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Crypto exchanges 08.07: ETF inflows third day running

US spot Bitcoin ETFs attracted roughly 210 million dollars on 7 July - the third consecutive day of inflows, with BlackRock IBIT alone taking 164.3 million. Bitcoin consolidates above 63,000 dollars, Saylor presents a 50 trillion vision at the Goldman Sachs summit, while the Coinbase Premium, negative for 50 days, shows US demand has not yet returned.

Toms Ābeltiņš

8 July 20265 min read

Crypto exchanges 08.07: ETF inflows third day running

Tuesday, 7 July: Bitcoin once again tested the 64,000 dollar resistance and closed the day at 63,229 dollars, holding a weekly gain of roughly seven percent. US spot Bitcoin ETFs attracted funds for the third consecutive day - roughly 210 million dollars, with BlackRock IBIT alone taking 164.3 million, and weekly outflows have shrunk from two billion to 700 million. At the same time, the Coinbase Premium has been negative for 50 days, pointing to weak US demand. Saylor presented a 50 trillion dollar Bitcoin credit vision at the Goldman Sachs London summit. In the region, MiCA’s second week passed without new shocks, while GoPlus reports a 2 million dollar MEV exploit and BONK extends its correction.

Tuesday, 7 July 2026, consolidated the crypto market's cautious recovery: Bitcoin once again tested the 64,000 dollar resistance during the day and closed the session at around 63,200 dollars, while US spot Bitcoin ETFs attracted funds for the third consecutive day - roughly 210 million dollars, of which BlackRock's IBIT alone took in 164.3 million. At the same time, CoinDesk data serve as a reminder that US retail demand remains weak: the Coinbase Premium indicator has been negative for 50 consecutive days. In Europe, the second week of the MiCA regime is under way, and the past 24 hours brought no major new regulatory announcements in the region - attention is shifting to market structure and security incidents.

Market: Bitcoin consolidates above 63,000 dollars

Bitcoin again attempted to break the 64,000 dollar level on Tuesday, but the rally faded once more, and according to Fortune data the day closed at 63,229 dollars - preserving a weekly gain of roughly seven percent from the late-June 21-month low near 58,000. On Wednesday morning the price held around 63,200-63,700 dollars. Ethereum traded near 1,800 dollars, XRP at 1.11 dollars, and total market capitalisation stands at roughly 2.2 trillion dollars. Traders' attention now turns to the US inflation data on 14 July and the Federal Reserve meeting on 28-29 July - rate-cut expectations are one of the main factors sustaining July's recovery.

ETF flows positive for a third consecutive day

US spot Bitcoin ETFs recorded their third consecutive day of inflows on Tuesday, 7 July: according to SoSoValue data, BlackRock's IBIT attracted 164.3 million dollars and Fidelity's FBTC 66.05 million, while ARK's ARKB and Grayscale's GBTC registered small outflows of 10.07 and 10.21 million respectively - a net flow of roughly 210 million dollars in total. On a weekly basis, outflows have compressed from around two billion to roughly 700 million dollars, and IBIT's cumulative net inflows since the start of 2024 are again approaching 17.9 billion. After June, which with 4.5 billion dollars of outflows was the worst month in these products' history, analysts frame the question simply: if inflows hold above 200 million a day for at least another two weeks, this can be considered a genuine return of institutional demand rather than a technical bounce.

Coinbase Premium: the weak spot of US demand

On Tuesday, CoinDesk drew attention to an indicator that calls for caution about July's rally: the Coinbase Premium - the gap between the Bitcoin price on Coinbase and the global average - has been negative for 50 consecutive days. This means US retail and institutional buyers trading through Coinbase are still selling more than buying, and the current rally is largely sustained by demand outside the US and by ETF flows. Historically, a prolonged negative Coinbase Premium has coincided with fragile bounces, which is why some analysts warn that without a return of US demand, July's rally may prove short-lived.

Saylor presents a 50 trillion vision at the Goldman Sachs summit

Strategy co-founder Michael Saylor presented a thesis at the Goldman Sachs London summit on Tuesday for a Bitcoin-based "digital credit" market, whose long-term size he values at 50 trillion dollars, built on Strategy's STRC instrument. The appearance comes at a delicate moment - just days after Strategy sold part of its Bitcoin reserves for the first time in its history. On the US policy front, meanwhile, President Donald Trump's published ethics filing confirms more than 500 million dollars of crypto exposure, including over 100 million in direct Bitcoin wallets, reigniting the debate about conflicts of interest in US crypto policy.

The region: MiCA's second week without new shocks

The past 24 hours passed without major new announcements in the Baltic and Nordic markets - neither Latvijas Banka, nor the Bank of Lithuania, nor Finland's FIN-FSA announced new CASP authorisations on Tuesday. Background processes nevertheless continue: the ESMA register-based CASP Tracker counts 283 licensed service providers, Norway's Firi continues its entry into the Swedish market, and Bybit is gradually restricting Bybit Global access for EEA residents, directing customers to the licensed Bybit EU. Following the Luxembourg CSSF authorisation received on Monday, Ripple can passport payment services across all 30 EEA countries - for the region's users this means yet another licensed alternative in the growing post-Binance market.

Security: a two million dollar MEV exploit and the BONK aftermath

On the decentralised markets side, GoPlus Security reports a trader who lost 2.01 million dollars in a single DEX trade: the router directed the swap through a low-liquidity AVAIL/WETH pool where the trade executed at a 120-times inflated price, and the biggest beneficiary was block builder Titan Builder with 1.8 million dollars. The BONK token continues to correct after Monday's governance attack that threatened 20 million from the community treasury, and has lost roughly 18 percent. The wider picture: according to CryptoRank's tally, 158 hacking incidents were recorded in the first half of the year - a record in number, but total losses of 929 million dollars are far below the 2.3 billion of the first half of 2025.

Macro backdrop: the AI magnet and the yen carry trade

Competition for institutional capital remains unfavourable for crypto: Goldman Sachs this week raised its USD/JPY forecast to 165, signalling a durable yen carry trade whose sharp unwinds have historically hit Bitcoin too, while a wave of AI company IPOs worth roughly 120 billion dollars continues to absorb capital that in other cycles would flow into digital assets. As long as AI infrastructure offers institutional investors a clearer growth story, the crypto market's recovery must rest on ETF flows and hopes of monetary easing.

What this means for users

For the region's users, the day's picture offers three takeaways. First, three consecutive positive ETF days are the strongest recovery signal since May, but the negative Coinbase Premium is a reminder that US demand has not yet returned - the rally's durability will be decided by the flows of the next two weeks. Second, the MiCA environment in the region is stabilising: there are no new shocks, the choice of licensed platforms keeps growing, and competition for former Binance and Bybit Global customers works in users' favour. Third, the MEV exploit with a 120-fold price deviation is a reminder that on decentralised exchanges the user alone is responsible for execution quality - large trades always require checking price impact and routing.

Sources

This article was prepared with the assistance of artificial intelligence. Facts were verified and the text edited by Toms Ābeltiņš. This article does not constitute investment advice.

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