BlackRock IBIT saw its highest daily inflows since March yesterday

According to a BlackRock IBIT report, investor inflows reached $526.70 million on July 22, the highest single-day inflow since March. CryptoQuant's latest on-chain data analytics indicates that bitcoin holders are significantly reluctant to sell their assets, indicating growing long-term investor confidence in the cryptocurrency as interest in BlackRock's bitcoin ETF returns. The report further states that a decrease in willingness to sell assets could reduce the supply of bitcoin in the market, which, combined with stable or increased demand, could further drive prices higher.