Bitcoin ETF Inflows End Two-Month Outflow Streak

Bitcoin ETFs experienced their best day in two months, ending a 10-session outflow streak. On July 2, Bitcoin funds recorded a fresh inflow of $221.7 million, marking the highest inflow in two months and the first day of net positive flows after 10 consecutive days of outflows totaling $2.73 billion.

The gains were spread across the market rather than limited to Bitcoin alone, with Ethereum, Solana, and XRP also posting decent gains. This made July 2 the strongest session for crypto markets in several weeks.

A short squeeze setup forced the closing of around $281 million in short positions on July 2. In total, this event triggered more than 95,000 liquidation events, according to Coinglass data.