Spot BTC ETFs posted a $265.4M net outflow on the last trading day of July, after a choppy week of alternating in- and outflows; ETH ETFs saw modest inflows of $9M on the same day. On-chain analysis also shows roughly 1 million BTC concentrated near the $62K-$63K level, about 8% of circulating supply.
Matters because: The market looks sensitive to small catalysts, with relatively minor flows or headlines able to trigger outsized volatility in either direction.