the recent sluggish trading of the U.S. Spot Bitcoin ETF as a key reason behind the BTC price dip. However, with <a class="mh-excerpt-more" href="https://coingape.com/bitcoin-etf-records-4-day-streak-blackrock-boosts-82m-influx/" title="Bitcoin ETF Records 4-Day Streak As BlackRock Boosts With $82M Influx"></a>
The post <a href="https://coingape.com/bitcoin-etf-records-4-day-streak-blackrock-boosts-82m-influx/">Bitcoin ETF Records 4-Day Streak As BlackRock Boosts With $82M Influx</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

<img fetchpriority="high" decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/06/bitcoin_etf_inflows-1.jpg" class="attachment-full size-full wp-post-image" alt="Bitcoin ETF four-day streak BTC price BlackRock IBIT" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/06/bitcoin_etf_inflows-1.jpg 1200w, https://coingape.com/wp-content/uploads/2024/06/bitcoin_etf_inflows-1-300x200.jpg 300w, https://coingape.com/wp-content/uploads/2024/06/bitcoin_etf_inflows-1-768x512.jpg 768w, https://coingape.com/wp-content/uploads/2024/06/bitcoin_etf_inflows-1-150x100.jpg 150w, https://coingape.com/wp-content/uploads/2024/06/bitcoin_etf_inflows-1-272x182.jpg 272w" sizes="(max-width: 1200px) 100vw, 1200px" />The Bitcoin price has once again dropped today, falling below the $60,000 mark, while the U.S. Spot Bitcoin ETFs noted a positive momentum for the fourth straight day. Notably, several market analysts have attributed the recent sluggish trading of the U.S. Spot Bitcoin ETF as a key reason behind the BTC price dip.
However, with the U.S. Bitcoin ETF staying in the green this week, it appears that there are certain other factors in play.
<h2>US Spot Bitcoin ETF Recorded Inflows For Four Days</h2>
Bitcoin has faced a downturn, slipping below the $60,000 mark, attributed to tepid trading in <a href="https://coingape.com/blackrock-bitcoin-etf-ibit-sees-zero-inflows-for-fifth-day-but-heres-the-twist/" target="_blank" rel="noopener">U.S. Spot Bitcoin ETFs</a>. However, despite this price dip, the ETFs have seen positive momentum for four consecutive days, indicating a complex interplay of market forces. The recent influx is notably driven by significant contributions from BlackRock&#8217;s IBIT.
According to data from Farside Investors, the overall U.S. Spot Bitcoin ETF sector recorded a $73 million influx. BlackRock, a major player, recorded its first significant influx since June 20, with a substantial $82.4 million injected into its IBIT ETF. Notably, this influx stands out against the backdrop of outflows from other major <a href="https://coingape.com/robert-kiyosaki-labels-bitcoin-etf-fake-here-why/" target="_blank" rel="noopener">Bitcoin ETFs</a>.
For context, <a href="https://coingape.com/grayscale-bitcoin-etf-marks-30-million-outflows-amid-spring-back/" target="_blank" rel="noopener">GrayScale&#8217;s GBTC</a> and Fidelity&#8217;s FBTC, traditionally strong performers in the Bitcoin ETF market, reported outflows of $27.2 million and $25 million, respectively. Yet, the outflows were counterbalanced by BlackRock’s substantial influx and additional contributions from Ark 21Shares&#8217;s ARKB, which saw a $42.8 million influx.
<figure id="attachment_205046" aria-describedby="caption-attachment-205046" style="width: 752px" class="wp-caption aligncenter"><img decoding="async" class=" wp-image-205046" src="https://coingape.com/wp-content/uploads/2024/06/Bitcoin-ETF-29-06-24.png" alt="Bitcoin ETF Inflow Chart" width="752" height="822" srcset="https://coingape.com/wp-content/uploads/2024/06/Bitcoin-ETF-29-06-24.png 726w, https://coingape.com/wp-content/uploads/2024/06/Bitcoin-ETF-29-06-24-275x300.png 275w, https://coingape.com/wp-content/uploads/2024/06/Bitcoin-ETF-29-06-24-150x164.png 150w" sizes="(max-width: 752px) 100vw, 752px" /><figcaption id="caption-attachment-205046" class="wp-caption-text">Source: Farside Investors</figcaption></figure>
