Bitcoin Closes July at $64,300: ETF Flows, Whale Accumulation, and What to Watch in August

Bitcoin closed July 2026 at $64,295, up roughly 9% from June lows and sitting at approximately half its October 2025 all-time high of $126,080. The month produced two conflicting data sets: U.S. spot ETF demand at its weakest monthly reading since the product launched in January 2024, and on-chain whale accumulation at levels not seen in years. Both cannot be right about what comes next. Key Takeaways Bitcoin closed July at $64,295, up 8.84% on the month but down 49% from its October 2025 ATH of $126,080. U.S. spot Bitcoin ETFs recorded roughly $205 million in net July inflows, the smallest monthly total since launch, though July 30 alone brought $233.1 million led by BlackRock's IBIT. On-ch…
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