I. Market Overview

As of July 17, Bitcoin is trading at about $64,418, down 0.71% over the past 24 hours. It rose to nearly $65,000 at one point during the day, but then pulled back, dropping about 1.5% from the three-week high it set the previous day.

For other major coins: Ethereum is down 2.49% to $1,875.89, Solana is down 1.30%, Dogecoin is down 0.60%, and XRP is roughly flat.

---

II. Today’s Headlines

1. US stock sell-off drags Bitcoin lower

June US CPI and PPI came in below expectations, briefly lifting both crypto assets and US stocks. However, technology stocks later saw a sell-off, and Bitcoin fell in tandem with US stocks. Micron Technology has already retraced more than 30% from its June 22 historical high. Over the past two weeks, retail investors’ net selling in both Tesla and Apple totaled $200 million.

2. Two types of investors sell at higher prices

After Bitcoin rallied to nearly $65,000 on favorable inflation data, on-chain data shows that long-term and short-term holders are selling in sync.

3. Bitcoin ETFs see $425 million outflows in a single day

Amid heightened geopolitical tensions, Bitcoin ETFs recorded $425 million in net outflows in one day. Ethereum ETFs, meanwhile, ended eight consecutive weeks of net outflows.

4. BlackRock withdraws large amounts of BTC from Coinbase Prime

According to monitoring by Onchain Lens, BlackRock withdrew 1,246 BTC (about $80.6 million) and 3,542 ETH (about $6.69 million) from Coinbase Prime.

5. Glassnode: Buyers at the $107k level may signal the bottom of a bear market

Glassnode data shows that buyers holding Bitcoin for 1–2 years have seen their realized losses ease, which could indicate the bottom of the 2026 bear market. $69,000 is a key price area to watch.

6. Technicals: Resistance near $65,900

Analysts said there are early signs that Bitcoin encountered resistance near the 50-month exponential moving average around $65,900. Some believe the current trend may replicate the pattern seen in the 2022 bear market. $BTC ‌