Bitcoin Outlook Improves as Exchange Inflows Stay Low, BlackRock IBIT Draws $557M

Bitcoin short-term outlook is improving as mid-sized investors are not sending large amounts of BTC to exchanges.

At the same time, BlackRock’s spot Bitcoin ETF continues to see steady demand from institutional investors.

Bitcoin Exchange Inflows Remain Below Previous Sell-Off Levels

CryptoQuant analyst Amr Taha revealed Bitcoin inflows from mid-size investors remain below, or close to, the levels seen on June 22. That reduces the likelihood of a sell-off similar to previous market corrections.

On July 23, Binance recorded inflows of 3,000 BTC, down from 3,446 BTC on June 22. Coinbase received 2,600 BTC, slightly higher than its previous 2,170 BTC. Coinbase Prime recorded 1,264 BTC, below the earlier 1,560 BTC.

Combined inflows across the three platforms reached 6,864 BTC. That was slightly below the 7,176 BTC the market saw on June 22.

The gap between Binance and Coinbase also narrowed. It fell from 1,276 BTC to just 400 BTC, suggesting selling activity was spread more evenly across exchanges.

Taha said previous Bitcoin corrections in October 2025 and January 2026 were marked by sharp inflow spikes on a single exchange. Those concentrated inflows created localized selling pressure.

This time, no similar spike has appeared. According to Taha, that suggests the market is not showing the same immediate bearish setup.

With Bitcoin trading near $65,800, the restrained and balanced inflows point to limited short-term selling pressure. This may explain why Bitcoin price only dipped mildly in the past few days amid the correction that followed after its price reached $66,900 two days ago.

BlackRock’s IBIT Extends Inflow Streak

Meanwhile, institutional demand also remained strong through U.S. spot Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) attracted about $557 million in net inflows across four consecutive positive trading sessions between July 14 and July 21.

The fund added about $155 million on July 14, $131 million on July 17, $114 million on July 20, and $157 million on July 21. The final three sessions accounted for roughly $402 million of the total.

Demand extended beyond BlackRock. On July 20, 21Shares’ ARKB attracted about $70 million. Together, the two funds recorded roughly $184 million in inflows that day.

Consistent BTC ETF Demand Supports Bullish Outlook

Rather than focusing on a single large inflow, Taha said the more important signal is the consistency of positive ETF flows over several trading sessions.

If spot Bitcoin ETFs continue attracting capital at similar levels, it would point to sustained institutional demand. Combined with muted exchange inflows, that could reinforce the constructive outlook and ease concerns about near-term selling pressure.