๐ Is Fresh Interest in Bitcoin Fading?
Bitcoin is showing signs of cooling momentum. Short-term holders (STH) have reduced their holdings by 800,000 BTC (โฌ๏ธ 15.1%) since late May, now holding just 4.5 million BTC. ๐ This drop suggests fewer new buyers are entering the market, and many recent investors may be selling to take profits or cut losses.
๐ฅ CryptoQuant data reveals that demand momentum has hit a record low, dropping by 2 million BTC. Over the past 30 days, demand grew by just 118K BTC โ half of what was seen in May. ๐ข
Even institutions are showing caution: whale accumulation has slowed to 1.7% monthly ๐, and daily ETF purchases have dropped from 9,700 BTC in April to just 3,300 now ๐ฆ. Meanwhile, traders are turning bearish, shorting BTC as it slips toward $105K ๐โthough some major institutions are still buying. ๐๏ธ
Bitcoin is showing signs of cooling momentum. Short-term holders (STH) have reduced their holdings by 800,000 BTC (โฌ๏ธ 15.1%) since late May, now holding just 4.5 million BTC. ๐ This drop suggests fewer new buyers are entering the market, and many recent investors may be selling to take profits or cut losses.
๐ฅ CryptoQuant data reveals that demand momentum has hit a record low, dropping by 2 million BTC. Over the past 30 days, demand grew by just 118K BTC โ half of what was seen in May. ๐ข
Even institutions are showing caution: whale accumulation has slowed to 1.7% monthly ๐, and daily ETF purchases have dropped from 9,700 BTC in April to just 3,300 now ๐ฆ. Meanwhile, traders are turning bearish, shorting BTC as it slips toward $105K ๐โthough some major institutions are still buying. ๐๏ธ
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BTC
103,212.07
-1.45%