
Bitcoin Closes July at $64,131 After the Smallest ETF Month on Record
Bitcoin ended July at $64,131.17 after printing the cycle low at $57,735 on the first of the month, with ether outperforming and ETF flows barely positive.
Altcoins, ETH & general crypto

Bitcoin ended July at $64,131.17 after printing the cycle low at $57,735 on the first of the month, with ether outperforming and ETF flows barely positive.

A build error in Coldcard firmware from March 2021 cut key strength from 128 bits to about 40, and an attacker swept 594 BTC out of some 500 wallets in 25 minutes.

Strategy booked an $8.2 billion second-quarter loss on an unrealized markdown of its 843,775 BTC, now carried about $9 billion below what the company paid for it.

Bitcoin held $65,674 inside a week-long $64,000โ$66,800 range, futures open interest fell to 743K BTC, and WLFI led the movers with a 12.18% gain.

Bitcoin cleared $66,000 for the first time in a month, though two CoinDesk accounts of the day give different highs. Bitfinex put the next test at $68,000.

Spot bitcoin ETFs drew $273 million over two weeks, barely more than the mildest week of the $8 billion outflow run before it. CoinDesk called it statistical noise.

Michael Saylor set out 110 points against BIP-110, a one-year soft fork that would restrict data in bitcoin transactions and cut the signalling threshold to 55%.

Traders bought 20,000 $70,000 calls and sold 20,000 $72,000 calls on Deribit for the 31 July expiry, a $2.5B notional structure that settles two days after the Fed.

US spot bitcoin ETFs drew a net $132.3 million on 17 July, a fourth straight positive session, with BlackRock's IBIT supplying more than the entire category total.

Bitcoin touched $65,200 and settled at $63,669.13, up 3%, as $357M of liquidations landed 81% on shorts โ a reversal after weeks of long-side flushes.

June CPI came in below forecast on every line, with core flat on the month. Bitcoin ran from about $62,600 to above $64,500 as July hike odds fell to 12%.

Strategy has not bought bitcoin since June 22 and has raised its dollar reserve to about $3 billion, roughly 20 months of preferred dividends and debt interest.