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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/21/2026

Bitcoin Stalls at $65K as Hedge Funds Dump Tech Stocks

What happened: Bitcoin has hovered around the $65,000 resistance level throughout July, with the price at $66,558.

Bitcoin Stalls at $65K as Hedge Funds Dump Tech Stocks

What happened: Bitcoin has hovered around the $65,000 resistance level throughout July, with the price at $66,558.81 as of July 21, 2026. This comes as Goldman Sachs Prime Services reports that hedge funds have net-sold US tech stocks in six of the past eight weeks—the largest such retreat in over a decade—reducing market value by approximately 10%. The heaviest selling has been in semiconductors, hardware, and software sectors.

Why it matters: Despite the tech sell-off, Bitcoin has maintained support above $65,000, suggesting a potential decoupling from traditional risk-on assets like the Nasdaq. Some analysts see a higher probability of a BTC breakout the longer it consolidates at this level, while others warn that deepening tech capitulation could test BTC’s $63,000 support. Macro risks, including US-Iran tensions and rising oil prices, add further uncertainty to both crypto and equity markets.

Source: Cointelegraph, Bloomberg