According to Deep Tide TechFlow, on June 30, Bitcoin rebounded in the Asian early session, with prices approaching $108,000. This movement was driven by progress on Trump's $4.5 trillion tax cut bill in the Senate. A decisive vote is scheduled for today at 9 AM Eastern Time, and Republicans plan to complete the bill before July 4.
Bitcoin spot ETF saw a net inflow of $2.2 billion last week, with institutional investors like Strategy and Metaplanet continuing to accumulate. As prices rise, the perpetual contract funding rate turns positive, and leveraged long positions increase.
Ethereum and Solana also rose, as REX Shares' staking ETF proposal received positive feedback from the U.S. Securities and Exchange Commission. Despite the bullish price action, the options market remains calm, with implied volatility close to historical lows.
