Overview
- On Tuesday, July 21, reports that President Trump accepted an ethics provision sent Polymarket odds for the CLARITY Act to about 43% and helped lift bitcoin above $66,000 and ether toward $1,900.
- U.S. spot Bitcoin ETFs recorded five straight days of net inflows worth hundreds of millions and renewed spot ETH funds also saw inflows, providing immediate buying pressure behind prices.
- Large corporate accumulation tightened available supply, with BitMine reported to hold roughly 5.7 million ETH, and whale activity showed withdrawals and staking that removed tokens from exchanges.
- Derivatives and on‑chain measures signaled growing position building, with rising futures open interest, call‑heavy options flows and long‑term holder purchases even as traders continued to buy hedges.
- The reports remain unconfirmed, no bill text has been published and Senate negotiators face early‑August recess timing, while near‑term risks from the Fed meeting, heavy Treasury issuance and regional tensions could reverse the rally.