BTC Holds $64K: $169M ETF Inflows, Bear Market End Signals, and GENIUS Act Anniversary"



Bitcoin is showing resilience! After dipping to $61,000 earlier this week amid US-Iran tensions, BTC has recovered to around **$64,700–$64,800** — up roughly 1.3% in 24 hours. The market is slowly regaining confidence.

📊 Current Market Snapshot:

· BTC: ~$64,797 (+1.35%)
· ETH: ~$1,861 (+1.16%)
· SOL: ~$74.92 (-2.2%)
· XRP: ~$1.08 (-0.9%)
· Fear & Greed Index: 28 — up from 25 yesterday, officially out of "Extreme Fear"

💰 ETF Inflows Continue for 4th Straight Day!
US spot Bitcoin ETFs saw $132M** in net inflows yesterday — marking the 4th consecutive day of positive flows. Ethereum spot ETFs added another **$36.73M, led by BlackRock's ETHA with $31.68M. Total Bitcoin ETF net assets now stand at **$77.74B** — 6.04% of BTC's market cap.

📈 Is the Bear Market Nearing Its End?
CryptoQuant analyst Darkfost says the short-term holder cost basis has dropped to $69,000 — below long-term holders — triggering a signal that the 9-month bear market may be entering its final phase. This doesn't confirm a bottom, but suggests a potential turning point.

🐋 Whale Activity: BTC → ETH Rotation
Two newly created wallets sold **72 BTC ($4.66M)** and opened **20x leveraged long positions** on 12,000 ETH ($22.4M). A bold bet on Ethereum's upside!

🏛️ GENIUS Act Turns 1 Year Old — But Rules Lag
Today marks the 1-year anniversary of the GENIUS Act being signed into law. However, US regulators have failed to finalize the stablecoin implementation rules within the one-year deadline —多项核心制度仍处于提案阶段. Meanwhile, CFTC Chair Mike Selig vows to push the CLARITY Act forward, calling the US the "global capital of cryptocurrency".

⚠️ Geopolitical Risks Offset CPI Gains
June CPI dropped 0.4% month-over-month — the largest decline in over 6 years — with annual inflation at 3.5% below expectations. But Brent crude surged above $80/barrel due to Middle East tensions, offsetting the bullish CPI surprise.

💡 My Take:
The ETF inflows are encouraging — $169M combined yesterday shows institutional demand is real. The Fear & Greed Index moving out of "Extreme Fear" is another positive sign. However, geopolitical risks and the CLARITY Act stall in the Senate (passage odds now ~31%) are keeping a lid on prices.

🔑 My Strategy:
I'm cautiously optimistic. The bear market may be nearing its end, but I'm watching $65,000 closely — a clean break above with volume could open the door to $67,000–$68,000. Tight stop-losses and patience.

What's your move? Are you buying this dip or waiting for clearer signals? Let me know below! 👇

#SummerCreationCamp
BTC1.76%
ETH1.12%
SOL0.41%
XRP2.78%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned