{"id":5095,"date":"2025-07-05T18:31:59","date_gmt":"2025-07-05T18:31:59","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-takes-a-breather-as-independence-day-etf-inflows-hit-769m\/"},"modified":"2025-07-05T18:32:07","modified_gmt":"2025-07-05T18:32:07","slug":"bitcoin-takes-a-breather-as-independence-day-etf-inflows-hit-769m","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-takes-a-breather-as-independence-day-etf-inflows-hit-769m\/","title":{"rendered":"Bitcoin takes a breather as Independence Day ETF inflows hit $769m"},"content":{"rendered":"
\n

Bitcoin price was stuck in a tight range on Saturday, July 5, as the recent recovery faded during the US Independence Day Weekend.<\/p>\n

Bitcoin (BTC) was trading at $108,000, lower than this week\u2019s high of $110,000, and 10% above the lowest point this month.\u00a0<\/p>\n

Spot Bitcoin ETFs continued their strong performance this week, with their cumulative inflows soaring by $769 million. That\u2019s down from $2.2 billion the previous week. The weekly decline is partially due to the fact that this week had four U.S. trading days, in observance of Independence Day \u2014 a federal holiday in the United States.\u00a0<\/p>\n

These ETFs have experienced cumulative inflows of $49 billion, indicating that they may surpass the $50 billion mark next week. BlackRock\u2019s iShares Bitcoin Trust, whose ticker is IBIT, has had cumulative inflows of $52.6 billion.<\/p>\n

IBIT now holds over $76.5 billion in assets, making it one of the biggest ETFs in the United States. It ranks in eighth position<\/a> among all BlackRock ETFs as it recently passed the iShares Core S&P Total US Stock Market ETF and the iShares Russell 2000 ETF. <\/p>\n

Observers note that the fund is likely to reach the $80 billion milestone soon.<\/p>\n

IBIT has been the fastest-growing ETF ever and is continuing to close the gap with the SPDR Gold Trust, which has $101 billion in assets. GLD was established in 2004.<\/p>\n

Bitcoin demand continues rising<\/strong><\/h3>\n

The number of Bitcoin treasuries established by corporations is gaining momentum. Strategy is leading the way with 597,325 coins. These companies now hold 848,902 coins.<\/p>\n

\n
\n
\n

Bitcoin Treasury Boom!<\/p>\n

51 companies have already added Bitcoin to their treasuries. This shows a clear uptrend.<\/p>\n

Dive into all the details in this thread \ud83e\uddf5\ud83d\udc47 pic.twitter.com\/L5vt9u74fj<\/a><\/p>\n

\u2014 CryptoQuant.com (@cryptoquant_com) July 3, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

The rising demand for Bitcoin is occurring at a time when the supply<\/a> on exchanges has dropped to 1.2 million, from a year-to-date high of over 1.5 million.\u00a0<\/p>\n

Recently, shareholders of Vanadi Coffee approved a strategy to acquire more Bitcoin for its balance sheet. The publicly-listed chain that currently operates six cafes based only in Alicante, now aims to become the largest Spanish company with a Bitcoin treasury.<\/p>\n

Swedish gaming and web3 company Fragbite Group is also establishing a Bitcoin treasury to \u2018future-proof\u2019 its balance sheet. The firm has also appointed a dedicated director to oversee its Treasury operations.<\/p>\n

<\/p>\n

Bitcoin price technicals point to a rebound<\/h3>\n
<\/source><\/p>\n<\/picture>
BTC price chart | Source: crypto.news<\/figcaption><\/figure>\n

The daily chart suggests that Bitcoin may be a coiled spring, ready to pounce. It has remained above the 200-day Weighted Moving Average and formed two unique patterns that often lead to more gains.<\/p>\n

It has formed a cup-and-handle pattern and is now in the latter section. It has also formed a bullish flag pattern, which has a tall vertical line and a falling channel.\u00a0<\/p>\n

Therefore, the most likely scenario is where Bitcoin breaks out and surges to a high of $144,000 in the coming months. A drop below the lower side of the flag section will invalidate the bullish outlook.<\/p>\n

<\/p><\/div>\n