Bitcoin and major altcoins experienced a sharp pullback in futures long exposure on July 2. Coinglass data indicated a sudden shift in trader positioning, potentially leading to higher near-term volatility. On July 3, Bitcoin deposits to exchanges rose to nearly 49,000 BTC, a rare extreme seen only four other times this year. On July 4, researchers at Schwab and Hashdex noted that the AI boom has diverted capital flows away from digital assets. Bitcoin continues to follow a familiar recovery pattern typical of the post-halving period.
