Bitcoin Holds Firm Above $65,000 as ETF Inflows Counter Strategy Sales Ahead of CPI

Bitcoin climbed above $65,000 on Monday, gaining nearly 3% over the week, supported by strong US spot Bitcoin and Ether ETF inflows totaling around $1.1 billion—the strongest weekly haul since mid-April. A weak US jobs report eased fears of further Federal Reserve rate hikes, providing a risk-on backdrop ahead of the July CPI inflation data due Wednesday.

Despite Strategy (formerly MicroStrategy) disclosing the sale of 1,690 BTC for approximately $108.6 million at an average of $64,262 to fund preferred stock repurchases, and reducing holdings to 840,447 BTC, the market absorbed the supply without significant downside. The firm also raised $653 million via MSTR share sales, boosting its USD reserve to $4.65 billion. This balance-sheet management by the largest corporate Bitcoin holder occurred against a backdrop of low volatility and steady institutional demand via ETFs, with BlackRock’s IBIT leading inflows. The upcoming CPI print remains the key near-term catalyst; a cooler reading could reinforce rate-cut hopes and support further upside, while hotter data may pressure prices back toward the $64,200 support zone.

Other news:

Positive 📈

• US spot BTC and ETH ETFs recorded ~$1.1B net inflows, strongest since April.
• Solana led majors with nearly 5% weekly gain to ~$77.
• Weak July jobs report reduced rate-hike expectations.
• Iran-Oman deal talks eased Strait of Hormuz concerns, lifting risk assets.
• Robinhood launched zero-fee crypto trading in the UK via Bitstamp.
• Mastercard completed $1.8B acquisition of stablecoin firm BVNK.

Neutral ⚖️

• Bitcoin volatility index hit lowest levels since 2025 as option demand collapsed.
• US Senate failed to pass CLARITY Act before recess, delaying to September.
• BIP-110 soft-fork attempt produced only two blocks before stalling.

Negative 📉

• Strategy sold 1,690 BTC for $108.6M, second consecutive week of sales.
• Crypto exchange Coinsbuy lost $8M in coordinated TRON/Ethereum attack.
• Over 100 crypto projects shut down, bankrupt or ceased operations in 2026 so far.
• XRP lagged as the only major token down ~4% on the week.

Solana (SOL) has been the standout major mover, up almost 5% over the past seven days to trade near $76.7–$77, outperforming BTC and ETH (both ~+3%). Other notables include Pump.fun (PUMP) posting double-digit daily and weekly gains amid meme activity, and Worldcoin (WLD) up over 7–13% in recent sessions. XRP remains the laggard among large caps. Potential buying opportunities appear limited in a data-sensitive environment; dips toward $64,200–$64,500 on BTC or $72–$73 on SOL could attract buyers if CPI is benign, but elevated project shutdowns and residual sell pressure from corporate treasuries warrant caution. No clear high-conviction buys without confirmation of cooler inflation.