The current bitcoin ETF flows in the United States reversed, with a one-day net inflow of $221.7 million, ending 10 consecutive trading days. As United States economic data weakened and market concerns about the continued tightening of the Fed’s policy subsided, bitcoin recovered significantly from its low point this week.

A single-day inflow is almost two months high.

According to SoSoValue, this net inflow was the strongest single-day performance in the last two months. Prior to 10 trading days, the cumulative outflows of such products were close to $2.7 billion. Bitcoin fell by $58,000 earlier this week and then repositioned on $61,000.

According to the text, the most recent BTC price is close to $6.25 million, with a rebound of about 7.7 per cent at a lower point than within the week. This round-up coincided with the return of ETF funds, showing that some of the funds were re-entering the product after the price back.

Weaknesses in employment data led to emotional recovery

United States Department of Labor data show that in June, 57,000 new people were employed in non-farm employment, significantly below the market expectations of approximately 110,000. At the same time, the statement of the Federal Reserve referred to in the text was interpreted by the market as a reduction in in inflationary pressures and a further decline in the expected interest rate hike, with the resulting weakening of the United States dollar.

In this context, risk-asset sentiment has returned. Bitcoin was supported, and the demand for spot ETFs improved. In addition to bitcoin, the U.S. F.E.E.F. also benefited from emotional repairs, with a net inflow of $14.9 million on Wednesday and a further $29.1 million on Thursday.

  • Bitcoin spot ETF One-day net inflow $221.7 million
  • Prior to 10 trading days cumulatively, nearly $2.7 billion
  • BTC, lower than a week, about 7.7%.

July's history is getting more attention.

In addition to macro-level factors, some marketers are revisiting the historical performance of bitcoin in July. The analyst, Cyclop, stated on platform X that bitcoin recorded an increase of more than 20 per cent in July in Bear City in the past, according to CoinGlass monthly returns.

Another analyst, Ardi, believes that the current round of bitcoin adjustments may have entered the latter part. At the same time, however, the article notes that the direct trigger for the return of Thursday ' s ETF funds is still the latest United States economic data and expected changes in interest rates, rather than mere seasonal statistics.