WARSAW, July 16, 2026, 15:02 CEST
- Market status: Bitcoin spot trades are open. Core trading for U.S. ETFs is in pre-open as of 09:02 ET.
- Last price: $63,940, off 1.8%. The session saw a range from $63,833 to $65,486.
- Investor angle: A single fund drove 76% of ETF inflows during the two-day rebound.
Bitcoin dropped to $63,940 on Thursday, giving up gains after briefly topping $65,000 on Wednesday. Two days of inflows into U.S. spot ETFs weren’t enough to keep the rally intact.
Big headline inflows are covering up soft breadth. The funds still posted a $135.9 million outflow over three sessions.
BlackRock’s NYSE:BLK iShares Bitcoin Trust NASDAQ:IBIT brought in $219.7 million of the $288.8 million that flowed back in over two days. That was 76% of the total. Just three funds saw inflows Wednesday, compared to six funds Tuesday.
| U.S. ETF session | Total net flow | IBIT net flow | Funds with inflows |
|---|---|---|---|
| July 13 | -$424.7 million | -$185.5 million | 2 |
| July 14 | +$181.1 million | +$138.9 million | 6 |
| July 15 | +$107.7 million | +$80.8 million | 3 |
| Three-day total | -$135.9 million | +$34.2 million | — |
Source: Farside Investors. Numbers and fund counts are from the group’s published data at the fund level.
The stakes are higher for Thursday’s U.S. session. A strong total won’t mean much if IBIT stays the only fund posting gains.
Markets bounced after U.S. inflation came in below forecasts. June consumer prices dropped 0.4%, with core prices unchanged for the month. Producer prices slid 0.3% as well.
Investors pulled back on bets of a hawkish Fed after the reports. Bitcoin rallied hard, but sellers knocked it down under $65,000.
Glassnode said long-term holders are backing off from capitulation. Buyers stepped in on the June lows, but now overall spot demand is quieter since things steadied out.
Glassnode estimates the average price paid by new buyers is close to $69,000, calling it the next clear resistance zone. If the price fails there, the recovery range stays in place.
Nansen’s Nicolai Sondergaard said investors need to see if these flows stick or if it’s just a one-day shift.
Sellers have backed off more quickly than buyers are coming in. It’s progress, but not a full signal yet.
Risks: ETF net flows aren’t the same as daily exchange buys. U.S. crypto ETPs can do in-kind share creation or redemption. A new inflation print or big market move could trigger more selling.
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