Bitcoin slipped under $60,000 after a stronger U.S. jobs report reduced expectations for Fed rate cuts. More than $1.7 billion in crypto positions were liquidated, while spot Bitcoin ETFs posted a modest net inflow after 13 straight sessions of outflows.
ETH remains in a firm downtrend after a sharp selloff. Technical and flow indicators point to a corrective bounce rather than a reversal, making a February move back to $3,000 look increasingly unlikely.
CryptoQuant data show Binance’s Ethereum reserves climbed from 3.64 million ETH to 3.87 million ETH since late June, while average large trade size fell from about 1,500 ETH to 1,000 ETH.
Analyst Doctor Profit says Bitcoin’s rebound does not signal a trend reversal. He points to a broader bearish setup, active short positions, and the need for BTC to hold $66,000 to keep the current recovery intact.
BNB traded at $620.15 after a 2.87% daily drop. MACD shows early improvement, but ADX still points to a strong downtrend, with traders watching support at $614 and $588.17.
XRP traded near $1.40 after retreating from this week’s highs, with weak technicals and global risk aversion offsetting a regulatory shift that classified the token as a digital commodity.
Ethereum hovered near $1,615 on July 2 as spot ETF flows turned positive again and staking crossed 33%. Traders are still watching the $1,700 to $1,800 zone for stronger confirmation of a recovery.
XRP stayed above $1.40 with a near 5% daily gain as Bitcoin climbed past $74,000. Spot Bitcoin ETFs posted $225 million in net inflows, helping lift total crypto market value close to $2.45 trillion.
