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CryptoMedium•2 July 2026•

1 min read

Bitcoin Reclaims $61,000 as Long-Term Holders Absorb ETF Selling Pressure

Key Facts

1Bitcoin price reclaimed levels above $61,000 driven by accumulation from long-term holders.

2Reports from Glassnode and Bitfinex highlighted underlying buying activity despite persistent ETF outflows.

In a move reflecting digital asset resilience against institutional selling pressure, Bitcoin price reclaimed levels above $61,000 driven by significant accumulation from long-term holders. Reports from Glassnode and Bitfinex highlighted underlying buying activity that is effectively absorbing market supply, despite persistent outflows from spot Bitcoin ETFs. This rebound underscores the capacity of dedicated investors to offset the selling pressure originating from spot investment products.

Version History

2 additional sources confirmed this story

This recovery coincides with mixed performance across related assets, with MicroStrategy (MSTR) trading near $61684.01 and Coinbase (COIN) at $225 per market data, suggesting cautious optimism within the crypto sector. Compared to the previous quarter, search data indicates that long-term holder supply has reached historic highs, reinforcing price stability above critical psychological support zones.

Traders should monitor current liquidity levels for Bitcoin, which stood at $61,240 (at close July 2, 2026). Looking at the economic calendar, upcoming speeches from Federal Reserve officials may impact risk appetite for digital assets, especially as markets await U.S. inflation data and its effect on the Dollar's strength, serving as a key catalyst for price action in the coming days.