BTC Rises on Institutional, Whale, and Options Trader Inflows

ME News reports that on July 21 (UTC+8), Bitcoin and the broader crypto market recently experienced an upward rally. Market sources indicate that the White House has reached consensus on the ethical provisions of the CLARITY Act, potentially increasing the likelihood of the bill advancing in Congress and paving the way for greater institutional participation in the crypto market. From a capital flow perspective, this rally is not driven by a single force—institutional investors, long-term holders, and derivatives traders are all showing positive signals. U.S. spot Bitcoin ETFs have attracted over $700 million in net inflows over the past five trading days, marking the longest consecutive net inflow period since May this year. This trend stands in stark contrast to the large-scale sell-off earlier this summer, during which the market faced approximately $7.5 billion in redemption pressure between mid-May and June. Additionally, large Bitcoin whales have consistently increased their holdings over the past two months, while mid-sized wallets have shown selling activity—a divergence that may serve as a positive signal for Bitcoin’s medium-term price trajectory. Meanwhile, activity in Bitcoin futures and options markets has also rebounded. Recently, a trader or trading group made a large purchase of Bitcoin call spread options, betting on a price surge to $72,000 before month-end. (Source: ODAILY)