Bitcoin struggled to gain momentum on Friday despite tis week’s robust spot ETF inflows.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$63,125
Ethereum	(CRYPTO: ETH)	$1,870
Solana	(CRYPTO: SOL)	$73.29
XRP	(CRYPTO: XRP)	$1.06
Dogecoin	(CRYPTO: DOGE)	$0.06999
Shiba Inu	(CRYPTO: SHIB)	$0.054744

Notable Statistics:

• Coinglass data shows 94,015 traders were liquidated in the past 24 hours for $359.33 million.      
• SoSoValue data shows net inflows of $233.1 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $13.3 million.
• In the past 24 hours, top gainers include MemeCore, Audiera and Pump.fun.

Notable Developments:

• Michael Saylor Says SpaceX, Google and Meta’s AI Spending Is a ‘Headwind’ for Bitcoin
• Michael Saylor Says Strategy’s Next $1 Trillion Opportunity Isn’t Bitcoin
• Bitcoin, Ethereum Flash Bearish Signals: Are $60,000 And $1,700 Next?
• HOOD Could Rally 85% as Tokenization, Prediction Markets Fuel Crypto Growth: Bernstein
• CLARITY’s Chances Are 50-50, Bitwise Exec Says: ‘The Industry Will Be too Big to Kill’
• Bitcoin’s 10% July Rally May Be the Prologue of an August Pullback, Expert Warns

Trader Notes:

CryptosBatman says Bitcoin’s broader market structure is weakening as it continues to form lower highs while holding a key trendline support. A confirmed breakdown below that support could trigger a move toward the $58,000 level.

Trader KillaXBT notes Bitcoin has fallen 2.8% since the FOMC meeting, in line with historical post-FOMC weakness.

Since six of the last seven FOMC events saw average declines of 4%–5%. The analyst expects a possible retest of the $60,000–$61,000 range, warning that a break below $60,000 could trigger a sweep of the recent lows.

Michael van de Poppe explained that Bitcoin often sees a pullback on the last trading day of the month, even when broader market strength remains intact.

He views the current retracement as a normal range-bound move, advising investors to accumulate during weakness, stay patient, and avoid overreacting to short-term volatility.

Image: Shutterstock