Bitcoin (BTC.X) (BTC) pushed back above $62,000 on July 3, 2026, touching $62,295 on Bitstamp — its highest price in nine days. The move came during the U.S. Independence Day holiday period, with bulls sustaining upward pressure as global risk assets rallied.
Analyst Daan Crypto Trades pointed to the 200-week simple moving average (SMA), sitting at $62,652, as the level to watch. “It is key for BTC now to hold this breakout and maintain its low timeframe bullish market structure,” he wrote on X. He called the current trading zone “important” for the weekly candle close.
X commentator Exitpump noted “controlled slow buying” on exchanges and flagged the $62,000–$62,500 range as “a strong resistance area” to watch for continuation.
Spot ETF Flows Flip Positive
The bigger catalyst came a day earlier. On July 2, U.S. spot Bitcoin ETFs recorded $221.7 million in net inflows — the largest single-day intake in over two months. This ended a 10-day outflow streak that had pulled more than $2.7 billion from the products through June.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) led with roughly $166 million in inflows. ARK 21Shares Bitcoin ETF (ARKB) followed at approximately $92 million. BlackRock’s iShares Bitcoin Trust (IBIT) bucked the trend with a modest $40.4 million outflow.
Analyst Daan Crypto Trades shared his take on the shift: “$BTC ETF flows finally flipped positive after a 10-day outflow streak and roughly $4.5B of outflows in June. $221M came in on July 1. That’s not massive, but the streak ending does matter.” He also noted that BTC holding the ~$60K region through the outflows suggested meaningful absorption had taken place, which would become relevant if price continued higher.
Macro Conditions Support the Move
Global equities also provided a tailwind. The Dow Jones closed at record highs on July 3, and the global stock market cap hit new all-time highs, according to The Kobeissi Letter.
Weaker-than-expected U.S. nonfarm payrolls data also played a role. Mosaic Asset Company noted the report was a “Goldilocks” figure — not weak enough to raise growth fears, not strong enough to bring more rate hikes forward. CME Group’s FedWatch Tool showed roughly equal odds of a Fed pause or hike at the September meeting.
Despite the price recovery, the Crypto Fear & Greed Index remained in “extreme fear” territory. Bitcoin’s realized price sits near $53,000, with roughly half of circulating supply currently in profit.
BTC was trading around $62,400–$62,500 as of early July 4, up approximately 2% over 24 hours.
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