$BTC 🧭 Key news for BTC – July 23

• Spot ETFs register outflows of $131M, showing profit-taking after a historic streak.

• Nonetheless, net flows remain strong: +$54B in ETFs, with $151B under management.

• Crypto prime brokers bolster institutional participation, bringing technical maturity.

• GENIUS Act and Clarity Act consolidate a positive regulatory environment.

• On-chain: -70% in active addresses, accumulation situation.

🔍 Summary: possible correction to $116k–$118k but environment intact for bullish continuation, strong technical and institutional support