“Despite the decline in optimistic sentiments among traders, BlackRock’s Bitcoin ETF continues to attract significant investments,” the report states. Since last week, BlackRock’s iShares Bitcoin Trust (IBIT) has amassed millions from investors. On July 18, the fund attracted $107 million, marking the ninth consecutive day of inflows. Notably, seven of these nine days saw inflows exceeding $100 million.

However, the analytical company Santiment notes a sharp decline in positive comments about Bitcoin on social media. “Many traders, especially on @binance, are opening short positions, expecting a drop in BTC price,” experts from the company state.

Nevertheless, the cryptocurrency fear and greed index indicates optimism in the market. Currently, the index rates the market as “greedy” with a score of 60 out of 100, a significant rebound from the “extreme fear” zone (25 out of 100) on July 12, the lowest level since January 2023.