Bitcoin News Today: Bitcoin ETFs See $6.6 Billion Inflows in 12 Days

Spot Bitcoin ETFs have experienced a significant surge in institutional investment, with 12 consecutive days of net inflows totaling $6.6 billion in new capital. This influx includes a notable contribution from BlackRock, which added nearly $500 million in a single day. The days of July 10 and 11 were particularly remarkable, each seeing billion-dollar inflows, marking a significant milestone for institutional involvement in Bitcoin.

As of July 18, the total net assets of spot BTC ETFs surpassed $154 billion, indicating a growing confidence among institutional investors. The daily volume of these ETFs ranged from $3.76 billion to over $6.7 billion, reinforcing Bitcoin’s supply floor and liquidity strength. This trend is not limited to Bitcoin; spot Ether ETFs have also shown strong momentum, with total net inflows reaching $7.49 billion over the past two weeks. Ethereum ETFs alone brought in $402.50 million on a single Friday, with record inflows of $726.74 million on July 16 and $602.02 million on July 17, highlighting the growing appeal of Ethereum in regulated markets alongside Bitcoin.

Bitcoin’s price action on the daily chart suggests a bullish pattern similar to earlier July movements. After a previous 6-day consolidation, the price broke out with a 12.24% rally. Currently, a new 6-candle consolidation range is forming, which may precede an 11.21% breakout toward $133,250. On the 1-hour chart, Bitcoin has been consolidating within a symmetrical triangle since the all-time high of $123,231 on July 14th and the low of $115,697 on July 15th. This pattern reflects market indecision, with lower highs and higher lows tightening into a potential breakout zone. A potential Head and Shoulders pattern near the triangle’s tip could trigger a breakout toward the upper boundary at $119,857. The Williams Alligator indicator shows the green, red, and blue lines in tight formation, signifying suppressed volatility and potential energy buildup. A bullish crossover would validate upward continuation, while a bearish cross could lead to rejection.

Recent analysis indicates that Bitcoin’s correlation with the CBOE Volatility Index (VIX) has fallen below -59%, suggesting stronger asset independence. Historically, such decoupling periods often precede independent and volatile price movements. The VIX, which gauges market volatility by monitoring S&P 500 options, is currently at 16.41, the lowest level in over a year. Previous cycles with similar VIX declines, such as early 2016, mid-2020, and early 2023, saw Bitcoin experience increased volatility and directional movement. This divergence suggests that Bitcoin may be evolving beyond the influence of broader equity market sentiment. According to analyst Joao, low-VIX environments shift attention from macro triggers to crypto-native catalysts. The combination of strong ETF inflows and low volatility hints that Bitcoin may already be forming a new round of increased volatility and directional movement.