BlackRock IBIT fund inflows hit highest single-day inflow since March

Odaily News According to the BlackRock iShares Bitcoin Trust Fund report, investor inflows reached $526.7 million on July 22, the highest single-day inflow since March. CryptoQuants latest on-chain data analysis shows that Bitcoin holders are clearly reluctant to sell their assets, indicating that investors long-term confidence in cryptocurrencies is growing as people regain interest in BlackRocks Bitcoin ETF. The report further pointed out that the reduced willingness to sell assets may reduce the supply of Bitcoin in the market, which, combined with stable or increased demand, may further drive prices up. (Decrypt)