Bitcoin outlook improves amid 6% weekly gain: Can BTC bulls push higher?
Bitcoin showed mixed but improving market structure. Onchain and orderbook data recorded a $925 million net buying day on July 15, absorbing the post-CPI pullback in price and open interest. Spot Bitcoin ETFs also posted back-to-back inflows, including $107.7 million on July 15 after $181 million on July 14. Leverage has been unwinding: funding rates fell from a recent 0.10%–0.22% range to 0.048%, and open interest dropped 3.4% from Tuesday’s peak while Bitcoin slipped only about 1.5%. That suggests longs are stepping back rather than forcing a deeper selloff. Sentiment remains weak, with the Fear & Greed Index near 26 despite a 4.4% rebound from the $62,100 low. The setup is not a confirmed trend change yet, as ETF flows are still negative for the year, funding is only near neutral, and a cluster of long liquidations remains close below current price.
