Crypto names staying strong near highs. $IBIT etf up 5% with likely a lot of new quarter inflows for the Bitcoin funds
US, Germany Move Over $100 Million in Bitcoin as Market Braces for Impact ► https://t.co/qfWgphF5Ne https://t.co/qfWgphF5Ne
June highlights. BTC -7% on the month, which I think makes sense given the supply overhang fears. ETH -9% pretty weird though, given we're likely right around the corner from spot ETFs trading. Bring on July! https://t.co/4ywS31p44D








Bitcoin spot ETFs have seen a significant inflow, with BlackRock's IBIT leading with $73 million in daily net inflows. This marks the highest daily inflow in two weeks and contributes to a four-day inflow streak. The German government has also moved an additional $94 million worth of Bitcoin to exchanges, raising concerns among traders. Despite these movements, Bitcoin's historical data suggests a potential rebound in July, especially after a nearly 10% loss in June. The US government is also moving significant amounts of Bitcoin, adding to market volatility. Bitcoin and other cryptocurrencies are experiencing price swings, with traders closely monitoring the US economy. Additionally, $80 million worth of Bitcoin was transferred by the German government, and an anonymous market participant bought $450 million on Binance. Bitcoin has a median return of 9.6% in July, typically bouncing back strongly after a negative June.