Bitcoin long-term holder supply hits record high as ETFs add $203.1 million

2 min read     Updated on 22 Jul 2026, 08:36 PM
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AI Summary

Bitcoin long-term holder supply reached a new all-time high, according to CoinGlass data, even as the price pulled back from a one-month high. U.S. spot Bitcoin ETFs extended their inflow streak to six days, adding $203.1 million on Tuesday. The price retreat coincided with rising oil prices and inflation concerns, leading to a rotation into haven assets like gold and silver. Technical indicators suggest Bitcoin is testing key support levels, with the 50-day EMA at $65,079 serving as a critical threshold for bulls.

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Bitcoin long-term holder supply reached a new all-time high, according to CoinGlass data, even as the price pulled back from a one-month high. The accumulation by long-term holders comes amid choppy short-term price action, with Bitcoin trading near $66,000. This trend suggests a divergence between investor conviction and immediate market volatility.

U.S. spot Bitcoin ETFs added $203.1 million on Tuesday, extending their inflow streak to six consecutive sessions. Data from SoSoValue indicates the funds have pulled in roughly $930 million over this run, marking the longest streak since April. Despite this recent momentum, total net flows remain down $4.84 billion year to date.

The price retreat coincided with WTI crude topping $85 per barrel for the first time since June 12, a move triggered by escalating Iran conflict tensions. This development revived inflation concerns, weighing on risk assets. Nasdaq 100 and S&P 500 futures both fell, while gold climbed 0.95% to $4,118 and silver gained 1.2% as investors rotated into haven assets. Bitcoin dominance climbed to 59%, indicating capital rotation from altcoins into the largest token rather than a full exit from crypto.

Technically, Bitcoin pulled back roughly 1% after testing the $66,000 to $67,000 resistance zone, a level that has capped price since the June breakdown. The asset is approaching the 50-day EMA at $65,079, a level that must hold on a daily close to maintain the path toward higher targets. Bollinger Bands are expanding upward after a squeeze phase, with the upper band at $66,241 tested on Tuesday.

Crypto analyst Ali Martinez flagged $69,340 as a critical level, noting that every rebound since November has been rejected at the Short-Term Holder Realized Price—the average cost basis of addresses holding BTC for less than 155 days. With Bitcoin back near $66,000, market participants are watching these technical thresholds closely for signs of the next directional move.

Key Bitcoin Levels — July 22, 2026

Type Price Significance
Support $65,079 50-Day EMA — must hold on daily close to keep path to $68K open
Support $64,191 20-Day EMA — secondary support below
Resistance $67,000 Pink resistance zone where sellers appeared Tuesday
Resistance $68,014 100-Day EMA — next major target above resistance zone
Resistance $69,340 Short-Term Holder Realized Price — ceiling on every rally since November
Resistance $73,859 200-Day EMA — longer-term bull target
Bollinger Upper Band $66,241 Tested Tuesday — bands expanding upward after squeeze

Will the sustained ETF inflows be sufficient to offset the negative year-to-date net flows and drive a breakout above the $69,340 resistance?

How might escalating inflation concerns and rising oil prices impact the risk appetite of institutional investors if the geopolitical tensions persist?

If Bitcoin fails to hold the 50-day EMA support at $65,079, what are the implications for the current long-term holder accumulation trend?

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Bitcoin dominance to rise, says Strategy CEO Phong Le

1 min read     Updated on 22 Jul 2026, 01:10 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Strategy Inc. CEO Phong Le predicts Bitcoin's market dominance will continue rising due to stablecoins, tokenization, and big bank adoption. Bitcoin's dominance grew from 40.83% in 2022 to 56.95%, supported by institutional inflows exceeding $50 billion and corporate treasury holdings over $125 billion. Strategy holds Bitcoin worth $55.5 billion.

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Strategy Inc. CEO Phong Le stated on Tuesday that Bitcoin's dominance in the cryptocurrency space is expected to keep increasing, fueled by stablecoins, tokenization, and big bank adoption. Le attributed the steady rise in market share over the last four years to institutional adoption and support from the U.S. administration. The CEO shared a chart from CoinGecko indicating that Bitcoin's dominance expanded from 40.83% in 2022 to 56.95% as of this writing.

Bitcoin Dominance Trends

Le highlighted that the expansion of the BTC-centric digital asset economy would further drive Bitcoin's market share. He noted that Bitcoin Treasury Companies, ETFs, institutions, and US support have contributed to the growth over the past four years. However, data shows a slight decline compared to a year ago, with dominance falling by 2 percentage points after hitting near four-year highs of 63% in June 2025.

Metric Value
Bitcoin Dominance (2022) 40.83%
Bitcoin Dominance (Current) 56.95%
Bitcoin Dominance (June 2025) 63%
Bitcoin Spot ETF Inflows Over $50 billion
Corporate Bitcoin Treasury Holdings Exceeding $125 billion

Institutional Adoption and Strategy's Holdings

The total stablecoin market capitalization increased by 6 percentage points, while institutional adoption remains strong. Over $50 billion has flowed into Bitcoin spot ETFs on Wall Street, according to SoSo Value. Corporate Bitcoin treasury holdings have surged exponentially, currently exceeding $125 billion, according to CoinGecko.

Le leads Strategy, the world’s most prolific buyer of Bitcoin, with a stash worth $55.5 billion as of this writing. Despite concerns about the firm’s financial strength following normalized Bitcoin sales, Le previously described Bitcoin as a hedge against inflation and "big government," stating that Strategy would continue to be the biggest buyer of the asset.

Market Performance

At the time of writing, BTC was exchanging hands at $65,845.17, up 0.36% over the last 24 hours. Strategy shares rose 0.20% in after-hours trading after closing 4.22% higher at $101.95 during Tuesday’s regular trading session.

What specific regulatory changes from the U.S. administration are anticipated to further accelerate institutional adoption?

How might the recent 2 percentage point dip in Bitcoin dominance since June 2025 impact the long-term strategy of Bitcoin Treasury Companies?

Could the exponential growth of corporate treasury holdings exceeding $125 billion trigger regulatory scrutiny regarding market concentration?

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