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Bitcoin Price Analysis (JULY): Why $58,500 Could Be the Last Quarterly Low

2026-07-03 02:37:09

Bitcoin recently closed at $58,500, its lowest point of the quarter, and the explanation most analysts reached for was macro pressure, ETF outflows and institutional fear. Gareth Soloway, Chief Market Strategist at Verified Investing, has a different read that most people have not considered. A significant portion of last week’s selling had nothing to do with Bitcoin’s fundamentals and everything to do with fund managers cleaning up their quarterly statements.

BTC0.89%

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