Bitcoin ETF Outflows Recede, $70,000 BTC Next?

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Bitcoin ETF outflows are receding, Galaxy Research said in a recent tweet. This is substantiated by Galaxy Research's US spot ETF net flows (30-day rolling) and cumulative total indicator, which saw a reversal after plunging deeply into negative territory. Advertisement The receding of Bitcoin ETF outflows is also substantiated by the 'Bitcoin ETF flows by issuer' indicator. According to the chart shared by Galaxy Research , U.S. spot Bitcoin ETF flows by issuer climbed higher from a deeply negative zone reached earlier in the year. Bitcoin ETF outflows are receding pic.twitter.com/lkJnd2daRT — Galaxy Research (@glxyresearch) July 10, 2026 Bitcoin ETF inflows turned positive this week after two months of consistent outflows, marking the first net inflow period in the recent cycle. This shift suggests potential stabilization in institutional Bitcoin demand after a prolonged period of redemptions. Advertisement You Might Also Like Sat, 07/04/2026 - 13:50 Bitcoin Rebounds as ETFs Finally Break Ten-Day Outflow Streak By Caroline Amosun HOT Stories XRP Finally Back, Shiba Inu (SHIB) Up With 263 Billion Surge, Does Bitcoin (BTC) Need This Level? Crypto Market Review XRP Has 'No Tangible Adoption,' Chainlink Community Lead Says According to SoSoValue data, U.S. spot Bitcoin ETFs recorded total net inflows of $90.44 million on July 10, while U.S. spot Ethereum ETFs recorded total net inflows of $18.43 million on the same day. Bitcoin to $70,000? Bitcoin is currently trading at $64,100 after recovering from a low of $61,453 on July 8. The next barrier for price to surmount is $65,136, coinciding with the daily MA 50, which once surpassed might open the pathway to the $70,000 psychological level. Advertisement You Might Also Like Sun, 07/05/2026 - 14:45 Dormant Bitcoin From 2011 Moves After 14 Years, Up Over 700,000% By Tomiwabold Olajide The $70,000 level remains significant as it is the upper band of Bitcoin's current range, which analysts say is now the third longest period spent in any $10,000 price band in Bitcoin's history, behind only the $10,000–$20,000 and $20,000–$30,000 bands. In the options market on Deribit, put skews continue to weaken as Bitcoin's recent price rebound eased downside concerns. Calls at $62,000, $65,000, and $67,000 are among the most-traded instruments, along with the $56,000 put. The market is currently flashing mixed signals. Bitcoin ETFs still remain in the negative zone despite total net outflows easing. While continuous whale accumulation suggests positivity, a broad-based market bottom is yet to be confirmed. #Bitcoin