#etf

$BTC Dips to 3-Week Low After July’s Record Highs 📉

Bitcoin fell for the 5th straight session, hitting $114,128, a 2% drop, after soaring to $123,200 in July amid US crypto enthusiasm. Ether also slid 3.13% to $3,617. The crypto market, which topped $4T last month, is cooling as ETF inflows slow and institutional demand wanes.

🔍 Key Insights:

• US Bitcoin ETFs saw $6B in July inflows, Ether ETFs hit $5.4B.

• Coinbase premium turned negative, signaling fading US investor interest.

• Bitcoin futures open interest on CME dropped 13%, Ether’s fell 21%.

• Options markets show bearish sentiment with higher demand for puts.

Analysts note a “fading euphoria” as institutions de-risk after $6-8B in realized profits. Miners sold 15,000 BTC, and $10B in BTC was offloaded OTC, sparking a brief 4% dip.

Is this a temporary pullback or the start of a bearish Q3?