Bitcoin Eyes $100K as ETF Inflows Return, CPI and Fed Decision Become Key Catalysts

Bitcoin is showing signs of renewed strength after buyers successfully defended a major historical support zone, ending weeks of heavy selling pressure. The market is now focused on upcoming U.S. inflation data and the Federal Reserve’s next policy meeting, both of which could determine whether BTC rallies toward the $100,000 mark or faces another sharp correction.

One of the biggest shifts came from spot Bitcoin ETFs. After enduring 10 straight days of net outflows totaling $2.73 billion, the funds recorded a net inflow of $221 million on July 9. The reversal suggests institutional selling pressure may be fading, giving the market a stronger foundation for a potential recovery.

Bitwise analysts believe the recent decline represents a classic leverage squeeze that flushed excessive speculation from the market. According to the firm, the derivatives reset may have established a local bottom, reinforcing its year-end Bitcoin price target of $100,000 if market conditions continue to improve.

Meanwhile, Solana is strengthening its position in the real-world asset (RWA) tokenization sector. The blockchain attracted a record $1 billion in net inflows over the past 30 days, significantly outperforming BNB Chain, which recorded approximately $292 million during the same period. The milestone highlights growing investor confidence in Solana’s expanding tokenization ecosystem.

Attention now shifts to key U.S. macroeconomic events. The Consumer Price Index (CPI) and Producer Price Index (PPI), scheduled for July 14–15, are expected to influence sentiment across risk assets. Softer-than-expected inflation readings could fuel a Bitcoin short squeeze and support a move higher, while stronger inflation data may increase selling pressure.

The Federal Open Market Committee (FOMC) meeting on July 28–29 is expected to provide the next major catalyst. Investors will closely watch for any signals of future interest rate cuts or a more accommodative monetary policy. A dovish Fed could strengthen bullish momentum and push Bitcoin out of its current consolidation range, while a more hawkish stance may increase volatility and raise the risk of a deeper pullback toward lower support levels.