BITO: Hits $40B July Volume, Tops IBIT

BITO ranked as the sixth most traded ETF today with July volume reaching $40b, double the $20b recorded by the larger IBIT despite spot products typically dominating futures vehicles.

Bitcoin trades at $65993.71 inside its Bollinger Bands with the upper resistance at $67089.82 and lower support at $64223.14. The structure remains bullish above the EMA50 at $64957.36 and EMA200 at $63714.07, yet the MACD death cross at 424.17 warns of fading momentum while RSI at 57.77 stays neutral, pointing to a likely pullback toward the 50-EMA before any continuation higher in BTC price prediction scenarios.