Bitcoin just saw over 9,000 coins exit Binance, signaling accumulation despite weak spot demand. While U.S. institutional investors were net sellers, data hints they might be reaching a point of exhaustion. This slowdown in selling, combined with gradual demand recovery, may be setting the stage for a market rebound and possibly marking the end of the bear cycle.
Short-term conditions are also improving as both use and realized volatility decline. Such factors often precede upward moves in Bitcoin prices, but patience will be essential to confirm any real market turnaround.
One notable indicator: Bitcoin ETF inflows have turned positive for seven consecutive days, a run unseen since October 2025. Between July 14 and July 21, BlackRock’s IBIT ETF attracted roughly $557 million across four sessions, while 21Shares ARKB ETF added another $70 million on July 21. These sustained inflows suggest growing investor confidence rather than a one-off event.
Santiment pointed out that this $981 million inflow streak coincides with Bitcoin price rising to a local peak just shy of $67,300. However, the price has not yet broken through this resistance, keeping the short-term bearish structure intact.
Meanwhile, Japan is considering a crypto bill that may allow spot Bitcoin ETFs to list on the Tokyo Stock Exchange and reduce crypto taxes from 55% to 20%. Though still under parliamentary review, this law could take effect by 2027, indicating a strengthening regulatory environment overseas.
Bitcoin’s recent ETF inflow momentum could push markets higher, but analysts warn that sudden big inflows might reflect FOMO, potentially leading to local price tops rather than sustained rallies.
This article is informational and does not constitute financial advice.
