Bitcoin

Key insight

BlackRock's IBIT absorbed over $170M of $211M in total daily spot ETF inflows, forming a strong demand floor near $63,000, but BTC must reclaim $67,500 to signal a credible trend resumption toward the 2026 highs.

BTC is consolidating at $64,224 just above the key $63,000 support (prior June swing low) after failing to reclaim the $67,500 resistance zone, with institutional ETF inflows providing a floor but macro uncertainty capping upside.

Main risk

Strait of Hormuz geopolitical re-escalation

Oil surged +1.8% today to $75.8 — if US-Iran Hormuz deal collapses, risk-off sentiment could drag BTC below the $62,700 structural support seen on August 3rd.