๐คฏFun Fact Thursday!
Did you know?
If Bitcoin were a country, its monetary policy would be more predictable than that of any government on Earth.๐
No surprise meetings.
No emergency printing.
No changing the rules halfway through.
Just code. Blocks. And time.โณ
๐จ๐บ๐ธ CLARITY ACT ๐บ๐ธ๐จ
All signs point to President Trump signing the CLARITY Act before August.
If the legislative timeline stays on track, the U.S. could soon enter a new era for digital assets.
The countdown continues. โณ
๐ Daily Bitcoin Report July 8, 2026
๐ PRICE ACTION
Open: $63,322 | High: $63,720 | Low: $61,453
Current: ~$62,162 | Change: โ1.83% (candle still open)
Second straight red day. The pullback finally arrived todayโs low actually pierced the 20-day SMA intraday before buyers stepped back in. This is the test.
๐ TECHNICAL READ
Trend Exhaustion: 88.34 still climbing into extreme overbought even as price pulls back. The reading that called every local top this correction is now at its highest level of the year. Cooling off here is the healthy outcome.
Lower BB: $58,278 | SMA: $61,822 | Upper BB: $65,365
A daily close below $61.8K opens the door to $59,700, with $56,550 below that. Holding the SMA keeps the recovery structure alive this close matters more than any this week.
๐ ON-CHAIN / FLOWS
โ ETF inflows hit day three: +$21.4M Tuesday after +$265.7M Monday first three-day positive streak since early May, snapping an eight-week run that drained over $8B. IBIT led (+$54.8M) while Fidelity bled ($24.9M out). The streak held, but the pace is fading.
โ Coinbase Premium negative for a record 50 straight days, Bitcoin is cheaper on Coinbase than globally, meaning US spot demand still hasnโt shown up. ETF bids are doing all the lifting.
โ Average ETF buyer cost basis sits near $83,800 per Glassnode most institutional capital is deep underwater, which explains the redemption pressure all year.
โ Liquidations slowed to $345M, with $240M of it longs late chasers punished on the dip.
๐ฐ TODAYโS NEWS
1/ Middle East escalation: Iranโs Revolutionary Guards struck US military sites in Bahrain and Kuwait overnight, retaliating for US strikes that followed the tanker attacks in Hormuz. Crude jumped 5%, and a July 17 oil deadline now looms. Rising oil complicates the cooling-CPI thesis heading into next Tuesdayโs print.
2/ Citi cut its 12-month Bitcoin target from $112K to $82K, citing tighter financial conditions even as the same institutionsโ ETF clients started buying again this week.
โ๏ธ WHERE WE STAND
This is the pullback the exhaustion reading demanded the question is only whether itโs shallow or deep. Bulls have the ETF streak and a defended 20-day SMA; bears have a channel rejection, record-weak US spot demand, and a fresh geopolitical oil shock threatening the disinflation story.
Stay Informed ๐
Every asset has its narrative:
$BTC โ Digital money
$ETH โ World Computer
$XRP โ Global payments
$SOL โ High performance
$HYPE โ Onchain trading 24/7
$LINK โ Tokenization & oracles
$SUI โ Next gen infrastructure
$AVAX โ Mass customization
๐บ๐ธ Senator Lummis just said this is America's LAST CHANCE to pass Bitcoin Clarity until 2030 or another country WRITES THE RULES!!! ๐ฑ๐ฑ๐ฑ
IS 2030 TOO LATE FOR AMERICA TO LEAD ON BITCOIN?!!! ๐ฅ๐ฅ๐ฅ
JUST IN: ๐ VanEck says Bitcoin could be materially higher within the next year. ๐
Matthew Sigel is advising clients to gradually build their Bitcoin positions over the coming months. ๐
#Bitcoin#BTC#Crypto
๐๐ฅ A SpaceX-linked #Bitcoin wallet moved funds for the first time in six months, sending an $88 test transaction to another SpaceX-tagged address.
SpaceX holds approximately 18,712 $BTC worth over $1.1 billion, making it one of the largest corporate Bitcoin holders globally.
If you want to know why it makes sense to invest in $HOOD over the next 6 months
It's because of their Prediction Market volume
That alone is reason to invest
Bitcoin just touched the 200-week MA again.๐
Nobody knows if this is THE bottom...
But history shows:
๐ตBlue zones are the BEST buying opportunities
๐ตThey ALWAYS touch the 200W MA
๐ตThey go up:
~$250 โ ~$4k
~$4k โ ~$20k
~$20k โ ~$60k
Interesting times ahead!๐