Stock Market LIVE Updates, Sensex Today: Sensex Drops 180 Points As Oil Touches $95 Amid US-Iran War

Vikram Subburaj, CEO, Giottus.comBitcoin traded near $65,800 on Thursday, down about 1% over 24 hours, as the market consolidated after its recent advance. Immediate support lies around $65,500, followed by $65,000. A break below this region could expose the stronger on-chain demand shelf near $63,000. Resistance is visible around $66,500-$67,000, while the short-term-holder cost basis near $69,000 remains the more consequential hurdle.On-chain conditions are improving, although the recovery remains narrow. Around 10% of Bitcoin's supply has a cost basis near $63,000. This could provide a strong support zone if prices decline. Exchange inflows have fallen to a fraction of their early-June peak, indicating that immediate selling pressure has eased. However, recent accumulation has been concentrated among wallets holding 1,000-10,000 BTC, while broader wallet participation remains limited.US spot Bitcoin ETF demand has strengthened materially. After a $424.7 million outflow on July 13, funds recorded six consecutive positive sessions between July 14 and July 21, attracting a combined $930.2 million. July 22 showed a preliminary inflow of only $3.8 million, with several major fund figures still unavailable.Large-cap altcoins were mildly weaker. Ethereum declined about 0.3% to $1,929, BNB lost 0.5% to $570, XRP slipped 0.4% to $1.14, Solana fell 0.5% to $77.88, and TRON was nearly unchanged at $0.329. The limited moves indicate consolidation rather than broad altcoin capitulation.The July 28-29 Federal Reserve meeting remains the key macro catalyst. Economists surveyed by Reuters expect the policy rate to remain at 3.50%-3.75%, although oil above $94 and the US 10-year Treasury yield near 4.66% have revived inflation and rate-hike concerns.Our advice: Investors should avoid chasing Bitcoin near resistance. Staggered accumulation and disciplined position sizing remain preferable until Bitcoin clears $69,000 with sustained spot and ETF demand.