Bitcoin (BTC) Steadies as BlackRock’s ETF Inflows Extend Seven-Week Streak; ETH Eyes $4k

Bitcoin Steadies as ETF Issuers Extend Inflow Streak

Bitcoin (BTC) rose 0.24% on Saturday, July 26, partially reversing Friday’s 0.69% loss, closing at $117,851. Crucially, BTC snapped a three-day losing streak after recovering from Friday’s low of $114,780.

Sentiment toward the US economy, the Fed’s policy stance, and US BTC-spot ETF market flows influenced BTC demand.

The US S&P Global Services PMI rose from 52.9 in June to 55.2 in July. Accounting for around 80% of the US GDP, the upswing signaled a pickup in economic momentum. Labor market data supported an upbeat outlook as initial jobless claims fell from 221k (week ending July 12) to 217k (week ending July 19).

Notably, the US BTC-spot ETF market snapped a three-day losing streak on July 24 in response to the economic data. Despite outflows from some funds, overall BTC-spot ETF net inflows extended the market’s seven-week streak.

According to Farside Investors, total net inflows reached $72.3 million in the week ending July 25. Key flows for the week included:

• iShares Bitcoin Trust (IBIT) had weekly net inflows of $267.9 million.
• VanEck Bitcoin ETF (HODL) saw net inflows of $62.1 million.
• Grayscale Bitcoin Mini Trust (BTC) reported net inflows of $27.2 million.
• Meanwhile, Fidelity Wise Origin Bitcoin Fund (FBTC) saw net outflows of $123.2 million.
• ARK 21Shares Bitcoin ETF (ARKB) reported net outflows of $90.2 million.
• Grayscale Bitcoin Trust (GBTC) saw net outflows of $79.7 million.

BlackRock’s (BLK) iShares Bitcoin Trust continued to dominate, delivering the seven-week winning streak.

Beyond the BTC-spot ETF market, corporations have raised funds to gain exposure to BTC and alt-coins for treasury purposes. ETF Store President Nate Geraci shared the latest data, stating:

“Wild stat… Companies have raised nearly $86bil this yr to buy bitcoin & other crypto. That’s more than ‘double’ the amount raised in US IPOs in 2025.”

BTC Price Outlook: Key Drivers

Several macro and market factors will drive BTC’s near-term outlook:

• Legislative developments: the CLARITY Act’s progress on Capitol Hill.
• The Fed’s upcoming interest rate decision, the US Personal Income & Outlays report, and the Jobs report.
• US BTC-spot ETF flows.

BTC Price Scenarios:

• Bullish Scenario: A dovish Fed policy outlook, bipartisan support for the CLARITY Act, softer US inflation, upbeat Jobs report, and ETF inflows. These factors could drive BTC back toward its record high.
• Bearish Scenario: A hawkish Fed policy stance, legislative roadblocks, hotter US inflation, higher US unemployment, or ETF outflows could push BTC toward $110,000.

For ongoing insights into macro trends, regulation, and ETF data, follow our analysis here.

Technical Analysis

Bitcoin Analysis

Despite the three-day losing streak, BTC remains above its 50-day and 200-day Exponential Moving Averages (EMA), affirming bullish signals.

• Upside Target: A breakout above this week’s high of $120,219 could pave the way to the July 18 record high of $122,055. A sustained move above $122,055 may open the door to $130,000.
• On the downside, a drop below $115,000 could bring the 50-day EMA into play. Sustained selling pressure may enable the bears to target the crucial $100,000 support level.

The 14-day Relative Strength Index (RSI) at 60.99 suggests BTC may climb to $122,055 before entering overbought territory (RSI > 70).

Stay ahead of market trends by accessing real-time BTC price data and technical indicators here.

Ethereum Eyes a Four-Day Winning Streak as ETF Inflows Soar

Turning to Ethereum (ETH), ETH remains above the 50-day and 200-day EMAs, signaling bullish momentum.

ETH-spot ETF issuers reported total net inflows of $452.8 million on July 25, contributing to total net inflows of $1,312.7 million for the week ending July 25. Inflows into ETH-spot ETFs outmuscled demand for BTC-spot ETFs, contributing to ETH’s extended rally.

• Upside target: A breakout above the July 21 high of $3,860 could pave the way toward the $4,085 resistance level. A sustained move through $4,085 may bring the all-time high of $4,870 into sight.
• On the downside, a drop below the $3,563 support level could expose the 3,287 support level.

The 14-day Relative Strength Index (RSI) at 79.66 shows ETH sitting in overbought territory (RSI > 70). Selling pressure could intensify at the July 21 high of $3,860.

Stay informed on BTC and ETH trends by tracking macroeconomic developments, ETF flows, and technical indicators here.