Bitcoin · 2026-07-01

That day's trend: Neutral leaning bullish

That day's view: BTC on 7/1 closed at $60,024 (+2.39%), range $57,800–$61,334, volume 25,093 BTC, ~47% higher than 6/30. Average funding rate +0.00561% (8h), OI 24h net -4.63% to 103,471 BTC, basis steady at -0.05% to +0.05% — volume up + OI down = (c) Short Covering driving the rebound. FGI remains 11 Extreme Fear; the structure reads as a panic-bottom rebound whose upside momentum depends on short-covering and is therefore not sustainable. Key levels: resistance $61,334 / $62,000, support $58,000 / $57,400. Watch the 7/2 U.S. ISM Manufacturing release and 7/3 ADP small-NFP print for confirmation of macro demand absorption.

Key Data

BTC close: UTC 2026-07-01 00:00 $58,624.71, UTC 2026-07-01 24:00 $59,990.01, +2.39% in window
Intraday range: high $61,334.00 / low $57,800.19, range $3,533.81 (6.03%)
24h total network volume: 25,093 BTC (~$1.491B)
Perp funding rate: 4-period avg +0.00561% (07-01 00:00 +0.00553% / 08:00 +0.00185% / 16:00 +0.00707% / 07-02 00:00 +0.00800%)
Taker buy/sell ratio: 24h avg 1.0399, latest 0.9232
Retail long/short ratio: 24h avg 2.2275, latest 1.8466
Top-trader long/short ratio: 24h avg 1.2135, latest 1.1381
Open interest (OI): 24h net -4.63%, currently 103,471 BTC
Perp basis: stable in -0.05% to +0.05% range
Fear & Greed Index: 2026-07-01 reported 11 (extreme fear)

24H Price Review

Phase · Early (UTC 00-06): open $58,624.71 → $59,154.33, +0.90%, 6h volume 5,978 BTC.
Phase · Pre-noon (UTC 06-12): open $59,154.33 → $58,622.03, -0.90%, 6h volume 2,876 BTC.
Phase · Afternoon (UTC 12-18): open $58,622.02 → $60,190.60, +2.68%, 6h volume 11,430 BTC.
Phase · Close (UTC 18-24): open $60,190.59 → $60,024.00, -0.28%, 6h volume 4,809 BTC.

Macro Calendar

🟡 2026-07-03 (Fri) · US May ISM Services Index · Impact: Medium
🟡 2026-07-07 (Tue) · US May ISM Manufacturing Index · Impact: Medium
🟡 2026-07-07 (Tue) · US May Non-Farm Payrolls (NFP) · Impact: Medium
🔴 2026-07-09 (Thu) · US May CPI (YoY/MoM) · Impact: High
🟡 2026-07-10 (Fri) · Bankrupt Mt. Gox creditor repayment window · Impact: Medium
🟡 2026-07-11 (Sat) · Risk of Strategy Inc. continuing BTC selling · Impact: Medium
🔴 2026-07-14 (Tue) · FOMC rate decision (minutes next day) · Impact: High
🔴 2026-07-15 (Wed) · Federal Reserve Chair press conference · Impact: High

Bull vs. Bear

Stage 2 (UTC 06-12) single-phase sharp drop -0.90% + volume concentrated 2,876 BTC | tapped window low $57,800.19, typical news-driven concentrated sell-off pattern
OI 24h net -4.63% synchronized long-short de-leveraging | OI net -5,023 BTC reduction, both sides actively reducing, typical de-leveraging state
FGI 11 extreme fear, fragile sentiment | still in extreme fear zone (since 5/31), retail L/S 2.23 strongly long = contrarian sentiment indicator; if price continues lower, retail stop-losses amplify selling pressure
Stage 3 (UTC 12-18) single-phase rebound +2.68% + volume 11,430 BTC | tapped window high $61,334.00, typical post-news technical rebound pattern
Top-trader long/short ratio 24h avg 1.21, institutions slightly bullish | top-trader L/S 24h avg 1.21 / close 1.14, institutions maintained a slightly bullish stance through the window
Taker buy at close 0.9232 > 1.0 buy-side returning | taker buy returning at close alongside late-stage rebound, reflecting dip-buying starting to flow in after bottom