Ether Rallies 3.64%, Bitcoin Gains 1.46% on U.S. CPI Beat; BTC ETF Sees $191M Inflows

According to Wintermute analysis on July 22, Ether rallied 3.64% and Bitcoin gained 1.46% following better-than-expected U.S. CPI data released that day. June CPI fell 0.4% month-over-month—the largest monthly decline since April 2020—with overall inflation dropping to 3.5% from 4.2%, below the market expectation of 3.8%. Following the CPI release, Bitcoin surged from around $62,000 to $64,900, while Ether climbed 7% to $1,884, triggering roughly $134 million in short liquidations within one hour.

U.S. spot Bitcoin ETFs saw combined net inflows of approximately $191 million on Tuesday and Wednesday, ending 10 consecutive days of outflows. Wintermute noted that Bitcoin's price gains held firm despite concurrent chip stock selloffs, suggesting crypto market structure is recovering, though a sustained uptrend remains unconfirmed.