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Bitcoin steadies above $62,000 as spot ETF inflows turn positive
CoinDesk says U.S.-listed spot bitcoin ETFs saw their first net inflows in eight weeks, totaling $197.4 million last week.
Bitcoin has held above $62,000 even as broader markets weaken and U.S.-Iran tensions rise, a pattern analysts say points to waning panic selling and fewer marginal sellers in the spot market, according to CoinDesk.
CoinDesk reports that U.S.-listed spot bitcoin exchange-traded funds recorded net inflows of $197.4 million last week, the first positive week after eight straight weeks of outflows, which market participants view as confirmation that seller availability is shrinking.
CoinDesk also notes that spot selling pressure appears to have eased based on Glassnode data cited in the story, with June’s net selling averaging nearly 2,000 BTC per day versus 53 BTC per day in July, the calmest month of 2026 mentioned by the outlet.
Some analysts caution that the latest price stability may be driven more by speculative futures trading than by sustained spot demand, CoinDesk reported, even as spot ETF flows and reduced spot activity suggest a shift away from forced selling.
Latest closeBitcoin $62,122.30 ▼2.6%