From 01:45 to 02:00 (UTC) on July 10, 2026, BTC price surged 0.57% within 15 minutes, with a range of $63,381.1 to $63,942.6USDT and an amplitude of 0.89%. Market sentiment has recovered after a previous long liquidation event in the futures market, with volatility dropping to a six-week low, and prices showing a low-volatility, orderly upward trend.
The main driver of this price increase was a turnaround in spot Bitcoin ETF capital inflows on July 7. Data shows that total inflows into spot Bitcoin ETFs reached $266 million, the strongest single-day performance in weeks, with BlackRock's IBIT accounting for $209 million. ETF capital inflows directly boosted market sentiment and provided buying support for short-term prices.
Meanwhile, institutional investors established support positions near $60,000 through options strategies. Data indicates that sell-side put options in block trades increased to 79%, with 89.9% being put spread strategies, reflecting professional institutions' consensus on the $60,000 support level. Additionally, BTC's 30-day implied volatility fell to 36.25%, with DVOL dropping to 38.7, the lowest in six weeks, creating a low-volatility environment conducive to gentle price appreciation. Technically, BTC has re-closed above the 200-week moving average (around $62,000), confirming long-term structural support.
Going forward, attention should be paid to the July 14 CPI data's impact on Federal Reserve policy expectations and the continuity of ETF capital inflows—IBIT previously experienced 11 consecutive days of outflows, indicating that institutional confidence has not fully recovered. Current volatility risk premiums remain in negative territory, suggesting limited volatility selling and potential short-term pullback risks. It is recommended to monitor the $64,000 resistance level and on-chain large investor fund flows.