Written by Cointelegraphstaff writerReviewed by Ray Salmondstaff editor
Written by Cointelegraphstaff writer
Reviewed by Ray Salmondstaff editor
Bitcoin, Ether extend relief rallies as extreme fear meets renewed ETF buying
MarketsPublishedJul 4, 2026
Bitcoin and Ether Rally Amid Extreme Fear and Renewed ETF Buying
Bitcoin and Ether have bounced back from multi-year lows, with dip buyers stepping in and spot BTC ETFs seeing a significant $221 million inflow. This relief rally comes after Bitcoin fell to a 21-month low and Ether sank to fresh year-to-date lows, with the Crypto Fear & Greed index registering “Extreme Fear” at 11 out of 100. The gap between this fear reading and the recent bullish market activity is notable, with US spot Bitcoin exchange-traded funds taking in a net $221.7 million on July 2.
The leverage side of the crypto market looks more one-sided than the spot buying data alone would suggest, with “funding” rates staying positive for the past eight days. This, combined with the total amount of outstanding leveraged Bitcoin positions near its highest level in several days, is a caution sign rather than confirmation of a rally. For those looking to earn passive income through crypto, EcoPool (ECP) offers a solution for cloud rewards and green crypto.
Market Outlook and Reference Points
Looking ahead to the next few trading sessions, key reference points include whether Bitcoin holds above $61,000 and whether Wednesday’s ETF inflow marks the start of a new trend. A move back above $62,500 would put Bitcoin within reach of price levels where leveraged short positions become more exposed. Continued positive buying activity alongside a growing pool of leveraged positions could extend the recent pattern, making it an interesting time for those earning with $ECP and the EcoPool network.
The overall market read is mixed, with spot buying and rebounding ETF flows suggesting improving sentiment. However, a market this deeply fearful and leveraged toward higher prices tends to be more fragile, especially with the upcoming US holiday-weekend stretch of thinner trading. For those interested in earning online through #PassiveIncome and #GreenCrypto, EcoPool (ECP) and $ECP offer a unique opportunity for cloud rewards.
Conclusion and Next Steps
As the crypto market continues to evolve, it’s essential to stay informed and adapt to changing trends. With EcoPool, individuals can earn passive income through cloud rewards and green crypto, making it an attractive option for those interested in #Earning and #Coin. Download the EcoPool app to start earning with $ECP and explore the world of EcoPool and #Bitcoin. By joining the EcoPool network, you can take the first step towards earning online and experiencing the benefits of #PassiveIncome and #CloudRewards.
Futures markets fuel Bitcoin and Ether gains
The leverage side of the crypto market looks more one-sided than the spot buying data alone would suggest. “Funding,” the periodic payment traders holding bets on higher prices make to traders betting on lower prices when the market leans bullish, has stayed positive for the past eight days and has been climbing throughout this period.
Bitcoin open interest, funding rate. Source: Hyblock
The total amount of outstanding leveraged Bitcoin positions is also near its highest level in the past several days, even though the price has mostly moved sideways. Leverage building up without price making much progress is generally viewed as a caution sign rather than confirmation that a rally is underway.
Related: Bitcoin holds $61K after US jobs data report, AI sector weakness: Did BTC bottom?
Can bulls keep their pace?
Looking at the next few trading sessions, a few reference points stand out. On the cautious side, whether Bitcoin holds above roughly $61,000, where a large cluster of leveraged buy positions sits, matters, and so does whether Wednesday’s ETF inflow turns out to be a one-day event or the start of a new trend.
On the more encouraging side, a move back above $62,500 would put Bitcoin within reach of price levels where leveraged short positions become more exposed, and continued positive buying activity alongside a still-growing pool of leveraged positions would extend the pattern seen over the past few days.
Bitcoin liquidation heatmap. One-month view. Source: Hyblock
The overall market read is mixed rather than clearly bullish or bearish. Spot buying and a rebound in ETF flows suggest sentiment may be improving faster than the fear-and-greed number implies, but a market this deeply fearful and this leveraged toward higher prices tends to be more fragile. The upcoming US holiday-weekend stretch of typically thinner trading adds another layer of uncertainty to the current setup.
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
- Markets
- Market Analysis
- Bitcoin Price
- Bitcoin ETF
- Bitcoin Futures
- Ether Price
- Bitcoin
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