BTC Rebounds Above $115K Amid ETF Inflows and Market Stabilization
Market Overview
Bitcoin (BTC) is currently trading at over $115K after recovering from a selloff that liquidated over $1 billion in leveraged longs, with BTC briefly hitting $113K. This rebound coincides with reported net inflows of $18.74 million by Bitwise, indicating potential stabilization in institutional flows.
Key Market Movements
- BTC's recent decline was influenced by weak U.S. jobs data and new tariffs from Washington, leading to heightened risk aversion across markets.
- Altcoins suffered significant losses, with SOL dropping nearly 20% and ETH declining close to 10% over the week.
- Market sentiment remains cautious, with a 49% probability assigned to BTC dipping below $100K by the end of 2025.
- Despite the volatility, QCP Capital views the selloff as a leverage flush rather than a trend reversal, citing BTC's high monthly close in July.
- The next market catalyst may emerge as U.S. issuers report flows, influencing ETF inflows and possibly easing macro concerns.
Current Prices
- BTC: Trading above $115,000.
- ETH: Holding steady around $3,700 with expectations of breaking above $4,000 in August.
- Gold: Reached a two-week high amid soft U.S. economic data, with an 86% chance of a Fed rate cut priced in.
- Nikkei 225: Opened higher by 0.54% following U.S. tariff announcements.
- S&P 500: Rose 1.47%, marking its best session since May.