Markets
Bitcoin Hits One-Month High as U.S. Spot ETF Inflows Extend to Six Sessions
Bitcoin traded above $65,800 on July 22 as U.S.-listed spot bitcoin ETFs recorded a sixth consecutive session of net inflows, bringing accumulated inflows since July 13 to about $779 million. Coinbase’s daily reference observation finished at $66,063.67.
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BTCBitcoin reached a one-month high on July 22, trading above $65,800 as U.S.-listed spot bitcoin ETFs extended their net-inflow streak to six sessions.
The funds accumulated about $779 million in net inflows since July 13, indicating renewed institutional demand after a weak quarter. Coinbase’s daily reference observation finished at $66,063.67.
The ETF inflows matter because they coincided with bitcoin’s recovery and suggest that demand through regulated U.S. investment products had strengthened. However, the advance had not yet carried bitcoin above the significant resistance and holder cost-basis area near $68,000.
The price move, six-session inflow streak, approximate cumulative inflow total and Coinbase reference observation are confirmed by the event package. What remains uncertain is whether the renewed demand will persist and whether bitcoin can move through the area near $68,000.
Bitcoin’s rise alongside six consecutive ETF inflow sessions signaled renewed institutional demand, but the market remained below the significant resistance and holder cost-basis area near $68,000.