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Bitcoin ($BTC) and Ether ($ETH) pushed higher on renewed dip-buying pressure after both assets pulled back to multi-year lows, with spot Bitcoin exchange-traded funds recording a combined $221 million in net inflows on July 2 — the clearest demand signal to emerge in this leg of the market downturn.
ETF Flows Point to Institutional Re-Entry The $221 million single-day inflow into spot Bitcoin ETFs is the number that matters most in this rally.
Retail sentiment trackers were sitting at extreme-fear readings at the time, a zone historically associated with capitulation rather than accumulation.
That institutional products absorbed a significant volume of fresh capital while fear gauges were still flashing red suggests the buyers driving this move are not reactive retail participants.
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