This week the Bitfinex Alpha report exposed how bitcoin often lingers in a 5-to-6-month bear stretch beneath the short-term holder realized price 🕸️. July hits month 5 so the final stretch feels close yet the shadows linger.
BTC Closes Its Five-Month Bear Phase 🦇
Positive July vibes might spark the rebound but macro chills like the June U.S. CPI and Middle East tension could still bite. The window ending alone won’t seal any recovery without demand and macro stars aligning 🌑. BTC already swallowed mega corporate sells and fresh geopolitical heat while holding steady between 61300 and 64700. Resilience got a boost once spot Bitcoin ETFs snapped their 9-week outflow streak with 197.4 million in net inflows 🖤. Even with that institutional pulse BTC keeps one eye on the broader storm.
Spot ETFs Shatter The Outflow Drought 💀
Inflows landed mostly on calm days and faded when tensions spiked so the floor still feels fragile. Watch the 30-day SMA of ETF net inflows to track real institutional direction where redemptions hit 88.9 million daily. The next SMA moves will reveal if July’s edge can overpower macro noise in the weeks ahead 🌹.
Just another echo from the void by iconofsin.eth 💖
