On July 27, the crypto market started the week on a bullish note. Bitcoin reclaimed the $65,000 level while Ethereum surged over 4% in a single day, pushing the ETH BTC ratio toward 0.030 after breaking above a multi-month downtrend. Spot Bitcoin, Ethereum, Solana, and XRP ETFs attracted $152 million in weekly inflows, and over $200 million in short positions were liquidated in a single day. This recovery was driven by easing US-Iran tensions pushing oil prices 5% lower and a return of risk appetite. Historically, a rising ETH BTC ratio precedes capital rotation into the broader altcoin market.
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