Long-term Bitcoin holders cushion BTC during volatility as jobs data and ETF outflows stir swings
AI Market Summary
10x Research notes BTC volatility driven by stronger-than-expected U.S. jobs data and ETF outflows that amplified selling, while long-term holder accumulation provided near-term support. A subsequent shift to weaker employment data pushed out rate-hike expectations (from October 2026 to December), modestly easing macro headwinds. Seasonality is cited as supportive for July, though markets often consolidate into August'September, shaping near-term positioning and risk appetite.
Impact level
● Medium
Affected assets
BTC/USDT+0.54%
AI Insight · BTC/USDTAI Insight
● Neutral
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ME News reported that on July 3 (UTC+8), 10x Research said stronger-than-expected U.S. employment figures sparked fresh volatility in Bitcoin, while ETF outflows amplified selling pressure. The firm noted that sustained buying from long-term holders helped underpin prices.
10x Research added that softer employment data later pushed back market expectations for the next rate hike, shifting the implied timing from October 2026 to December, providing a near-term tailwind for BTC.
Historically, July has been one of Bitcoin's stronger months, with an average gain of 9.1%, according to the analysis. The report also noted that markets often move into consolidation from August through September, with September potentially marking the cycle's low. Bitcoin's recent rebound from $58,500 to $61,500 may be creating new positioning opportunities for traders. (Source: ODAILY)
