According to Deep Tide TechFlow, on June 30, Bitcoin rebounded in the Asian morning session, with the price approaching $108,000. This movement was driven by the progress of Trump's $4.5 trillion tax cut bill in the Senate. A decisive vote will take place today at 9 AM Eastern Time, with Republicans planning 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. With the price increase, the perpetual contract funding rate turned positive, and leveraged long positions increased.
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 near historical lows.
