Bitcoin Trades Flat as it Enters Consolidation Phase

Dow Jones07-21

0252 GMT - Bitcoin is little changed at $65,310.22 in early Asian trading. The cryptocurrency is consolidating around the $64,500 level, supported by healthy investor gains and stable positioning in derivatives markets, says crypto research firm Glassnode analyst Chris Beamish. Speculative appetite is gradually returning, with futures and options open interest increasing, while U.S. spot bitcoin ETF flows have recovered toward breakeven, suggesting institutional selling pressure is easing. However, the growing share of short-term, price-sensitive capital in trading may lead to sharper price volatility, Glassnode adds. (jason.chau@wsj.com)

 

(END) Dow Jones Newswires

July 20, 2026 22:52 ET (02:52 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment