WARSAW, July 28, 2026, 00:08 CEST | Crypto markets remain open, with trading running continuously
- Bitcoin was last at $64,653, falling roughly 0.7%. The cryptocurrency traded in a band between $64,416 and $65,598.
- U.S. spot bitcoin ETFs saw net inflows of just $33.9 million for the week. Sharp outflows at the end of the week offset gains from three earlier days of significant inflows.
- Strategy did not purchase any bitcoin last week as the Federal Reserve starts its two-day meeting on Tuesday.
Bitcoin was last at $64,653 early Tuesday, slipping roughly 0.7% from the prior day’s close. The day’s range spanned $64,416 to $65,598.
The key concern for investors is demand quality. Although bitcoin has rebounded, leading institutional buyers have yet to confirm the rally.
U.S. spot bitcoin ETFs attracted $499.1 million between Monday and Wednesday last week, followed by $465.2 million in outflows on Thursday and Friday. The result was a net inflow of $33.9 million for the week, according to daily data from Farside.
The turnaround carries greater significance than the upbeat weekly headline. New demand waned as bitcoin neared the top of its recent band.
As of the article’s publication time, Farside had yet to release comprehensive July 27 flow data. The ETF figure for Monday is also provisional and has not been factored into the calculation.
Strategy NASDAQ:MSTR did not acquire any bitcoin from July 20 to July 26. The company’s holdings remained at 843,775 coins, with an average acquisition price of $75,476 per coin. This average is about 17% higher than bitcoin’s prevailing market price.
The company has not made a bitcoin purchase for the third week in a row, halting what had been a frequent supply of additional demand.
| Indicator | Latest reading | Investor signal |
|---|---|---|
| Bitcoin price | $64,653 | Holding above $64,000, still under resistance level |
| July 20–24 ETF flow | +$33.9 million net | Weekly gains offset by sharp late decline |
| Strategy purchases | Zero during July 20–26 | Leading corporate buyer remained inactive |
| Breakout level cited by LMAX | $67,300 | Roughly 4.1% higher than current market price |
Risk assets received an early boost from Monday’s macro environment. Brent crude slid over 8% as a halt in U.S.-Iran strikes fueled optimism for diplomacy. The U.S. 10-year Treasury yield slipped to 4.647%.
Bitcoin found it difficult to remain above $65,000, indicating that while selling pressure was absorbed, the market did not find a significant new catalyst.
Nansen’s senior analyst Nicolai Sondergaard stated the issue plainly: “The market is holding range without strong buyers, not building toward a breakout.” Open interest in bitcoin futures fell even as prices increased, reflecting scaled-back exposure instead of bold new positions. CoinDesk
Joel Kruger, strategist at LMAX Group, identified the primary breakout threshold at approximately $67,300. To hit this point, bitcoin must rise around 4.1% from the price noted in the article.
The Federal Reserve opens its July meeting on Tuesday. The policy announcement is expected at 2 p.m. EDT on Wednesday, with a press conference set for 2:30 p.m. In June, the Fed kept its target range at 3.50%–3.75%.
Another challenge arrives Thursday, as the Bureau of Economic Analysis is set to publish its advance second-quarter GDP figures as well as June personal income data at 8:30 a.m. EDT. The release also features the PCE inflation measures favored by the Fed.
Risks: A hawkish stance from the Fed, further ETF outflows, or new tensions involving Iran may drive bitcoin closer to its June lows. Nansen notes a potential slide to the $52,000–$58,000 range unless demand picks up. Consistent gains above $67,300, helped by ETF inflows and increased futures open interest, would challenge this negative scenario.
Currently, bitcoin’s price remains stable, though there is no clear sign of accumulation. A more convincing indicator would be renewed cash demand, rather than just another short-lived rise above $65,000.
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