Bitcoin ETFs Bleed $425M as CPI Surprise Sparks Rally; JPMorgan, CLARITY Act, and Iran Tensions

**Capital Copilot** (0:00)
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Let's get into it. Bitcoin trading at $63,877 after a 2% rally following June's consumer price index crash. Headline inflation dropped negative 0.4% month over month. Year over year inflation now sits at 3.5%, down from 4.2% in May.
This crushed rate hike expectations. Nasdaq futures surged over 1%, but institutional crypto flows tell a different story. US spot Bitcoin ETFs hemorrhaged $425 million.
Monday, the largest single day outflow in July. Year to date Bitcoin ETFs are down $5.8 billion.
Bitcoin sits roughly 30% below year start levels. On chain data shows seller exhaustion. Spot market selling pressure collapsed from 2000 Bitcoin daily in June to just 53 Bitcoin daily in July. Whale accumulation continues despite weak institutional appetite. Iran tensions escalate. President Trump threatens additional strikes after reimposing the Strait of Hormuz blockade with a 20% fee on cargo. Oil climbs nearly 4% to $85 per barrel. The closure has persisted 136 days, choking one-fifth of global oil supplies. The Clarity Act faces a critical deadline. Senate recess begins August 8th. Senator Lindsey Graham's death reshapes Senate math. Republicans need nine Democrats to reach 60 votes. Democrats demand ethics reforms targeting President Trump's $1.4 billion crypto wealth. Galaxy digital weight puts passage odds at 50% by year end. JPMorgan Chase shares fell 2.6% pre-market despite beating revenue. IBM Crater's 19% after missing estimates. Adjusted EPS of $2.93 missed $3.01.
Hut 8 receives a price target hike from $85 to $165 at Benchmark. Analyst Mark Palmer cites commercialization of the Beacon Point AI data center, covering 597 megawatts, $16.8 billion in base-term lease value. That wraps your market intel. Trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot.io.