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.
Analysts at Schwab and Hashdex suggest the current decoupling between Bitcoin and record-high equities is a temporary shift driven by AI-focused capital rotation.
Read the full storyBitcoin deposits to exchanges hit nearly 49,000 BTC, a rare extreme seen only four times this year, raising concerns over imminent selling pressure.
Coinglass data reveals a sudden pullback in long exposure for Bitcoin and major altcoins as traders move to de-risk portfolios amid volatility concerns.