July 3rd Futures Market Dynamics

Bitget2024/07/03 05:44

By:Bitget

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U.S. Bitcoin ETFs Record Largest Daily Inflows Since Early June

On Monday, U.S. spot bitcoin ETFs saw net inflows of $129.45 million, the largest daily intake since June 7, marking the fifth consecutive day of positive flows. Fidelity’s FBTC led with $65 million, followed by Bitwise’s BITB with $41 million. Ark Invest and 21Shares’ ARKB reported $13 million, while funds from Invesco, Galaxy Digital, VanEck, and Franklin Templeton saw inflows around or under $5 million. Notably, BlackRock’s IBIT and Grayscale’s GBTC, the largest spot bitcoin ETFs by net asset value, recorded no flows. Monday’s trading volume for the 11 bitcoin funds totaled about $1.36 billion. Since January, these ETFs have accumulated $14.65 billion in net inflows.

Bitcoin’s price dipped 0.3% in the past 24 hours to $63,094, recovering from last week’s brief drop below $60,000 but still lower than its early June level of over $71,000. Analysts from QCP Capital and Coinbase noted that both bitcoin and ether typically perform better in July due to historically positive seasonality.

Source: The Block

Futures Market Updates

BTC futures show an increase in total open interest by 0.24% to $32.88B, with a significant 24-hour volume increase of 24.20% to $45.37B. ETH futures, on the other hand, see a decrease in total open interest by 1.05% to $14.91B, though their 24-hour volume increased by 16.60% to $17.07B. BTC futures had higher long liquidations ($31.04M) compared to ETH ($29.57M), with similar short liquidation amounts for both. The long/short ratios are close, with BTC at 47.05%/52.95% and ETH at 46.29%/53.71%. Both funding rates are positive, though BTC's is slightly higher at 0.0080% compared to ETH's 0.0061%.

Bitcoin Futures Updates

Total BTC Open Interest: $32.88B (+0.24%)

BTC Volume (24H):$45.37B (+24.20%)

BTC Liquidations (24H): $31.04M (Long)/$3.70M (Short)

Long/Short Ratio: 47.05%/52.95%

Funding Rate:0.0080%

Ether Futures Updates

Total ETH Open Interest: $14.91B (-1.05%)

ETH Volume (24H): $17.07B (+16.60%)

ETH Liquidations (24H): $29.57M (Long)/$3.29M (Short)

Long/Short Ratio: 46.29%/53.71%

Funding Rate: 0.0061%

Top 3 OI Surges

CHR: $13.36M (+70.53%)

OMNI1: $959.33K (+67.58%)

IOST: $10.92M (+66.57%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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J.P. Morgan believes that an interest rate hike does not signify the end of the bullish logic for US stocks, as AI capital expenditures and corporate profits can still support the equity market. However, fiscal deficits, bond supply, and geopolitical risks will continue to drive up long-term interest rates. The real concern is the rapid approach of the 10-year US Treasury yield to 5.5%-6%, at which point high-valuation growth stocks could face significantly increased pressure.

华尔街见闻•2026/09/18 10:07