Meanwhile, this redistribution of capital suggests a strategic shift among investors, favoring ETFs showing resilience and potential for growth. Besides, the recent inflows reflect growing investor confidence in Bitcoin ETFs, despite the overall market&#8217;s mixed performance.
Also Read: <a href="https://coingape.com/news/stocks/coinbase-microstrategy-and-crypto-stocks-record-weekly-upswing/" target="_blank" rel="noopener">Coinbase, MicroStrategy, and Crypto Stocks Record Weekly Upswing</a>
<h2>Weekly Trends Signal Mixed Sentiment</h2>
The week has been turbulent for Bitcoin ETFs, marked by a significant outflux of $174.5 million on June 24. This substantial outflow set a challenging tone for the week.
Notably, the following four days saw a total influx of $137.2 million, culminating in a net outflux of $37.3 million for the week. These figures highlight a volatile yet optimistic market landscape.
Meanwhile, the positive streak over the past four days suggests a potential recovery and resilience in the Bitcoin ETF sector, driven by targeted investments and strategic capital reallocations. Besides, the contrast between the initial outflux and the subsequent inflows points to a market responsive to changing dynamics, with investors adapting quickly to emerging opportunities.
As Bitcoin’s price fluctuates, the performance of its ETFs offers a critical barometer for investor sentiment and market health. As of writing, <a href="https://coingape.com/price/bitcoin/" target="_blank" rel="noopener">Bitcoin price</a> was down nearly 1.5% and exchanged hands at $60,668. Over the last 24 hours, the crypto has touched a high of $61,720.31, with CoinGlass data showing that BTC Futures Open Interest falling over 2% to $31.62 billion in the same timeframe.
Notably, the market is now keeping a close track of the <a href="https://coingape.com/bitcoin-btc-price-poised-to-breakout-from-june-downtrend-key-levels-to-watch/" target="_blank" rel="noopener">BTC price movements</a> with analysts warning of a significant liquidation. For context, popular crypto market analyst Ali Martinez warned of over $22 million liquidation if Bitcoin drops to the $60,700 level.
<figure style="width: 751px" class="wp-caption aligncenter"><img decoding="async" src="https://pbs.twimg.com/media/GRGiLjhWAAEbZKC?format=jpg&amp;name=4096x4096" alt="Bitcoin price and liquidation chart" width="751" height="429" /><figcaption class="wp-caption-text">Source: Ali Martinez, X</figcaption></figure>
Also Read: <a href="https://coingape.com/could-solana-mimic-ethereum-and-surge-to-1000-analysts-weigh-in/" target="_blank" rel="noopener">Could Solana Mimic Ethereum and Surge to $1,000? Analysts Weigh In</a>
The post <a href="https://coingape.com/bitcoin-etf-records-4-day-streak-blackrock-boosts-82m-influx/">Bitcoin ETF Records 4-Day Streak As BlackRock Boosts With $82M Influx</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Bitcoin ETF Sees 4-Day Inflow Streak as BlackRock Invests $82M

## **Crypto Market Rotation: Meme Coins Take Center Stage**

The crypto market is witnessing a classic rotation as **meme coins** steal the spotlight from their **blue-chip counterparts**. Global crypto markets posted gains alongside traditional equities, with overall market sentiment shifting from fear to greed. The **S&P 500** inched higher to a fresh record this week, breaking above the psychologically important **6,000 level** for the first time since February. Meanwhile, the geopolitical picture has improved dramatically, with **Brent crude dropping 6%** to $67.14.

