Bitcoin rebounds to $63,195 as leverage returns

On July 7 Bitcoin recovered to about $63,195, up roughly 6.6% over the prior seven days and clearing the lows from last week’s selloff. Market capitalization stood near $1.28 trillion.

US spot Bitcoin exchange-traded funds moved from net outflows of about $296 million on July 1 to inflows of about $223 million on July 2 and $265 million on July 6. Those figures represent a return of ETF cash to the market.

Futures markets showed rising leverage. Bitcoin futures open interest was about $46.7 billion on July 7 and 24-hour futures trading volume was near $81.2 billion, while 24-hour spot trading volume was near $5 billion.

US payrolls increased by 57,000 in June, with April and May revised down by a combined 74,000 jobs. Market participants note weaker payroll gains can ease upward pressure on interest rates, a variable traders watch for risk assets including Bitcoin.

On-chain metrics indicated a move from aggressive distribution toward a more balanced state, with spot selling pressure easing and long-term holders increasing their share of supply. Liquidation records showed rapid price moves forced short positions to buy back exposure, creating abrupt rebounds over short periods.

Traders are watching whether ETF inflows persist beyond one or two sessions, whether spot trading volume rises relative to futures, and whether buyers defend support in the $61,000–$62,000 area on any retracement.

Short-term performance recovered some losses from last week’s decline. Further price direction will depend on continued participation from spot buyers rather than primarily from leveraged futures activity.