Bitcoin (BTC) rose to around $65,510 on July 21, while tech stocks faced simultaneous pressure. Kobeissi Letter, citing data from Goldman Sachs, said that over the past 8 weeks, hedge funds sold tech stocks in 6 of those weeks, pushing total net selling over the past 8 weeks to at least the highest level in 10 years. An Iranian ballistic missile hit U.S. military residential facilities at the Muwaffaq Salti Airbase in Jordan, killing 2 U.S. personnel.
Bitcoin repeatedly holds the $65,000 key threshold
TradingView data shows that around the start of the Wall Street session on Monday, Bitcoin’s price volatility picked up again. BTC touched around $65,510 and held the $65,000 psychological level. Bitcoin traders remain cautiously optimistic that BTC/USD could move toward $70,000 next.
Hedge funds sell tech stocks: highest in at least 10 years within 8 weeks
(Source: Kobeissi Letter)
Kobeissi Letter on X cited Goldman Sachs data, saying: “Hedge funds sold information technology stocks in 6 of the past 8 weeks, bringing the total selling over the past 8 weeks to at least the highest level in 10 years.” Crypto-related stocks were also affected, with the market describing it as a “record pace of selloff” in U.S. tech stocks.
As of the time of publication, both the S&P 500 Index and the Nasdaq Index were up slightly. The Dow Jones Index fell 0.3% on the day. Factors weighing on the market include the ongoing Iran-U.S. conflict suppressing risk appetite and the continued spillover from the institutional tech-stock selloff.
Casualties from Iran’s missile attack on a base in Jordan: 2 U.S. service members killed
According to a July 20 exclusive report by The Wall Street Journal, an Iranian ballistic missile hit the U.S. military’s containerized housing unit (CHU) at the Muwaffaq Salti Airbase in Jordan. The key casualty figures are as follows:
Number of fatalities: 2 U.S. personnel confirmed dead, both from the U.S. Army Air and Missile Defense unit
Third-party remains: Remains of a third person were found on site, and identity verification is currently underway
Scale of the attack: The Muwaffaq Salti Airbase was hit by 3 missile strikes within 24 hours
Total casualties: Pentagon spokesperson Sean Parnell said that since July 7, 2026, nearly 100 U.S. service members have been assessed as having suffered injuries of varying severity, with 96% having returned to duty, and the vast majority of injuries being minor concussions
U.S. military officials said Iran has adjusted its tactics toward U.S. defense systems, using missiles with fast launch speeds and the ability to maneuver and change trajectory close to the ground to improve penetration capability. Three missiles successfully breached the U.S. air defense system, highlighting the challenge of protecting roughly 50,000 U.S. service members in the Middle East.
Oil price trend and Trump retaliation statement
WTI crude oil futures have held above $80 per barrel, and the Strait of Hormuz has remained closed amid ongoing escalation of rhetoric between the U.S. and Iran. In a social media post on Monday, Trump said: “Every time Iran kills a U.S. soldier, they will pay many times over for it! This order has been delivered to War Minister Pete Hegseth, the Chairman of the Joint Chiefs of Staff Daniel Caine, and all leaders in the military.”
The U.S. military then announced it would launch a new round of military operations aimed at further weakening Iran’s ability to attack commercial shipping through the Strait of Hormuz. Iran’s Supreme Leader, Mojtaba Khamenei, said that if the U.S. continues to strike Iran, it will face “a lesson that cannot be forgotten.”
Frequently asked questions
What were Bitcoin’s quotes and market trend on July 21, 2026?
Based on TradingView data, on July 21, 2026 (Monday), Bitcoin rose to around $65,510, but multiple attempts to hold $65,000 failed. Traders remain cautiously optimistic about the outlook for a move toward $70,000, but on the day, BTC’s price action was still influenced by macro pressure from the Iran-U.S. conflict and the selloff in tech stocks.
How large was the hedge fund tech stock selloff shown by Goldman Sachs data?
According to Goldman Sachs data cited by Kobeissi Letter, hedge funds sold information technology stocks in 6 of the past 8 weeks, bringing total selling over the past 8 weeks to at least the highest level in 10 years. As of July 21, the S&P 500 and Nasdaq indices were up slightly, while the Dow Jones Index fell 0.3%.
What is the latest casualty situation from Iran’s missile attack on a U.S. base in Jordan?
According to a July 20 report by The Wall Street Journal, 2 U.S. service members were killed (both from the U.S. Army Air and Missile Defense unit). The remains of a third person are undergoing inspection. The Pentagon said that since July 7, 2026, nearly 100 U.S. service members were injured, with 96% having returned to duty.
