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← ArchiveDaily BriefingGenerated 06:00 UTC

Saturday, 4 July 2026

Exchange flows and Hormuz tensions hold Bitcoin in place

Threat: QUIETConviction: 68/10018 sources
Share
BTC Price$62,400
24h Change1.25%
Fear & Greed22
Hashrate955.9 EH/s
MVRV1.18
Block Height956,613
S&P 5007,483.24
VIX15.81
Gold$4187
DXY100.86
US 10Y4.49%
Oil$68.78

V. Outlook

Bitcoin sits at 62400 dollars with holders nursing thin margins at an MVRV of 1.18 and extreme fear still dominant, so any sustained exchange inflow reversal would quickly test realized losses rather than invite fresh bids. The contradiction lies in continued net outflows alongside a geopolitically tight energy market that lifts gold and Brent without producing visible capital rotation into Bitcoin or any measurable change in its exchange balances. The open question is whether the current accumulation pattern survives the next liquidity test or simply delays the supply that depressed sentiment has already priced in.

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