Rewritten Version:
Spot Bitcoin ETFs saw net outflows of $526.6 million during the shortened holiday week, extending their streak to eight consecutive weeks of withdrawals.
Fed’s Williams sees no urgency for rate hike
John Williams signaled that a rate increase is unlikely at the Federal Reserve’s July meeting.
Speaking Tuesday on Fox News, Williams said monetary policy is currently well-positioned. Although inflation remains elevated, he pointed to falling energy prices as a factor that should ease headline inflation. He also noted that the inflationary impact of tariffs appears to be nearing its peak.
Markets showed little reaction, as expectations had already shifted away from a July hike. However, the probability of a rate increase by September still hovers near 60%.
Analysts turn bullish on SpaceX
Following the end of its post-IPO quiet period, Wall Street analysts have initiated coverage of SpaceX with broadly positive sentiment.
Goldman Sachs and Morgan Stanley, the lead underwriters, both issued buy-equivalent ratings. Goldman’s Eric Sheridan set a $205 price target, while Morgan Stanley’s Adam Jonas projected $300.
SPCX shares were flat in premarket trading at $160, holding above the $135 IPO price. Additional buy ratings came from Bank of America, Citigroup, Deutsche Bank, JPMorgan, Macquarie, RBC, UBS, and Wells Fargo.
Raymond James analyst Brian Gesuale offered the most bullish outlook, assigning a strong buy rating with an $800 target and describing SpaceX as a defining industrial infrastructure company of the century.
Samsung results disappoint despite profit surge
Samsung Electronics reported Q2 2026 revenue of $113 billion, slightly below the $113.9 billion consensus estimate.
Even with a record operating profit of $59.1 billion—a 19-fold increase year-over-year driven by AI memory demand—the results failed to impress investors.
Samsung shares dropped 7% Tuesday, dragging down the broader chip sector. Micron Technology and SanDisk both fell about 6% in premarket trading, while the Roundhill Memory ETF also declined.
Despite the sell-off, the longer-term outlook remains positive, with analysts expecting memory shortages to persist through at least 2027 and DRAM prices rising more than 40% in the April–June quarter.
Options activity points to muted HYPE movement
Trading activity in HYPE options on decentralized exchange Derive has picked up, with investors positioning for limited price swings below $70 in the near term.
A notable strategy involving 400,000 contracts used a call condor—buying the $70 call, selling the $75 and $80 calls, and buying the $85 call, all expiring July 24.
This setup delivers maximum gains if HYPE trades between $75 and $80 at expiry, suggesting expectations for a stable, range-bound market.
USDT dominance retreats from recent highs
Tether dominance—measuring its share of the total crypto market—has pulled back from a four-year high, a potentially positive signal for BTC and other digital assets.
The metric has fallen to 8.54% from 9.35% last month, which had marked its highest level since late 2022.
Because USDT is widely viewed as a digital representation of the U.S. dollar, rising dominance typically reflects risk-off sentiment, while declines suggest improving risk appetite across crypto markets.
Bitcoin and ether ETFs attract fresh inflows
U.S. spot Bitcoin ETFs recorded $265.69 million in inflows on Monday, the largest daily total in over a month and the second positive session in three days. Ethereum ETFs added $20.66 million, led by BlackRock’s ETHA with $23.29 million.
BlackRock’s IBIT accounted for $209.4 million of Bitcoin inflows, followed by ARKB with $32.98 million and Grayscale’s mini BTC fund with $42.25 million. GBTC was the only fund to post outflows, losing $44.45 million.
Despite the daily rebound, the weekly trend remains negative. Bitcoin ETFs still saw net outflows of $526.6 million for the week, while Ether ETFs lost $13.7 million.
Total Bitcoin ETF assets climbed to $77.32 billion from a June 30 low of $70.95 billion, supported by both price recovery and renewed investor demand. BTC was trading near $63,200 at the time.
