Key Highlights
- BTC recovered to surpass $64,000 following a dip to approximately $62,000 early Monday
- Strategy divested 3,588 BTC totaling $216 million to cover dividend obligations
- BlackRock’s IBIT ETF attracted $209.4 million — marking its first positive flow in several weeks
- Combined U.S. spot Bitcoin ETF inflows reached $265.7 million within 24 hours
- Trump declared himself a “big crypto guy” during a White House announcement
Bitcoin’s value slipped from approximately $64,000 on Sunday down to roughly $62,000 by Monday’s opening hours. This decline followed a SEC disclosure revealing Strategy’s divestment of 3,588 BTC valued at $216 million.
Strategy executed the sale in two tranches. The firm liquidated 1,363 BTC during June 29–30, generating $80.8 million at an average price of $59,256 per token. Subsequently, between July 1–5, another 2,225 BTC were sold for $135.2 million at $60,773 each. Proceeds were allocated toward preferred shareholder dividends and replenishing operational cash reserves.
Michael Saylor’s company simultaneously disclosed an $8.32 billion impairment on digital asset holdings for the quarter concluding June 30. Strategy maintains $1.25 billion in remaining authorized sale capacity.
Sunday’s advance toward $64,000 was predominantly fueled by derivatives activity. Net futures accumulation approached $415 million, while spot market flows registered marginally negative. This imbalance rendered the rally vulnerable, resulting in a swift reversal following Monday’s Strategy disclosure.
Market Reacts to Strategy’s Divestment
Futures liquidation activity surged to approximately $456 million during a concentrated four-hour period after the filing emerged. Liquidations affected both directional positions — roughly $42 million in longs and $49 million in shorts were eliminated.
The subsequent afternoon recovery demonstrated stronger fundamentals. Futures accumulation of approximately $568 million coincided with spot purchases totaling $143 million — representing the first substantial spot participation recently observed.
Bitcoin’s funding rate maintained positive territory despite the selloff, with open futures interest hovering around $20.6 billion. This indicates leveraged long positions remain densely concentrated.
Market analyst Daan Crypto Trades (@DaanCrypto) provided perspective on the movement, highlighting Bitcoin’s recapture of its weekly 200-day moving average closure. He stated he “would not be surprised if price just hangs around this $60K–$70K region for a while,” referencing the concentration of significant timeframe levels within that range and noting summer typically delivers choppy trading conditions.
ETF Capital Returns Alongside Trump’s Crypto Comments
Market sentiment pivoted later Monday when President Trump addressed attendees at a White House ceremony introducing “Trump Accounts” — a government-backed investment program designed for American children. Responding to questions about potential Bitcoin inclusion in these accounts, Trump stated, “well…I’ve become a big crypto guy.”
This statement catalyzed BTC’s recovery above $64,000, with pricing stabilizing around $64,183.
BlackRock’s iShares Bitcoin Trust (IBIT) captured $209.4 million in capital inflows on July 7, representing its first positive session following extended outflow periods. Fidelity’s FBTC, ARK 21Shares’ ARKB, and Grayscale’s Mini ETF contributed additional inflows. Aggregate U.S. spot Bitcoin ETF net inflows totaled $265.7 million for the session — the most robust single-day performance in recent weeks.
Grayscale’s GBTC diverged from the pattern with $44.5 million in redemptions.
IBIT has now accumulated over $60 billion in total inflows. Spot ETF products have registered positive flows across two consecutive trading sessions.
Research firm BIT observed that Bitcoin commenced July with historically favorable seasonal momentum. The firm identifies initial resistance for BTC at $65,955.
The Federal Reserve will publish minutes from its June policy meeting on Wednesday. Current market pricing reflects a 75.6% probability that rates will remain anchored at 3.50%–3.75% throughout July.