As investors feel calmer in the markets, the cryptocurrency market as a whole grew **2.5% today** to $3.33 trillion, with **98 of the top 100 coins** in the green for the last 24 hours.

## **Bitcoin Consolidates as Institutions Keep Accumulating**

![Bitcoin price data. Image: TradingView](https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/07/BTCUSD_2025-07-02_13-09-12.png@webp)

Bitcoin's modest **3.59% gain** to $109,507 masks the underlying strength in the world's largest cryptocurrency. The price action reflects healthy consolidation after the recent surge, giving the market time to digest gains.

**Technical indicators** paint a cautiously optimistic picture:
- **RSI at 60**: Suggests BTC has momentum but isn't overheated.
- **50-day EMA**: Provides crucial support below current prices.
- **ADX at 12**: Indicates weak trend strength, expected in a bullish trend.

**Key levels**: Immediate support at **$104,000**, strong support at **$96,000**. Immediate resistance at **$112,000**, strong resistance at **$115,000**.

## **Ethereum Battles Technical Headwinds Despite Adoption Wins**

![Ethereum price data. Image: TradingView](https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/07/ETHUSD_2025-07-02_13-09-41.png@webp)

Ethereum's **3.16% rise** to $2,559 shows the smart-contract blockchain king refusing to go down without a fight. The network scored a major adoption win as **Robinhood deployed 213 tokenized stock contracts** on Arbitrum, an Ethereum layer-2 network.

**Technical setup**:
- **RSI at 54**: Neutral, waiting for a catalyst.
- **ADX at 11**: Essentially no trend.
- **Bearish EMA configuration**: 50-day EMA above the 200-day EMA.

**Key levels**: Immediate support at **$2,400**, strong support at **$2,200**. Immediate resistance at **$2,600**, strong resistance at **$2,800**.

## **SPX6900 Rockets Higher on Technical Breakout**

![SPX6900 price data. Image: TradingView](https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/07/SPX6USD_2025-07-02_13-30-58.png@webp)

Underdog meme coin **SPX6900** just won't quit. The token's **explosive 12% surge** to $1.27 represents a textbook oversold bounce, being the **best-performing cryptocurrency** in the entire top 100 coins by market cap.

**Technical picture**:
- **RSI at 52**: Plenty of room to run higher.
- **ADX at 23**: Approaching the critical 25 level.
- **50-day EMA at $1.10**: Acts as a floor.

**Key levels**: Immediate support at **$1.08-$1.17**, strong support at **$0.92**. Immediate resistance at **$1.40-$1.50**, strong resistance at **$1.70**.

Bitcoin and Ethereum prices are showing signs of life, but for traders with high-risk appetites, an underdog meme coin is flashing bullish signs.

Meme Coin SPX6900 Outshines Bitcoin and Ethereum in Stunning Rally: What's Next?

## Addentax Group Corp. Enters Into US$1.3 Billion Term Sheet for Proposed Acquisition of Up to 12,000 Bitcoins

**Addentax Group Corp. (NASDAQ:ATXG)** has taken a significant step towards expanding its cryptocurrency portfolio by signing a non-binding term sheet to acquire up to **12,000 Bitcoins**, valued at approximately **$1.3 billion**. This marks a 50% increase from their initial target of 8,000 BTC announced on May 15, 2025.

The proposed transaction is unique as it plans to settle through the issuance of newly issued shares of ATXG common stock, rather than cash. This strategic move is aimed at preserving the company's cash resources while capitalizing on **Bitcoin's current bullish momentum, global recognition, and liquidity**.

### Key Details of the Deal
- **Value**: Approximately $1.3 billion for up to 12,000 BTC
- **Payment Method**: Newly issued shares of ATXG common stock
- **Conditions**: Subject to negotiation, due diligence, and customary approvals

This acquisition could potentially transform ATXG's balance sheet and business model, positioning the company as a significant player in the Bitcoin investment space. However, the deal's completion hinges on several factors, including final agreement terms and regulatory approvals.

