Bitcoin spot ETFs recorded their largest single‑day net inflow of $223 million on Thursday, ending a 10‑day withdrawal streak that had removed about $2.73 billion from the products, according to SoSoValue data.

The inflow coincided with a rebound in Bitcoin’s price, which rose above $62,000 after slipping below $58,000 earlier in the week, its lowest level in 21 months.

US employers added 57,000 jobs in June, about half of expectations, and the Labor Department revised April and May payrolls lower by a combined 74,000 jobs, according to the Bureau of Labor Statistics. The unemployment rate fell to 4.2% as the labor force shrank, with labor‑force participation dropping to 61.5%.

Analysts said the payroll slowdown reduced pressure for further Federal Reserve rate hikes, allowing risk assets such as Bitcoin to recover.

BlackRock’s chief investment officer of global fixed income, Rick Rieder, described the jobs data as “more fizzle than fireworks,” noting a gradual cooling of the labor market rather than a sharp break.

Bitcoin ETFs had experienced nearly $8.5 billion in net outflows since early May, according to Santiment, and the recent inflow represented the biggest daily gain since May.

Market participants said the return of ETF demand provided short‑term relief after weeks of outflows, rising real yields, and concerns that the Fed might keep policy tight.

Technical analysis showed Bitcoin trading above its seven‑day moving average but below its 30‑day average, while options positioning could amplify volatility around key price levels near $60,000 and $55,000.

Bitwise Europe noted that about 47% of Bitcoin supply was held at a profit and aggregate paper losses stood at roughly $281 billion, with realized losses declining as price moves lower.

While the jobs report eased immediate macro pressure, wage growth remained above the Fed’s inflation target, and policymakers indicated they would continue to prioritize price stability.

Analysts warned that a continued inflow would be needed to signal a durable recovery, whereas a swift return to outflows would suggest the recent move was a rate‑driven relief rally rather than a sustained demand shift.

The market now watches whether ETF inflows persist and whether Bitcoin can hold levels near $60,000 and $62,000 to confirm a longer‑term rebound.