
Bitcoin ETFs lose over $424M, wiping out last week’s gains as recovery fails first test
Bitcoin ETF demand faltered as withdrawals from IBIT and FBTC overwhelmed the previous week’s inflows.
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Bitcoin faces a 7.5-hour macro stress test as CPI, Fed testimony and renewed Hormuz enforcement threaten to redraw the path around $62,000.

Polymarket odds imply only a 3% chance that Hormuz traffic returns to normal by July 31 as crude approaches $80 a barrel.

BTC fell below $63,000 after new U.S. strikes as oil, the dollar and yields rose and equity futures retreated.

Bitcoin rose above $64,000 during the week, while analysts said one week of ETF inflows was too little to establish a broader demand recovery.

Cantor and BSTR are negotiating revised terms after saying the existing private placements will no longer be required to close, turning the Bitcoin treasury launch into a test of investor demand.

American Bitcoin is betting that mining and accumulating BTC will support its valuation, even as a 1-for-15 reverse split seeks to keep its shares compliant with Nasdaq’s minimum bid-price requirement.



