Bitcoin (CRYPTO: BTC) long-term holder supply hit a new all-time high, according to CoinGlass, even as price pulled back from a one-month high on rising oil prices.
What Is The Long-Term Holder Data Saying?
Long-term holders are accumulating at record levels even as short-term price action stays choppy.
Crypto analyst Ali Martinez flagged $69,340 as the level that matters most from here, noting that every rebound since November has been rejected at the Short-Term Holder Realized Price — the average cost basis of addresses that have held BTC for less than 155 days.
With Bitcoin back near $66,000, that level is the next real test for bulls.
ETFs Extended Their Inflow Streak To Six Days
U.S. spot Bitcoin ETFs added $203.1 million Tuesday, extending their inflow streak to six consecutive sessions and pulling in roughly $930 million over that run, their longest streak since April, according to SoSoValue data.
However, total net flows remain down $4.84 billion year to date.
Why Did Bitcoin Pull Back From Its One-Month High?
WTI crude topping $85 per barrel for the first time since June 12 was the trigger, according to CoinDesk.
Escalating Iran conflict tensions pushed oil higher, reviving inflation concerns that have weighed on risk assets for much of the year.
Nasdaq 100 and S&P 500 (NYSE:SPY) futures both fell while gold climbed 0.95% to $4,118 and silver gained 1.2% as investors rotated into haven assets.
Meanwhile, Bitcoin dominance climbed to 59% as capital retreated from altcoins into the relative safety of the largest token, a pattern that typically signals risk-off positioning within crypto rather than an exit from the asset class entirely.
Is Bitcoin’s Structure The Most Constructive It Has Been In Months?
Bitcoin pulled back roughly 1% after the push into the $66,000 to $67,000 resistance zone — a level that has capped price since the June breakdown.
The pullback is coming towards the 50-day EMA at $65,079, which is exactly how a healthy breakout behaves: the prior resistance cluster becomes the retest support level.
Moreover, Bollinger Bands are expanding upward after a squeeze phase, with the upper band at $66,241 tested on Tuesday.
Key Bitcoin Levels — July 22, 2026
| Type | Price | Significance |
| Support | $65,079 | 50-Day EMA — must hold on daily close to keep path to $68K open |
| Support | $64,191 | 20-Day EMA — secondary support below |
| Resistance | $67,000 | Pink resistance zone where sellers appeared Tuesday |
| Resistance | $68,014 | 100-Day EMA — next major target above resistance zone |
| Resistance | $69,340 | Short-Term Holder Realized Price — ceiling on every rally since November |
| Resistance | $73,859 | 200-Day EMA — longer-term bull target |
| Bollinger Upper Band | $66,241 | Tested Tuesday — bands expanding upward after squeeze |
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