Click the link to join the meeting: https://meeting.tencent.com/dm/L1CrUCgvqNKE Guys, live stream starts sharp at 10 PM tonight. BTC successfully broke above $66,000 in the afternoon, reaching its highest level in nearly a month. This signifies a decisive breakout from the wide-ranging consolidation period of the past half-month. The key resistance zone above is now at $66,800–$67,000 (the previous daily rebound high and also the long-term Vegas channel level on the 4-hour chart). ETH remains strong, with price now retesting the $1,950 resistance. If it holds above this level, a breakout past the $2,000 mark could come soon. [Key Details] First, ETFs have seen seven consecutive days of net inflows, totaling over $1.2 billion. Yesterday alone, net inflows reached $226.8 million, with BlackRock’s IBIT accounting for $116.5 million. Large wallets have accumulated 66,700 BTC over the past 60 days—the strongest accumulation pace since February. Institutions have been buying consistently near $65,000—this is the bulls’ strongest backing. Second, sentiment hasn’t caught up with price. The Fear & Greed Index is at 25, still in the “fear” zone. Price has risen nearly 10%, yet sentiment remains at a low—this divergence could signal either a reversal or a trap designed to lure buyers. [Three Catalysts for a Breakout] First: The FOMC meeting at month-end. The Fed meets on July 29–30; markets are pricing in a 93% chance of holding rates steady. But if Powell delivers a hawkish message, the direction could turn downward; if he leans dovish, all conditions would be in place for an upside breakout. Second: Volatility has been compressed to its limit. Once a breakout occurs, expect a 10%–20% move. Third: Continuous ETF inflows are reshaping the distribution of coins. Seven straight days of $1.2 billion net inflows—while June saw a total outflow of $4.5 billion—marks a clear shift in momentum. Disclaimer: The above content reflects only the author’s personal views and is intended to assist investors in understanding relevant capital market information. It does not constitute any investment advice and does not represent AiCoin’s official position or opinion. Market risks exist; invest with caution.
BTC Breaks Above $66,000 as ETFs Sustain Net Inflows Amid Volatility
AiCoinShare
Summary
On July 21, 2026, the BTC price surged above $66,000, reaching a one-month high and breaking out of a two-week consolidation. ETF inflows totaled over $12 billion over seven days, with BlackRock’s IBIT adding $116.5 million on July 20. Institutional buyers accumulated 66,700 BTC near $65,000 over the past 60 days. The Fear Index remains at 25. Analysts cite the FOMC meeting, compressed volatility, and ETF-driven shifts in ownership as key catalysts.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.