Bitcoin fell below $64,000 after reaching nearly $67,000 mid-week, dropping its market cap to $1.285 trillion and triggering $312 million in total crypto liquidations. Bitcoin Reverses Gains as Liquidations Mount Bitcoin briefly slipped below $64,000 on Friday, positioning the top cryptocurrency to end the week flat after nearly reaching $67,000 on Wednesday.
The crypto market saw a steady advance higher earlier this week, helped by bullish spot ETF flows and BTC's momentum.
US spot Bitcoin ETFs recorded $225 million in net outflows on July 23, ending a seven-session inflow streak as net redemptions from BlackRock's iShares Bitcoin Trust dominated the reversal. IBIT posted a $202 million net outflow, accounting for 89.96% of the US spot Bitcoin ETF sector's aggregate net outflow.
The Singapore-based pool never recovered from freezing withdrawals in 2022. Now it's auctioning off its last Texas mining sites to pay back 11,700 users still holding IOUs.
Institutional funds increased their average position in STRC by 105%, reaching $3.5 million per fund, according to Strategy's latest disclosure. BlackRock and VanEck led a $756 million inflow into the preferred security STRC, displacing retail investors from the asset.
Although Bitcoin is yet to regain momentum, trading consistently in a downside trajectory, it appears that its long-term holders are stepping into the market again.
Strategy Inc. launches Net Bitcoin Per Share metric, subtracting $22.3B in senior claims from its $55.6B Bitcoin treasury to show common Strategy debuts Net Bitcoin Per Share metric to strip away the noise for common shareholders.
KULR Technology sold 333 Bitcoin for $21.5M to fully repay its Coinbase credit facility, leaving the company with 760 BTC and a debt-free balance KULR Technology sells 333 Bitcoin to repay $20M Coinbase credit facility.
Bitcoin long-term holders accumulated a record 1.29M BTC as on-chain data signals renewed conviction and improving bullish momentum.
The firm says its "digital credit" shift needs new yardsticks that strip out debt and preferred claims to show what common shareholders own.
BlackRock's IBIT led the exit as Bitcoin briefly dipped under $65,000 and stocks fell on renewed US-Iran hostilities—though the week still closed in the green.
U.S. spot bitcoin ETFs recorded $225.18 million in net outflows on Thursday, ending a seven-session inflow streak. Ether funds moved in the opposite direction, adding $26.32 million on the second anniversary of their market debut.