Bitcoin · 2026-07-25

That day's trend: Neutral leaning bullish

That day's view: BTC opened at $64,140 on July 25 and closed at $64,375, with an intraday high of $64,475 and low of $63,810 — a window gain of +0.37%. Aggregate on-chain volume reached 8,863 BTC: price edged higher in a measured way, but the participation was not deep enough to confirm a clean breakout. Perpetual funding averaged +0.00403% across the four funding windows and stayed positive, running roughly 1.74x ETH's level with no flip into a negative carry. Open interest (OI) added +1.31% on the day, with price and notional rising together — a configuration closer to a (a) mild incremental-positioning rebound rather than a pure short-covering rally. The Fear & Greed Index slipped to 27, keeping the market squarely in the Fear zone; sentiment has yet to re-rate in sync with the price recovery. Near-term, the $63,810 support and the $64,475 resistance are the lines to watch: a high-volume close above the upper bound would validate continuation of the rebound, while a clean break below the lower bound would invalidate the bounce structure.

Key Data

BTC closing price: $64,140.00 at UTC 2026-07-25 00:00, $64,408.00 at UTC 2026-07-25 24:00, a window change of +0.37%.
Intraday range: high $64,475.28 / low $63,810.00; absolute range $665.28 (1.04% of price).
24-hour aggregate on-chain volume: 8,863 BTC (~$568M notional).
Perpetual funding rate: 4-window average +0.00403% (07-25 00:00 +0.00607% / 07-25 08:00 +0.00543% / 07-25 16:00 +0.00073% / 07-26 00:00 +0.00388%).
Taker buy/sell ratio: 24-hour mean 1.0001, latest 0.7491.
Retail long/short account ratio: 24-hour mean 1.8347, latest 1.8035.
Top-trader long/short position ratio: 24-hour mean 1.6435, latest 1.6188.
Open Interest (OI): net +1.31% over 24h; current OI = 107,509 BTC.
Perpetual basis: stable within the -0.05% to +0.05% band.
Fear & Greed Index: 27 on 2026-07-25 (Fear).

24H Price Review

Phase 1 — Early session (UTC 00-06): open $64,140.00 → $64,024.00, -0.18%, 6h volume 2,246 BTC.
Phase 2 — Pre-noon (UTC 06-12): open $64,024.00 → $64,064.01, +0.06%, 6h volume 3,405 BTC.
Phase 3 — Afternoon (UTC 12-18): open $64,064.01 → $64,267.40, +0.32%, 6h volume 1,243 BTC.
Phase 4 — Close (UTC 18-24): open $64,267.41 → $64,375.00, +0.17%, 6h volume 1,969 BTC.

Macro Calendar

🟡 2026-07-28 (Tue) · U.S. June Durable Goods Orders · Impact: Medium
🔴 2026-07-29 (Wed) · FOMC July Rate Decision · Impact: High
🔴 2026-07-30 (Thu) · FOMC Chair Press Conference (Powell) · Impact: High

Bull vs. Bear

Phase 1 (UTC 00-06) single-phase sharp sell-off -0.18% with concentrated volume of 2,246 BTC | tagged the window low of $63,810.00 — a textbook "event-driven liquidation cascade" pattern.
OI net +1.31% over 24h while price fell = active short accumulation | OI added +1,394 BTC against a price drop of -0.37%, classic active short accumulation.
Range 1.04% high volatility reflects fierce bull-bear contest | 24h range of 1.04% hit a recent high; rising price volatility = elevated position-holding risk.
Phase 3 (UTC 12-18) single-phase rebound +0.32% on 1,243 BTC volume | tagged the window high of $64,475.28 — a textbook "post-shock technical bounce" pattern.
Top-trader long/short ratio 24h mean 1.64 — institutions mildly bullish | top-trader L/S averaged 1.64 / closed 1.62, indicating institutions held a mildly bullish stance through the window.
Close at $64,375.00 held within the $63,810.00-$64,475.28 range | 24h price remained inside the window range and never broke the lower bound = short-term support intact.