Institutional ETF Flows & Whale Accumulation

BTC ETF net inflows $172.4M in July but late-month $265.4M outflow (BlackRock/Fidelity) signals weak momentum. Whale accumulation of 19,696 BTC in 8 days ($1.25B) contradicts price action. ETH ETFs attracted $365M inflows but on-chain metrics not at bottom, tempering rally. FOMC next week key. BTC gained 7% in July despite macro headwinds, showing resilience.