Bitcoin has seen accumulation with 9,030 BTC leaving Binance, yet U.S. institutional investors remained net sellers as the Coinbase Premium Gap stayed negative. Spot demand was weak but recovering, and indicators suggested possible seller exhaustion. Bitcoin ETF inflows reached a seven‑day positive streak, the longest since October 2025, with $981 million entering since July 14. BlackRock’s IBIT recorded roughly $557 million in net flows between July 14 and 21, while 21Shares ARKB added about $70 million on July 21. The price bounced to $66,956 but failed to clear the $67,292 level. Leverage and realized volatility were also falling.
Bitcoin [BTC] witnessed accumulation as 9,030 BTC left Binance, according to exchange netflow data. However, the Coinbase Premium Gap remained negative, indicating U.S. institutional investors were net sellers. There was reason to think seller exhaustion was at hand, as reported. This exhaustion and a slow recovery in demand could set conditions for a recovery, and the bear cycle could be behind us. In the short term, leverage and realized volatility were also falling. In these conditions, a recovery is possible, but patience is needed to confirm a market turnaround.
Bitcoin ETF netflows reached a positive streak not seen in nine months. Analyst Amr Taha pointed out that inflows were not limited to a single entity. BlackRock’s IBIT recorded approximately $557 million in positive net flows between four sessions from July 14 to 21. On July 21, 21Shares ARKB added approximately $70 million. Sustained positive readings show investor confidence in the market.
Santiment observed that $981 million in Bitcoin spot ETF inflows were seen since July 14. This seven‑day streak was a first in nine months, last occurring in October 2025 when Bitcoin was pushing toward the $126k highs. “Inflow momentum can lead the crypto markets higher,” the intelligence platform wrote. On the flip side, a day of huge inflows could be a sign of FOMO, and heated short‑term bullish conviction could lead to a local top forming.
The Bitcoin ETF flows led to a price bounce to a local high of $66,956. So far, it was unable to clear the $67,292 level and invalidate the bearish near‑term price structure.
In other news, earlier in July, a crypto bill was passed in Japan that could open the doors to spot Bitcoin ETFs listed on the Tokyo Stock Exchange. It would also cut the crypto tax rate from around 55% now to 20%. The bill has only cleared a committee in Japan’s Upper Parliament and was not yet law. It could potentially become law by 2027.
