Bitcoin's growth has slowed, and the cryptocurrency market is entering an accumulation phase
According to the latest report, Bitcoin's growth in June only reached about 2%, the lowest since July last year. This is a signal that caution is prevailing in the cryptocurrency market after a prolonged period of volatility.
ETF capital flows and whale behavior
Although U.S. spot ETF funds continue to record net inflows of up to $3.9 billion for several consecutive weeks, large investors (whales) along with a group of smaller holders tend to take profits. This indicates that the market is showing signs of entering an accumulation phase rather than a strong breakout as before.
Current on-chain data and market sentiment
On-chain data analysis shows that profit-taking behavior has significantly slowed down. Analysts warn that the market is in a 'wait and see' phase, with traders and investors primarily holding positions, waiting for clearer signals from price movements. This sentiment has led to a slight reversal and distinct differentiation on the price chart.
Conclusion and optimal strategy for investing in cryptocurrency
In the current context, the appropriate strategy is to focus on potential assets with a solid on-chain foundation while avoiding emotional trading. Investors should maintain a long-term perspective, taking advantage of the market exploration phase to add to a reasonable portfolio, minimizing risks in a low volatility environment and unclear sentiment.
Source: https://tintucbitcoin.com/bitcoin-thang-6-thap-nhat-ca-voi-ban/
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