Bitcoin ETF Inflows Extend to Seven Days as Price Slips From $66K
Summary
- US spot Bitcoin ETFs have posted net inflows for seven consecutive trading days.
- Bitcoin fell to $64,760 after touching a monthly high near $66,700 two days earlier.
- CryptoQuant data shows spot demand weakening even as ETF buying continues.
- The four-hour RSI has dropped to 41 from overbought territory earlier this month.
Bitcoin traded near $64,700 on July 23, giving back part of the rally that carried it to $66,700 just two days before. The pullback knocked 2.2% off the price over 24 hours, according to CoinMarketCap, while the asset’s market capitalization held at $1.29 trillion. What makes the drop worth a closer look is what didn’t happen alongside it: US spot ETFs kept buying. Data tracked by Santiment shows seven straight trading days of net inflows since July 14, totaling roughly $981 million, even as the chart below it started to roll over.
The last time Bitcoin ETFs strung together a run this long was in early October 2025, right before the price pushed to its $126,000 record. That comparison doesn’t guarantee a repeat, and the size of the current streak is far smaller than the flows seen back then, but it does show what sustained ETF demand has historically preceded. Santiment’s own commentary on the data flagged the same tension playing out now: conditions look supportive enough for a run back toward $70,000, yet a sudden oversized single-day inflow would be the signal to watch for, since that kind of spike has tended to mark short-term tops rather than the start of fresh legs higher.
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