Bitcoin ETFs: $36.47M Daily Outflow Recorded

Bitcoin ETFs recorded a 1D netflow of -588 BTC (-$36.47M) and a 7D netflow of -22,189 BTC (-$1.38B) on July 3 according to Lookonchain data, while Ethereum ETFs posted +6,105 ETH (+$10.65M) for the day yet still -1,915 ETH (-$3.34M) over seven days.

Bitcoin price sits at $62092.08 inside its Bollinger Bands with upper resistance at $62939.46; the 4h structure remains bullish as price holds above the EMA50 support at $60770.44 yet below the EMA200 at $64799.94, and the MACD golden cross at 534.52 keeps momentum intact while RSI at 63.73 shows room before overbought conditions. Sustained ETF outflows often coincide with BTC price prediction adjustments and brief crypto market crash scares, though current technical confluence points to a likely test of the 50-EMA before any continuation higher.