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Bitcoin ETFs- Bitcoin Holds Above $100K as Institutional Inflows Rise
Bitcoin ETFs– Bitcoin remains under pressure, yet recent ETF data and macro-level support zones suggest a potential turning point may be on the horizon.
Bitcoin ETFs Attract Strong Institutional Flows
Despite overall bearish sentiment in the crypto market, Bitcoin exchange-traded funds (ETFs) continue to reflect investor confidence. According to recent data, Bitcoin ETFs recorded $4.5 billion in inflows this July, bringing the total cumulative inflows to $48.95 billion. Notably, there have been only three outflow days in recent months—even during periods of global uncertainty such as the Israel-Iran conflict.
It appears that this supply zone will last a bit longer. There’s a fat layer of limit bids and in-the-money call options parked in this range.
Key Demand Zone Provides Macro-Level Support
Currently trading at $107,075, Bitcoin is holding above a key demand area between $100,668 and $103,876, where over 574,000 BTC—worth approximately $61.4 billion—has been accumulated, according to IOMAP data. This level has acted as a consistent bounce zone during recent dips, offering a reliable floor.
However, Bitcoin has struggled to claim $108,000 as support, forming a descending wedge pattern that has developed over the last month. A breakout above this resistance could trigger a move toward $110,000, though a final retest of $101,000 may occur first.
Recovery or Breakdown?
Historically, July has been a strong month for Bitcoin, with an average return of 8.09%. While this seasonal trend could favor a recovery, analysts warn of downside risks. If macro conditions deteriorate, Bitcoin could revisit the $100,000 support, and a breakdown below that level could weaken the current bullish narrative.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
