Inflows of $203.1 million entered US spot Bitcoin ETFs on Tuesday, July 21, 2026, extending the crypto market’s net inflow streak to six consecutive days. Total net capital entering over these six trading sessions reached $930 million - the longest positive flow streak since April, according to data from investment tracking platform SoSoValue.
In the spot market, Bitcoin is currently trading around $65,900. CoinDesk reporting indicates this touched a two-week high with a 1.5% weekly gain. Major altcoins mirrored the move: Ethereum held at $1,917 with a 2% weekly increase. This fresh momentum also reached multi-asset ETFs during trading on July 21. Cointelegraph data recorded inflows of $37.47 million into ETH products, $5.83 million into SOL, and $5.66 million into XRP.
This shift in capital flows is gradually thawing market sentiment. The Crypto Fear & Greed Index reflected improving sentiment, climbing from “extreme fear” to “fear.”
Correlation with AI Chip Stocks
Throughout this month, Bitcoin’s price action has been closely tied to the AI trade narrative. The cryptocurrency rose in response to rallies in chipmaker stocks and retreated alongside the sector’s pullbacks. Shared risk appetite directed capital into both assets simultaneously, compounded by a strategic pivot among Bitcoin miners restructuring their business models to become AI data center operators.
Conventional equity markets, by contrast, have stalled. A two-day rebound in chip stocks lost steam as most traders took a wait-and-see approach ahead of Alphabet’s earnings report. This cautious stance weighed on Nasdaq 100 futures, which slipped 0.8%.
Macroeconomic policy is also in focus ahead of the upcoming Federal Reserve meeting on July 28-29. Amid the broader crypto market activity, the Hyperliquid token moved in the opposite direction, posting a 2% decline over the past seven days.
What Does This Streak Mean for the Long-Term Trend?
While the $930 million injection over the past week provided buying momentum, the crypto ecosystem’s investment deficit has not fully closed. On a year-to-date basis, spot Bitcoin ETF net flows still carry a $4.84 billion deficit.
This total deficit underscores that recent ETF inflows have yet to offset capital flight from previous months. Analysts point to a key technical benchmark: Bitcoin must break through and hold between $65,000 and $65,500 to sustain its upward trajectory. For portfolio managers, resilience at this level will be decisive - holding firm confirms the start of a new growth phase, while slipping back suggests this influx is merely a temporary pause before another wave of selling resumes.
Reported by Cointelegraph.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