### Potential Impacts
- **Positive**: Strategic positioning in the crypto market, leveraging Bitcoin's growth
- **Negative**: Potential shareholder dilution and high execution risk due to market volatility

ATXG's management has expressed a strong commitment to allocating significant resources towards a long-term Bitcoin investment strategy, signaling a bold move into the digital asset space.

Addentax expands planned Bitcoin holdings by 50%, targeting 12,000 BTC through stock-based deal. See how this $1.3B crypto acquisition could reshape ATXG's future.

Addentax's Bold $1.3 Billion Bitcoin Bet: A Game-Changer for ATXG?

**El Zonte**, a serene beach town in El Salvador, has transformed into a global **Bitcoin hub**, showcasing the profound impact of cryptocurrency on local economies and communities. Known as **Bitcoin Beach**, this small coastal town has become a living laboratory for **decentralized digital currency**.

### The Birth of Bitcoin Beach
In 2019, an anonymous Bitcoin donation sparked a grassroots initiative led by local economist **Mike Peterson** and community leader **Roman Martínez**. The project aimed to create a **circular economy** by paying local youth in Bitcoin for environmental cleanup efforts. This initiative gained momentum during the **COVID-19 pandemic**, offering an alternative to traditional banking for the unbanked.

### Bitcoin as a Lifeline
With El Salvador adopting the **US dollar** as its primary currency in 2001, many rural Salvadorans lacked access to traditional financial services. Bitcoin provided a **digital lifeline**, enabling participation in the global economy without conventional banks. From meals to beachside beers, Bitcoin became part of daily life in El Zonte.

### Global Attention and National Adoption
The project’s success caught the attention of **El Salvador’s government**, which made Bitcoin **legal tender** in 2021. This historic move allowed businesses nationwide to accept Bitcoin for everything from taxes to utility bills, drawing **international media coverage** and crypto enthusiasts to the country.

### Resilience Amid Criticism
Despite **backlash from the IMF** and a 2025 reversal of Bitcoin’s legal tender status, El Zonte’s **Bitcoin economy** thrives. Local businesses, especially those catering to tourists, continue to embrace the cryptocurrency. "Bitcoin is now a part of daily transactions here," shares a waitress at a beachfront restaurant.

### Transforming Lives and Tourism
The initiative has **empowered local youth**, like **Brian Flores**, who went from facing violence to becoming a **Bitcoin educator** and global speaker. Additionally, El Zonte has seen a **surge in tourism**, with visitors eager to experience a **real-world crypto economy**.

### A Symbol of Innovation
From **Bitcoin stickers** on shop windows to **QR codes** in the hands of locals and tourists, El Zonte stands as a **beacon of digital currency innovation**. It’s more than a surfing destination—it’s a testament to the transformative power of **community-driven economic models**.

El Zonte, a beach town in El Salvador, became a Bitcoin hub, transforming local economy and attracting global interest in cryptocurrency use.

How El Zonte’s Bitcoin Beach Revolutionized a Small Town and Captivated the World

**Bitcoin's recent calm has left some investors puzzled**, especially given the **significant inflows into spot Bitcoin ETFs** and the general optimism in the equities market. Despite a **3.3% gain** for the week ending June 26, many expected more from the leading cryptocurrency.

**The Coinshares Valkyrie Bitcoin Fund (BRRR)** saw a **3% increase last week**, underscoring the growing preference among advisors and investors for ETFs as a means to gain Bitcoin exposure. Institutional demand has been particularly strong, with **ETF cumulative inflows (excluding GBTC outflows) rising from 527,000 BTC to over 630,000 BTC in under three months**.

This influx means issuers must buy Bitcoin to back new shares, a scenario that typically drives prices up. Yet, the expected surge hasn't materialized to the satisfaction of Bitcoin bulls. However, this could soon change.

