📊 **Market Brief — July 9**
🟢 **BTC:** **$62,940 (+1.14%)** Bitcoin defended the crucial **$60K** support after yesterday's oil-driven selloff. The intraday low of **$61,697** held above the key level, shifting focus back toward **$63.7K** resistance and the **50-day moving average at $66.2K**.
🔵 **ETH:** **$1,752 (+0.60%)** Ethereum rebounded alongside Bitcoin, reclaiming **$1,750** as the crypto market stabilized after yesterday's macro-driven volatility.
🚀 **Top Movers**
• **LINK** +1.20%
• **BTC** +1.14%
• **TRX** +0.97%
• **ADA** +0.84%
• **HYPE** +0.73%
🏦 **ETF Flows**
Institutional demand remained the biggest positive. Spot Bitcoin ETFs have now posted **three consecutive days of net inflows totaling roughly $510M**, including an estimated **+$143M on July 7**, showing institutions **kept buying through the selloff**.
⚡ **Market Structure**
Open interest eased to roughly **$45.8B**, while **24-hour liquidations cooled to around $76M**, indicating excess leverage has largely been flushed and the rebound is being driven by healthier spot demand.
🌍 **Macro**
Brent crude fell **1.10% to $77.16**, easing inflation concerns after yesterday's spike. Gold rose **0.91%**, while markets continue watching the **FOMC minutes** and **mid-July CPI** for the next catalyst.
😨 **Sentiment**
The **Fear & Greed Index** improved to **22**, remaining in **Extreme Fear** despite the successful defense of **$60K**, suggesting confidence is recovering slowly.
💡 **Takeaway**
Bitcoin passed its first major macro stress test by holding **$60K**, while ETF inflows remained positive through the selloff—an encouraging sign for the recovery. Although the broader trend remains below the **50-day moving average**, **stronger institutional demand** and a cleaner derivatives market strengthen the bullish case. A move above **$63.7K** would be the next step toward confirming a sustained recovery. 🚀📈