BTC resists broader sell-off pressures as analysts cite reduced leveraged positioning and limited forced selling.
Bitcoin is set to close July with a 7.5% gain, defying expectations amid rising rate-hike fears, higher bond yields, and an AI-driven equity sell-off. The cryptocurrency briefly dipped below $63,000 on Friday but remains above key support levels.
Analysts attribute bitcoin’s resilience to a flush-out of leveraged positions in late June, which reduced forced selling during recent volatility. Equities, by contrast, faced sharper declines as risk appetite waned across broader markets.
Traders now await U.S. jobs data and Federal Reserve guidance to gauge whether spot bitcoin ETF inflows will rebound. The focus remains on macroeconomic signals shaping near-term sentiment.