Bitcoin prices were stuck in close range on Saturday, July 5th. This is because the recent recovery had disappeared over the US Independence Day weekend.
Bitcoin (BTC) traded at $108,000, with a high of less than $110,000 this week, 10% above its lowest point this month.
Spot Bitcoin ETFS continued to perform strong this week as cumulative inflows increased by $769 million. This is down from the $2.2 billion last week. The weekly decline stems from the fact that this week there were four US trading days this week, in compliance with Independence Day, a federal holiday in the United States.
These ETFs have experienced a cumulative inflow of $49 billion, indicating that they could exceed $50 billion next week. BlackRock’s Ishares Bitcoin Trust has a cumulative inflow of $52.6 billion, as the ticker is IBIT.
IBIT currently holds assets of more than $76.5 billion, making it one of the largest ETFs in the United States. It ranks 8th among all BlackRock ETFs due to its recent passing through the Ishares Core S&P Total US Stock Market ETF and the Ishares Russell 2000 ETF.
Observers note that the fund is likely to reach a $80 billion milestone soon.
IBIT is the fastest growing ETF to date and continues to bridge the gap with SPDR Gold Trust, which has a $101 billion worth. GLD was founded in 2004.
Demand for Bitcoin continues to increase
The number of Bitcoin Treasury, established by companies, is gaining momentum. The strategy is leading the way with 597,325 coins. These companies currently hold 848,902 coins.
Bitcoin finance boom!
51 companies have already added Bitcoin to their finances. This shows a clear uptrend.
I’ll jump into all the details of this thread pic.twitter.com/l5vt9u74fj
– cryptoquant.com (@cryptoquant_com) July 3, 2025
The increase in demand for Bitcoin comes at a time when the exchange’s supply fell from a high of over 1.5 million to 1.2 million.
Recently, Vanadi Coffee shareholders have approved a strategy to acquire more Bitcoin for their balance sheet. The publicly-owned chain, which currently operates six cafes based on Alicante, currently aims to become the largest Spanish company in the Bitcoin Ministry of Finance.
Swedish Games and the Web3 Company Fragbite Group have also established the Bitcoin Treasury Ministry to make the balance sheet “the basis for the future.” The company has also appointed a dedicated director to oversee its financial operations.
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Bitcoin pricing technology refers to rebound
BTC Price Chart | Source: crypto.news
Daily charts suggest that bitcoin could be a coiled spring. It remained above the 200-day weighted moving average, often forming two unique patterns that led to more benefits.
It forms a pattern of cups and handles, located in the latter section. It also has a bullish flag pattern, featuring tall vertical lines and falling channels.
So the most likely scenario is where Bitcoin breaks out and surges to a high of $144,000 in the coming months. Drop below the bottom of the flag section disables bullish outlook.
read more: Quant Price forms a rare pattern: 70% surges likely
