BlackRock's IBIT saw its highest single-day inflow of funds yesterday since March

According to the BlackRock IBIT report, investor inflows reached $526.7 million on July 22, setting a record for the highest single-day inflow since March. The latest on-chain data analysis from CryptoQuant indicates that Bitcoin holders are clearly reluctant to sell their assets, suggesting that as people regain interest in BlackRock's Bitcoin ETF, investors' long-term confidence in cryptocurrencies continues to strengthen. The report further points out that a decrease in willingness to sell assets could reduce the supply of Bitcoin on the market and coupled with stable or increasing demand, may further drive up prices.