BTC spot ETF inflows also continue to recover, with net inflows of $73 million last Friday, the highest daily inflow in two weeks.

Seasonally, BTC has a median return of 9.6% in July and tends to rebound strongly, especially after a negative June (-9.85%), with upward flows last Friday through the end of the month, likely in anticipation of the launch of the ETH spot ETF. Many signs point to a bullish July!