Bitcoin’s price may be consolidating just below its all-time high,
but ETF flows remain strong.
Over the last 19 trading days, 15 have seen net inflows.
That kind of persistent demand tends to build pressure for a breakout.

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According to SoSoValue data, yesterday (Eastern Time, July 28), the total net inflow of Bitcoin spot ETFs was $157 million, continuing a 3-day net inflow. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's IBIT, with a single-day net inflow of $147 million, and IBIT's historical total net inflow has reached $5.739 billion.

Bitcoin spot ETFs had a total net inflow of $157 million on July 28

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Right now, there are no major headwinds for Bitcoin.
ETF inflows show clear demand.
Equities are pushing higher.
And liquidity conditions in the U.S. continue to ease.
That’s the kind of macro backdrop that supports a sustained uptrend.
Follow @ecoinometrics for more data-driven insights on Bitcoin and macro.