Bitcoin Hits All-Time High; ETFs Experience Outflows
Key Takeaways
- Bitcoin price dipped below $117,000 after hitting all-time high of $122,838 on July 22.
- SpaceX moved $153M in Bitcoin; Sequans acquired 1,264 BTC for $150M on July 22.
- BlackRock CEO sees Bitcoin as a hedge, potentially reaching $700K; analyst suggests $95K re-entry.
- DXY downtrends historically coincide with Bitcoin bull runs, potentially fueling bullish crypto momentum.
- The Blockchain Group acquired 22 Bitcoin for $2.5M, bringing total holdings to 1,955 BTC.
Top Stories
Bitcoin ETFs see outflows, Ethereum ETFs attract inflows; Bitcoin price dips.
On July 21-22, 2025, Bitcoin ETFs experienced outflows of approximately $131 million, ending a 12-day inflow streak, while Ethereum ETFs saw inflows of around $297 million. Bitcoin's price dipped below $117,000, with market dominance at 60.4%, and the total crypto market cap at $3.92 trillion.
Bitcoin hits all-time high, other cryptos surge.
Bitcoin reached an all-time high of $122,838, with XRP hitting $3.65, Solana at $200, and Pepe at $0.00001387 on July 22, 2025. The market dipped 4.3% in 24 hours.
SpaceX moves $153 million in Bitcoin.
On July 22, 2025, SpaceX transferred approximately $153 million worth of Bitcoin, marking its first on-chain activity in three years.
Sequans Communications acquires Bitcoin.
On July 22, 2025, Sequans Communications acquired 1,264 Bitcoin for $150 million, doubling its holdings to 2,317 BTC. Sequans aims to establish Bitcoin as its primary treasury reserve asset.
BlackRock CEO sees Bitcoin as a hedge.
BlackRock CEO Larry Fink sees Bitcoin as a hedge against local fears and predicts it could rise to $700,000 if 2-5% of capital is allocated to it. Tom Lee of Fundstrat Global also predicts a potential rally to $1 million per BTC.
Analyst suggests re-entry opportunity for Bitcoin.
An analyst suggests waiting for a re-entry opportunity around $95,000 for a better risk-reward ratio for Bitcoin. The analyst previously discussed the $110,000 level where long-term holders take partial profits.
DXY downtrends coincide with Bitcoin bull runs.
The U.S. Dollar Index (DXY) has broken below a long-term ascending channel, and historically, DXY downtrends coincide with major Bitcoin and altcoin bull runs. A weaker dollar may fuel bullish momentum in crypto.
The Blockchain Group acquires 22 Bitcoin.
The Blockchain Group announced the acquisition of 22 bitcoin for approximately €2.2 million (about $2.5M) on July 21, 2025, bringing its total holdings to 1,955 BTC. The company reported a year-to-date BTC yield of 1,373.2%.
Expert Take
Analyst predicts super bull cycle for Bitcoin.
Analyst Lark Davis predicted a super bull cycle for Bitcoin and altcoins, driven by institutional demand, regulatory clarity, and macroeconomic factors on July 21, 2025. Bitcoin reached a new record of $123,000.
Peter Schiff advises selling Ethereum, buying Bitcoin.
On July 21, 2025, Peter Schiff advised selling Ethereum and buying Bitcoin, viewing ETH's recent rally as a temporary bounce. Despite Schiff's bearish view, Ethereum surpassed $3,700.
Market Pulse
Market sentiment split on Bitcoin's ability to hold above $120K.
A report on CryptoPanic.com discusses the split opinions among bulls and bears regarding Bitcoin's potential to hold above $120K on July 22, 2025. The Myriad prediction market shows nearly even odds, indicating uncertain market sentiment.
Bearish outlook on Bitcoin.
Seeking Alpha highlights that Bitcoin's price surge is driven by hype and speculation, with declining trading volumes and active addresses. Daniel Jones maintains a 'strong sell' rating.
Piper Sandler warns of potential Bitcoin pullback.
Piper Sandler warns that Bitcoin could pull back with equities in the coming weeks due to tariff or rate related worries. The cryptocurrency has seen a 54% return since April 9.
Bitcoin dominance decline.
Arthur Driessen states that the decline in Bitcoin's dominance will not negatively impact its medium and long-term uptrend. Bitcoin's price may exceed $300,000.
Price Watch
Bitcoin price consolidates, testing $120,000.
Bitcoin is trading around $116,934 on July 22, 2025, with potential to test the $120,000-$121,000 range. Coinbase reported Bitcoin trading at $119,650, up 2.25% in the last 24 hours.
Bitcoin consolidates near record highs, bullish trend predicted.
The BTC/USD pair is consolidating near record highs, supported by strong ETF inflows, with a bullish trend indicated by technical analysis. A bullish breakout to $123,200 is predicted.
Bitcoin price consolidates below $120,000.
Bitcoin price is consolidating below $120,000, with traders eyeing a potential dip to $115,000. Glassnode reported Bitcoin profitability indicators have begun to cool.
Bitcoin holds above $116,000.
Major digital assets were mixed Monday, with Bitcoin holding above $116,000.