Bitcoin rises 6% after $925M net-buying day

Bitcoin gained about 6% this week following a $925 million net-buying day on July 15 and two days of spot ETF inflows totaling $288.7 million. The market’s Fear & Greed Index remained at 26, in the “Fear” range.

A running tally of buy and sell orders recorded the $925 million net-buying event on July 15. Spot Bitcoin ETFs added $181 million on July 14 and $107.7 million on July 15. That order flow coincided with a partial recovery from the post-CPI pullback in price and open interest.

Funding rates for Bitcoin futures traded mostly between 0.10% and 0.22% for much of the week and then cooled to about 0.048%. Open interest fell roughly 3.4% from Tuesday’s peak while the spot price was down about 1.5% over the same short stretch, indicating a reduction in leverage.

Bitcoin was trading near $63,200, about 1.5% above a cluster of potential long liquidations and roughly 4.4% higher than a recent low near $62,100. Spot ETF flows were positive over the two-day stretch but remain negative on the year.

Several broader developments were in play this week. Hostilities between the U.S. and Iran resumed, oil futures rose above $85 a barrel, and market pricing placed the probability of a Federal Reserve rate hike by September 2026 above 44%.

Market participants offered differing takes on recent activity. Some traders view sustained positive flows with low sentiment as a contrarian signal, while others pointed out that two days of confirmed buying do not establish a trend and recommended waiting for additional confirmation.

Traders and analysts said they will monitor ETF flows, order flow momentum, funding rates and open interest to see whether the recent inflows can be sustained amid ongoing macro and geopolitical risks.