Bitcoin, ether traders aren't fully buying the bounce, options markets show

Your day-ahead look for July 3, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Your day-ahead look for July 3, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
President Donald Trump disclosed at least $1.4 billion in cryptocurrency-related income for 2025. Speaking to CNBC, Trump maintained he acted within the law and claimed limited awareness of the full scope of his crypto holdings. The disclosure has drawn criticism from those who argue he is personally profiting from the crypto sector while his administration simultaneously shapes its regulatory framework. Critics contend this creates a significant conflict of interest, given the White House's active role in drafting crypto industry rules.

Large bitcoin holders, commonly known as whales, purchased approximately $16.7 billion worth of bitcoin over a two-week period. This buying spree occurred even as U.S. spot bitcoin ETFs experienced record outflows of around $4 billion. June marked the worst month ever for U.S. institutional demand via ETF products. Analysts note that this divergence — whales absorbing sell pressure while ETFs bleed — has historically appeared near the bottoms of market cycles.

Cryptocurrency markets closed the week on a positive note, buoyed by softer-than-expected U.S. employment data. The weak jobs figures reduced the likelihood of a Federal Reserve interest rate increase, lifting investor sentiment across crypto assets. Decentralized exchange Uniswap saw notable gains following an announced partnership with trading platform Robinhood. The combination of easing rate-hike fears and positive industry news contributed to a broadly stronger week for digital assets.

Memory and semiconductor stocks, which led market gains in 2026, are now losing their upward momentum. The slowdown in these AI-linked equities has prompted speculation about where investors will redirect their capital. Bitcoin has begun to rebound amid this shift, suggesting renewed interest in the cryptocurrency. Analysts are watching whether funds will rotate out of AI hardware stocks and back into digital assets.

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