According to Deep Tide TechFlow, on June 30, Bitcoin rebounded in the Asian morning session, with prices approaching $108,000. This trend was driven by progress in Trump’s $4.5 trillion tax cut plan in the Senate. A decisive vote is scheduled for 9 AM EST today, and Republicans plan to complete the bill by 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 funding rate for perpetual contracts turns positive, and leveraged long positions increase.
Ethereum and Solana also rose, as the REX Shares staking ETF proposal received positive feedback from the U.S. Securities and Exchange Commission. Despite the bullish price, the options market remains calm, with implied volatility close to historical lows.
