Bitcoin and cryptocurrency exchange-traded funds reversed a multi-week capital flight on July 7, 2026, as renewed inflows helped stabilize digital asset prices.
The digital currency rallied back to the low $60,000 range after hitting a low of $57,717 earlier in the month, according to Yahoo Finance data.
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The recovery follows an unprecedented eight-week stretch of net outflows from U. S.
spot Bitcoin ETFs, which lost over $8.2 billion in total capital, per SoSoValue.
Investors withdrew $526.64 million during the shortened holiday week of June 29 to July 3 alone, marking the longest consecutive outflow streak in crypto ETF history.
The trend broke on July 2 when spot funds registered $221.72 million in positive inflows, ending a 10-day losing streak.
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Corporate Bitcoin proxy MicroStrategy also impacted the market by liquidating roughly $216 million of its cryptocurrency holdings to fund quarterly dividends for its preferred stock offerings.
Analysis from CryptoQuant indicated that while prices recovered toward $63,150, an increase in exchange deposits could signal impending price volatility for traders.
Financial firm Citi lowered its 12-month price forecast for Bitcoin from $112,000 to $82,000, citing weak investor demand and stalled regulatory legislation.
Meanwhile, BlackRock's iShares Bitcoin Trust extended an isolated 11-day outflow streak despite maintaining one of the lowest expense ratios in the spot category.
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Scott Melker, host of "The Daily Wolf," commented on the market shift.
