Last 72 hours gave crypto a reality check after a fast climb.

$BTC rose 13% from the July 1 low of $57,750 to around $66,400 on July 22, then moved within the $64k–$66.8k range for three days. On July 23 it closed at $65,674, down 0.62% on the day, while July 24 traded around $65,500–$65,600. K33 noted that spot trading volume averaged only $2.3B per day, about 62% of the yearly average, while CME $BTC futures open interest reached its lowest level since 2023. This reflects the typical summer slowdown, with lower activity across the market.
ETF inflows remain an important market focus. US spot $BTC ETFs recorded about $727M over five days through July 20, increasing to nearly $1B over seven days by July 23. $IBIT , trading around $37.67, recorded a $116.48M daily inflow on July 20 and manages approximately $47.5B in assets, representing about 61% of the $79B US spot Bitcoin ETF market. It currently holds around 1.2M $BTC, or roughly 5.77% of the total supply. Daily ETF inflows remained positive, including $226.92M on July 20 and $203.2M on July 22. Market participants continue to monitor ETF flow trends closely.
$WLD is also attracting attention due to its tokenomics update. On July 24, daily token emissions are scheduled to decrease by 43%, from 5.1M to 2.9M tokens. Community allocations will decline from 3.2M to 1.6M, while team and backer allocations will decrease from 1.9M to 1.3M. This represents a reduction of approximately 2.2M tokens in daily emissions. A scheduled July 24 token unlock represents about 1.5% of supply, valued near $57.7M. In addition, Grayscale has filed an S-1 related to a potential $WLD ETF. Derivatives data shows trading volume increased 40% to $396.25M, open interest reached $290.17M, and funding remained slightly positive at +0.0077%.
Macro conditions continue to influence the market. The 30-year TIPS yield is near 3%, its highest level in 17 years. Oil continues trading around $85–$91 amid geopolitical tensions. Recent earnings from $GOOGL and $TSLA delivered mixed results, while the Federal Reserve meeting on July 28–29 remains a key event for global markets. B... also announced plans to wind down operations, highlighting ongoing changes within the crypto derivatives industry.
For now, market participants are closely watching ETF flows, macroeconomic developments, and upcoming Federal Reserve decisions, as these factors may continue to influence overall market sentiment.
#BitcoinRange #ETFStreak #WLDsupplyCut #FedWatch