BTC held its range, ETH's June cross hit +21%, and the Fed decides Wednesday.

Bitcoin MACD

Your weekly crypto brief

July 20 – July 27, 2026

A person having tea by a window while wind blows leaves in two directions outside; BTC held $64K-$67K all week

Quick Pulse

• Past 7 days: BTC $65,341 (+0.2%)  •  ETH $1,953 (+2.6%)  •  SOL $76.69 (−1.3%)

• No new daily crossovers this week. BTC and ETH held their bullish states; SOL stayed bearish.

• Top story: spot Bitcoin ETFs gave back $465M in two days. Last issue's inflow streak didn't survive the week.

The Signal

On the surface, this was the quietest week in a month. BTC spent all seven days pinned between roughly $64K and $67K and finished almost exactly where it started. ETH drifted up, SOL drifted down, and no daily crossover fired on any of the three.

Underneath, the summer's loudest tug-of-war. The ETF inflow streak we flagged last issue didn't survive: $465M left US spot Bitcoin funds in two days, and sentiment gauges swung back to fear.

At the same time, long-term holders pushed their holdings to a record. About 83% of all Bitcoin hasn't moved in five months. Funds selling, patient hands absorbing, both at once.

Our indicator doesn't referee that argument. It reads momentum, and momentum hasn't broken.

BTC's daily MACD has held a bullish state since July 1, up 9% since. ETH's June 29 state is up 21%, the strongest run of the three. SOL's July 12 bearish flip has cost nothing so far: it trades within a dollar of where it crossed.

What We're Watching

SOL's daily MACD has crept all the way back up to its signal line, the thinnest gap since the July 12 flip. One good day probably flips the state back; one bad day re-opens it. Either way, we learn whether July 12 was a whipsaw.

Wednesday at 2 PM Eastern, the Fed announces its rate decision. BTC's range has now held for three weeks, and macro days like this are when tight ranges tend to resolve. We have no opinion on which way.

Worth Reading

Bitcoin ETFs shed $465M over two days, led by BlackRock's IBIT

Decrypt — Two days of outflows reversed most of the $1B that had flowed in over the prior seven sessions, with BlackRock's IBIT leading the exits.

Bitcoin long-term holder supply hits all-time high of 16.64 million BTC

Crypto Briefing — Coins untouched for at least 155 days now cover roughly 83% of circulating supply, a record reached straight through the price weakness.

BlackRock, Coinbase, Strategy pledge $15M to prepare Bitcoin for quantum threats

CoinDesk — Nine firms launched the Bitcoin Security Consortium to fund open-source security work, with post-quantum cryptography the headline concern.

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Indicator activity only. Not financial advice. Past performance does not indicate future results.

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