Bitcoin Pauses for a Dramatic Breath Amidst Patriotic ETF Inflows 🎉💰

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Oh, what a weekend it has been! Bitcoin, the darling of the digital world, found itself in a rather tight spot on Saturday, July 5, as the recent recovery took a little breather during the US Independence Day Weekend. 🎇

Our dear Bitcoin (BTC) was trading at a modest $108,000, a slight dip from this week’s high of $110,000, but still a respectable 10% above the lowest point this month. One mustn’t forget, after all, that even the most glamorous of assets need a moment to catch their breath.

Spot Bitcoin ETFs, those darling financial instruments, continued their stellar performance this week, with their cumulative inflows soaring by a rather impressive $769 million. That’s a bit of a comedown from the $2.2 billion the previous week, but one mustn’t be too hasty to judge. After all, this week had only four U.S. trading days, in observance of Independence Day — a federal holiday in the United States. 🇺🇸

These ETFs have now experienced cumulative inflows of $49 billion, and it’s quite the spectacle to watch as they inch ever closer to the $50 billion mark. BlackRock’s iShares Bitcoin Trust, with its charming ticker IBIT, has had cumulative inflows of $52.6 billion. IBIT now holds over $76.5 billion in assets, making it one of the biggest ETFs in the United States. It has recently passed the iShares Core S&P Total US Stock Market ETF and the iShares Russell 2000 ETF, ranking it in eighth position among all BlackRock ETFs. Observers note that the fund is likely to reach the $80 billion milestone soon. Quite the achievement, wouldn’t you say?

IBIT has been the fastest-growing ETF ever and is continuing to close the gap with the SPDR Gold Trust, which has $101 billion in assets. GLD, established in 2004, must be feeling a bit of a chill down its spine. 🥶

Bitcoin Demand Continues to Rise, Much to the Delight of Corporations

The number of Bitcoin treasuries established by corporations is gaining momentum. Strategy is leading the way with 597,325 coins. These companies now hold 848,902 coins. It’s a veritable treasure trove!

Bitcoin Treasury Boom!

51 companies have already added Bitcoin to their treasuries. This shows a clear uptrend.

Dive into all the details in this thread 🧵👇

— CryptoQuant.com (@cryptoquant_com) July 3, 2025

The rising demand for Bitcoin is occurring at a time when the supply on exchanges has dropped to 1.2 million, from a year-to-date high of over 1.5 million. It’s a bit like a game of musical chairs, but with a digital twist.

Recently, shareholders of Vanadi Coffee approved a strategy to acquire more Bitcoin for its balance sheet. The publicly-listed chain, which currently operates six cafes based only in Alicante, now aims to become the largest Spanish company with a Bitcoin treasury. Ambitious, one might say!

Swedish gaming and web3 company Fragbite Group is also establishing a Bitcoin treasury to ‘future-proof’ its balance sheet. The firm has even appointed a dedicated director to oversee its Treasury operations. It’s all very exciting, isn’t it?

Bitcoin Price Technicals Point to a Rebound

The daily chart suggests that Bitcoin may be a coiled spring, ready to pounce. It has remained above the 200-day Weighted Moving Average and formed two unique patterns that often lead to more gains. It has formed a cup-and-handle pattern and is now in the latter section. It has also formed a bullish flag pattern, which has a tall vertical line and a falling channel.

Therefore, the most likely scenario is where Bitcoin breaks out and surges to a high of $144,000 in the coming months. A drop below the lower side of the flag section will invalidate the bullish outlook. But let’s not get ahead of ourselves, shall we? After all, the market is a fickle mistress. 🌹

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2025-07-05 21:40