July 3rd Futures Market Dynamics

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Bitget2024/07/03 05:44

By:Bitget

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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