BTC, ETH and SOL back in bullish daily MACD state — and June set the ETF outflow record.

Bitcoin MACD

Your weekly crypto brief

June 26 – July 3, 2026

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Quick Pulse

• Past 7 days — BTC: $61,484 (+2.5%)  •  ETH: $1,699 (+7.8%)  •  SOL: $80.63 (+12.3%)

• BTC, ETH, and SOL are all back in bullish daily MACD state. BTC needed three tries to hold it.

• Top story: U.S. spot Bitcoin ETFs shed $4.5B in June, their worst month on record.

The Signal

Last issue, every chart you opened was red and all three majors were deep in bearish daily MACD state. This week, that ended.

SOL turned first, back in mid-June, and is up 13% since. ETH followed at the end of the month. Both crosses have held.

BTC was messier. It crossed bullish, gave it back a day later, then crossed again on July 1. This time it held. Two reversals in three days is what a bottom actually looks like: momentum sits so close to flat that a single red day tips it.

BTC daily closes: bullish cross Jun 29, bearish Jun 30, bullish held from Jul 1 at $59,961 (ADX 34.8)

Now the awkward part. The same week momentum turned, U.S. spot Bitcoin ETFs closed out their worst month since they launched. $4.5B walked out, most of it from BlackRock's flagship fund. MACD reads price momentum, not fund flows, and right now those two disagree.

Both can be true. Price stopped falling while ETF money kept leaving, which means someone else was buying. Corporate treasuries kept accumulating right through the drawdown, and on Thursday the ETFs printed their first positive flow day in weeks.

A cross this shallow can fail. BTC proved that once already this week. What we can say is that the momentum downtrend running since mid-May is over. Where it goes from here isn't something MACD knows.

What We're Watching

ETF flows. Thursday's inflow day came after nine straight sessions of redemptions. Whether that's a turn or a blip decides if the fresh bullish state gets a tailwind or keeps fighting the tape.

The 200-week moving average. BTC is trading almost exactly on it. Holding that line marked the cycle low in 2015, 2018, and 2020. In 2022 it broke and stayed broken for over a year. We can't tell you which one this is. It's just the level everyone's watching.

Worth Reading

Bitcoin ETFs had their worst month ever in June, shedding $4.5 billion

CoinDesk — June's $4.5B in net outflows beat the previous record by 29%, even as BTC bounced back toward $60K on softer economic data.

Bitcoin ETFs lost $4B in June. Corporate buyers paid $67,000.

VaasBlock Research — While institutions redeemed, corporate treasuries like Strategy and Strive kept buying through the drawdown, shifting who actually holds the coins.

Bitcoin's 200-week MA: bear-market bottom signal or 2022 repeat?

SpotedCrypto — A look at the level BTC has traded around all week: every prior touch of the 200-week MA except 2022 clustered near the cycle low.

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Indicator activity only. Not financial advice. Past performance does not indicate future results.

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