Cold open on Wall Street: after two months of bleed, money came back.
Wall Street reopened its bid for crypto this week. After eight weeks of heavy outflow that drained $9.4 billion from US spot funds, July 14-18 flipped the tape. BlackRock iShares Bitcoin Trust logged $33.4 million on July 16 alone, pushing three green days in a row for Bitcoin funds with $79.1 million added. Ethereum told a similar story, with $84.4 million net new cash July 7-11, almost all via BlackRock ETHA.
Price followed flow. Bitcoin reclaimed $65,000, its best print since early June. Ethereum outperformed, up over 10% on the week to trade near $1,923. Traders view this as a pure liquidity play: when BlackRock desks buy, market depth improves and short sellers pull back.
For active traders, level watch is clear. $63,800 held as base, $65,800 is near-term roof. Hold above roof with volume could open $68k. Lose base and $60k comes quick. Risk control stays tight while oil and Middle East headlines keep volatility high.
Strategy take: follow the large buyer, fade retail hype. Inflow led by one issuer is strong but fragile. If BlackRock flow pauses, the bid can vanish in a day. Keep size modest, use spot for core and calls for upside.
#ETFlowRebound
Wall Street reopened its bid for crypto this week. After eight weeks of heavy outflow that drained $9.4 billion from US spot funds, July 14-18 flipped the tape. BlackRock iShares Bitcoin Trust logged $33.4 million on July 16 alone, pushing three green days in a row for Bitcoin funds with $79.1 million added. Ethereum told a similar story, with $84.4 million net new cash July 7-11, almost all via BlackRock ETHA.
Price followed flow. Bitcoin reclaimed $65,000, its best print since early June. Ethereum outperformed, up over 10% on the week to trade near $1,923. Traders view this as a pure liquidity play: when BlackRock desks buy, market depth improves and short sellers pull back.
For active traders, level watch is clear. $63,800 held as base, $65,800 is near-term roof. Hold above roof with volume could open $68k. Lose base and $60k comes quick. Risk control stays tight while oil and Middle East headlines keep volatility high.
Strategy take: follow the large buyer, fade retail hype. Inflow led by one issuer is strong but fragile. If BlackRock flow pauses, the bid can vanish in a day. Keep size modest, use spot for core and calls for upside.
#ETFlowRebound
