Bitcoin climbs back above $61K as $8.5B in ETF outflows since May signals capitulation territory and Warsh softens his inflation tone.

BTC recovered from local lows to $60,000 after softer U.S. jobs and factory data revived hopes the Fed's hawkish turn could be easing.

Bitcoin made a strong move above $60,000, but a combination of bearish headwinds may put a hard cap on the rally.