Bitcoin News Today: Bitcoin ETFs surge with $54.47B inflows, price hits $119K but recent outflows spark caution

Bitcoin ETFs experienced a resurgence in vertical inflows as the cryptocurrency’s price climbed to $119,000, with total holdings reaching 600,000 BTC by late July 2025. However, a net outflow of $85.96 million on July 23, 2025, has sparked concerns about uneven investor sentiment amid the asset’s recent volatility. The inflows, which have surged since April, align with a pattern of institutional activity that has historically mirrored Bitcoin’s price trajectory. For instance, cumulative inflows surpassed 200,000 BTC in March as prices rose to $70,000, and reached 400,000 BTC by December 2024 when Bitcoin hit $100,000 [1]. This synchronized movement between ETF flows and price suggests ongoing institutional confidence, though recent outflows indicate short-term profit-taking or shifting priorities.

BlackRock’s iShares Bitcoin Trust (IBIT) led daily inflows on July 23, contributing $142.56 million, while Fidelity’s FBTC recorded the largest outflow of $227.24 million. Despite these fluctuations, cumulative net inflows across major providers totaled $54.47 billion, with Bitcoin ETFs now holding $153.25 billion in assets—6.53% of the asset’s total market capitalization. Grayscale’s GBTC, however, posted no net inflow and reported $23.54 billion in total outflows, underscoring divergent performance among providers. Other notable movers included Ark Invest’s ARKB, which saw a $9.84 million outflow, and Valkyrie’s BRRR, which added $330.16 million in cumulative inflows [1].

The mixed trend reflects broader market dynamics. While institutional buyers continue to accumulate Bitcoin, retail-driven selling pressures have emerged. Over 9,600 BTC were withdrawn from Kraken in a single day, signaling major holders reducing exchange liquidity—a move often associated with pre-liquidation phases during bull runs. Additionally, short-term holder (STH) activity has spiked, with active supply within 180 days rising to levels historically linked to selling waves. Exchange data further highlights retail-driven outflows, as platforms like Binance saw STH activity cross thresholds typically tied to profit-taking [2]. Technical indicators also suggest caution: the RSI cooled to 62 after overbought levels, and the MACD displayed indecisiveness among traders.

Ethereum ETFs have gained traction as an alternative, with $534 million in inflows on July 22, contrasting Bitcoin ETFs’ $131 million outflow during the same period. This shift reflects a broader market rotation toward altcoins, driven by Ethereum’s growing institutional adoption. Analysts attribute Bitcoin’s recent outflows to macroeconomic pressures and technical exhaustion, as large investors reevaluate exposure after the asset’s record high of $123,218 in mid-July [2].

Price forecasts remain divided. A break below $116,000 could retest the 50-day EMA at $110,948, while a push above $120,000 may target the previous high of $123,218. Historical patterns, such as the 20% supply surge observed when Bitcoin hit $70,000 in early 2025, suggest similar dynamics could repeat as the price consolidates between $116,000 and $120,000. However, the market’s reliance on on-chain activity—such as reduced exchange liquidity and whale accumulation—complicates predictions. Critics argue the rally lacks intrinsic fundamentals, while proponents highlight the alignment between institutional inflows and Bitcoin’s long-term trajectory [1].

The interplay between short-term profit-taking and long-term holding will likely determine Bitcoin’s next phase. While vertical inflows reinforce institutional adoption, recent outflows signal a tug-of-war between retail sellers and institutional buyers. As macroeconomic factors and on-chain signals evolve, the asset’s price action will hinge on resolving this tension, with ETFs remaining a critical barometer of market sentiment.

Source: [1] [Vertical Inflows Return to Bitcoin ETFs as Price Surges, but Recent Daily Outflows Raise a Flag](https://cryptonewsland.com/vertical-inflows-return-to-bitcoin-etfs-as-p/) [2] [Bitcoin Price Forecast: BTC Consolidates Between $116,000 and $120,000](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-forecast-btc-rejected-from-120-000-as-momentum-cools-mild-etf-outflows-continue-202507231136)