BlackRock's IBIT pulled in $116 million in a single Monday session, and that one number tells you most of what you need to know about why Bitcoin is back above $66,000. The fund led the pack as US spot Bitcoin ETFs collectively recorded roughly $227 million in net inflows on July 21, 2026, snapping a stretch of outflows that had dragged through May and June.
Five consecutive days of positive flows. That's the streak that pushed Bitcoin through the $66,000 mark, bringing 24-hour trading volume past $31 billion. Total net assets across all US spot Bitcoin products now sit at nearly $79 billion, a figure that would have seemed ambitious not long ago. The $60,000 support zone had been tested repeatedly during the spring, and institutional buying is what steadied the floor.
Analyst Ted Pillows put it plainly: clearing $65,000 opens a near-term path toward $67,500 to $68,000. If Bitcoin reclaims that upper band, he sees another 5 to 6 percent move happening quickly. The math is simple enough. Each resistance level cleared shortens the distance to the next.
Alongside the BTC price action, a smaller story has been gaining traction in the infrastructure space. LiquidChain, which markets itself as a bridge between Bitcoin's liquidity and other major blockchain ecosystems, has raised over $914,000 in its presale, putting it within striking distance of the $1 million mark before the end of July. Whether that milestone lands on time depends on momentum holding through the final days of the month.
The combination of ETF inflows and presale activity points to appetite across different risk tiers: institutional desks buying spot exposure, retail participants chasing earlier-stage plays. Both things can be true at once, and right now they are.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk. Always do your own research before making any investment decisions.
