Paraphrased Version:
Spot Bitcoin ETFs recorded net outflows of $526.6 million during the shortened holiday week, marking their eighth consecutive week of withdrawals.
NY Fed’s Williams signals comfort with current policy
John Williams indicated he is not leaning toward a rate hike at the Federal Reserve’s upcoming July meeting.
Speaking on Fox News Tuesday morning, Williams said monetary policy is currently in a solid position. While inflation remains elevated, he noted that falling energy prices should help bring down headline figures. He also added that the inflationary impact of tariffs appears to be nearing its peak.
His comments had little market impact, as investors had already largely ruled out a July rate increase. However, expectations for a possible hike by September remain around 60%.
Wall Street turns bullish on SpaceX
With the post-IPO quiet period ending, analysts have begun coverage of SpaceX, and sentiment is overwhelmingly positive.
Lead underwriters Goldman Sachs and Morgan Stanley both issued buy-equivalent ratings. Goldman’s Eric Sheridan set a $205 price target, while Morgan Stanley’s Adam Jonas projected $300.
Shares of SPCX were flat in premarket trading at $160, still well above the $135 IPO price. Additional buy ratings came from Bank of America, Citigroup, Deutsche Bank, JPMorgan, Macquarie, RBC, UBS, and Wells Fargo.
The most bullish outlook came from Raymond James analyst Brian Gesuale, who assigned a strong buy rating with an $800 target, calling the company a defining industrial infrastructure player of the 21st century.
Samsung results fail to excite markets
Samsung Electronics reported Q2 2026 revenue of $113 billion, slightly below the $113.9 billion consensus estimate.
Despite delivering a record operating profit of $59.1 billion—a 19-fold increase year-over-year driven by AI memory demand—the results disappointed investors.
Samsung shares dropped 7% Tuesday, dragging down the broader memory sector. Micron Technology and SanDisk both fell about 6% in premarket trading, while the Roundhill Memory ETF declined by a similar margin.
Even so, the sector outlook remains strong, with analysts expecting chip shortages to persist through at least 2027. DRAM prices surged more than 40% in the April–June quarter.
Options trade signals range-bound outlook for HYPE
Activity in HYPE options on decentralized exchange Derive has increased, with traders positioning for limited price movement below $70 in the near term.
A notable trade involving 400,000 contracts used a call condor strategy—buying the $70 call, selling the $75 and $80 calls, and buying the $85 call, all expiring July 24.
The structure yields maximum profit if HYPE settles between $75 and $80, suggesting expectations for stable, range-bound trading in the coming weeks.
USDT dominance eases from multi-year high
Tether dominance, which tracks its share of the overall crypto market, has declined from a four-year peak—an encouraging signal for BTC and other digital assets.
The metric now stands at 8.54%, down from 9.35% last month, which had been the highest level since late 2022.
Since USDT is widely seen as a digital proxy for the U.S. dollar—a traditional safe-haven asset—rising dominance often reflects risk aversion. Conversely, a decline typically points to improving sentiment and renewed risk-taking across crypto markets.
Bitcoin and ether ETFs see renewed inflows
U.S. spot Bitcoin ETFs attracted $265.69 million in inflows on Monday, the largest daily total in over a month and the second positive session in three days. Ethereum ETFs added $20.66 million, led by BlackRock’s ETHA with $23.29 million.
BlackRock’s IBIT accounted for $209.4 million of Bitcoin inflows, followed by ARKB at $32.98 million and Grayscale’s mini BTC fund with $42.25 million. Meanwhile, GBTC saw $44.45 million in outflows.
Despite the daily improvement, the broader weekly trend remains negative. Bitcoin ETFs still recorded net outflows of $526.6 million over the week, while Ether ETFs lost $13.7 million.
Total Bitcoin ETF assets rebounded to $77.32 billion from a late-June low of $70.95 billion, supported by both price recovery and renewed investor demand. BTC was trading around $63,200 at the time of the data.
About The Author
More Stories
Bitcoin Rally Pauses as Falling Open Interest Signals Caution
XRP Stalls Near $1.14 as Breakout Lacks Strong Volume
Binance Targets Bitcoin Yield Seekers With New Covered Call Strategy