Bitcoin (BTC) Daily Market Analysis 04 July 2026

Bitcoin rebounds above $62K driven by short-covering and a one-day ETF inflow reversal – here's the latest: • BTC recovers to $62,613 on 4 July 2026 after early-July lows near $58,278, with shorts accounting for 90.2% of $51.64M in liquidations • US spot Bitcoin ETFs snap 10-day outflow streak with $221.7M net inflows on 2 July, but year-to-date outflows remain at $5.4B • Citi cuts 12-month Bitcoin price target from $112K to $82K, citing weak ETF demand and slowing institutional appetite • Long-term holder supply rises by 356.63K BTC while short-term supply falls, signaling accumulation despite extreme fear sentiment (Fear & Greed Index at 15) • Futures open interest climbs 7.77% to $47.51B with neutral funding rates, suggesting trend confirmation without excessive leverage