Bitcoin Slips to $58K Despite Easing Yields and Record Equities, Bitfinex Reports July 1

According to the Bitfinex Alpha report published July 1, Bitcoin slipped near $58,000 despite improving financial conditions that would normally support risk assets, including easing Treasury yields, U.S. equities reaching record highs, and gold weakening. Analysts attribute the move to persistent institutional outflows, negative gamma positioning, and steady mechanical selling within the cryptocurrency market rather than macroeconomic stress. U.S. spot bitcoin ETFs recorded $1.79 billion in net redemptions during the week ending June 26, marking a seventh consecutive week of outflows, while the $53,000 realized price remains the key structural support level.
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