## Bitcoin and BRRR Poised for Growth

While some view the recent gains as satisfactory, others are eager for more. The delay in a significant price increase can be attributed to **profit-taking by long-term Bitcoin holders** and daily mining activities introducing new supply to the market. Notably, **over 240,000 BTC from older bands has been distributed to the market in the past three months**.

**The silver lining?** Selling by long-term holders is decreasing, with exchange flows hitting multi-year lows last week. Technical analysis suggests Bitcoin is on the cusp of a **potentially massive upward move**. Some analysts predict that reaching **$110,000 could trigger bearish futures liquidations**, and surpassing **$112,000 might pave the way to $140,000**.

For those tracking these developments, the **CoinShares Crypto ETF Hub** offers further insights and strategies.

With sizable inflows into spot bitcoin ETFs and the recent ebullience surrounding equities, some investors are vexed by recent lethargy.

Bitcoin's Quiet Before the Storm: Why ETF Inflows Hint at a Major Price Surge

**Bitcoin (BTC)** has seen modest gains recently, with a 3.6% increase over the past month. However, the cryptocurrency is now showing signs of **weakening demand**, which could hint at an impending price correction.

### **Bitcoin's Apparent Demand Turns Negative**

Analyst Crazzyblockk from CryptoQuant highlights that **Bitcoin's new buyer demand** is no longer sufficient to counterbalance the supply from **miners and long-term holders (LTHs)**. This imbalance has pushed Bitcoin's **Apparent Demand into negative territory**, a bearish signal for the market.

![Bitcoin](https://s3.tradingview.com/news/image/newsbtc:dbbb0e888094b-e34afd4a096b2ffcc4bdf16091890d12-resized.jpeg)

When **Apparent Demand** is negative, it means more BTC is being sold than bought, increasing downward pressure on prices. Notably, **LTHs selling** often indicates that experienced investors believe the market has peaked, adding to the bearish outlook.

### **Market Vulnerabilities and Potential Scenarios**

The analyst warns that the market is now in a **high-risk state**. Any price rallies may struggle against the **wave of available supply**, and support levels could be weaker than expected. Until demand shows clear recovery signs, **caution is advised**.

However, not all signals are negative. Another CryptoQuant analyst, Avocado_onchain, points out that the **30-day moving average of Bitcoin Binary Coin Days Destroyed (CDD)** suggests healthy consolidation rather than a market top.

### **Silver Linings for Bitcoin**

Despite the concerning demand metrics, **easing geopolitical tensions** and positive macroeconomic developments could still fuel a rally in **risk-on assets**, including Bitcoin. Additionally, the **short-term holder (STH) floor price** has risen sharply, now standing at **$98,000**, which may prevent a severe pullback.

At the time of writing, **BTC is trading at $107,500**, down 0.5% in the last 24 hours.

![Bitcoin](https://s3.tradingview.com/news/image/newsbtc:dbbb0e888094b-4b9600f798901f8b07061fbdb490aaf8-resized.jpeg)

Although Bitcoin (BTC) has recorded slight gains over the past month – up 3.6% in the last 30 days – the leading cryptocurrency is experiencing a lack of Apparent Demand, indicating broader market weakness that could lead to a price slump in the near term.Bitcoin Apparent Demand Enters Negative Ter…

Bitcoin ETF Sees 4-Day Inflow Streak as BlackRock Invests $82M

Summary:

BlackRock's IBIT ETF recorded a significant $82.4 million influx, driving positive momentum in US Spot Bitcoin ETFs.

The influx comes after a week of volatility, with a $174.5 million outflux on June 24th followed by inflows over the next four days.

This week's net outflux of $37.3 million highlights a volatile yet optimistic market with investors adjusting to changing dynamics.

BlackRock's investment signals a shift in investor sentiment, favoring ETFs with potential for growth.

Analysts are keeping a close eye on Bitcoin price movements with warnings of significant liquidations if the price drops below certain levels.

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