Bitcoin Spot ETFs Extend Inflow Streak to Five Days, Topping $727M

Bitcoin News

U.S. spot Bitcoin (BTC) exchange-traded funds extended their net-inflow streak to a fifth straight session, the freshest sign that institutional demand has returned. Bitcoin climbed to roughly $65,970 on Tuesday, its strongest price zone in two weeks, as the renewed ETF bid combined with a rebound in Asian chip stocks to lift risk appetite. The move followed last week’s semiconductor-led selloff that had dragged digital assets lower. A five-session streak topping $600 million reinforced the recovery, though trading volumes stayed thin. Investors kept one eye on the Federal Reserve’s late-July meeting, wary that policy signals could reset the momentum now building across the market.

On a weekly basis, Bitcoin gained about 5% as it reclaimed the $65,000 handle, tracking a sharp reversal in Asian technology shares that had led global markets lower days earlier. Samsung Electronics, SK Hynix and Taiwan Semiconductor all recovered, pulling BTC higher with the improved mood and lifting the broader altcoin complex. Momentum indicators turned constructive, with MACD and RSI readings improving, while $70,000 now stands as the next major technical hurdle. The rally extended a recovery from the June trough near $58,000 to $60,000. Even so, the advance has yet to convert into decisive conviction, leaving the market sensitive to any renewed pressure in the tech sector.

The ETF flows tell the clearest story. U.S.-listed spot Bitcoin funds recorded their fifth consecutive session of net inflows, the first such streak since late April. Fund-flow data showed the products absorbed about $227 million on July 20, lifting the five-day total to roughly $727 million — the most sustained stretch of buying since June’s record outflows. Aggregate Bitcoin ETF assets have rebuilt to near $79 billion from a July low around $75 billion. The renewed appetite marks a sharp reversal after more than $4 billion exited the funds during June, and represents the missing piece through a quarter that had been dominated almost entirely by withdrawals.

Analysts said Bitcoin has exited its capitulation regime and entered a transition phase, tapping a five-week high near $65,700. The asset had languished in a bear-market capitulation zone since early June, when it slipped below $70,000, before bottoming near $58,000 at the end of the month and grinding 12% higher over three weeks. One market-structure read framed the current level as the point where a fresh impulse either ignites or fades. Separate on-chain analysis noted Bitcoin has spent 95% of its history at a higher MVRV — market value to realized value — suggesting the coin looks historically undervalued despite sitting well below its all-time high. The $65,000 mark capped price throughout July.

The next macro test arrives at the end of the month. The Federal Reserve meets July 28-29, and while traders broadly expect rates to hold steady, forward guidance on the balance of the year could prove decisive for risk assets. Ahead of that, Big Tech earnings land this week, with Alphabet, Tesla and Intel due to report. Those numbers will show whether AI-related capital spending — the trade Bitcoin has tracked closely all month — is still expanding. A hawkish Fed tone or soft technology guidance could quickly unwind the recent bid, keeping the recovery tethered to developments well beyond the crypto market itself and reinforcing Bitcoin’s tight link to equity sentiment.

The rebound rippled across global markets. South Korea’s Kospi jumped 4.7%, Japan’s Nikkei added 2.8% and Taiwan’s Taiex climbed 3.6%, reversing the prior week’s tech-driven losses. Oil offered additional relief, with Brent crude easing about 1% toward $88 after mediators floated a proposed 10-day ceasefire between the U.S. and Iran; no agreement has been confirmed and fighting continues. In crypto, Ethereum ETFs mirrored the Bitcoin bid, drawing roughly $38 million led by BlackRock’s ETHA. The synchronized move underscored how tightly Bitcoin remains bound to equity risk sentiment rather than trading on isolated crypto-specific catalysts this cycle.

COINOTAG’s proprietary 42-indicator composite S/R scoring engine rates the $66,797 resistance at 95/100 — an exceptionally strong ceiling built on the confluence of a support-to-resistance flip, the Fibonacci 0.382 retracement, the R2 pivot and the upper Keltner band. Immediate support at $63,850 scores 71/100, anchored by the Fibonacci 0.236 level, the S1 pivot and the 50-period SMA. With spot near $66,294, RSI at 59.75 and a bullish MACD, momentum favors buyers. Our reading of derivatives is constructive: funding sits at a mild positive 0.0071%, open interest near $13.1 billion and a 1.25 long/short ratio (55.6% long). Yet a Fear & Greed reading of 25 signals extreme fear. A daily close below $63,850 would invalidate the bullish thesis and expose $60,570.