Bitcoin whale activity decreases, price holds near $67,000

Recent data shows a significant decrease in whale and trading activity as Bitcoin approaches $67,000. The number of single Bitcoin transactions worth at least $100,000 fell from 9,176 to 6,101 in the past 24 hours, a decrease of 33%.

**Bitcoin trading activity drops**

At the same time, Bitcoin trading activity also declined. The number of Bitcoins entering exchanges dropped from 48,289 to 26,073, while the number of Bitcoins leaving exchanges and entering self-hosted wallets dropped from 52,616 to 23,355. This suggests that Bitcoin holders are waiting to see where the market will go.

**Market Sentiment Analysis**

Bitcoin’s relative strength index (RSI) is hovering around 60, indicating uncertain market conditions. To remain bullish, the RSI needs to drop below 50. On July 5, Bitcoin’s RSI was 28 when the price was $54,000, indicating oversold conditions.

**Current Market Conditions**

Bitcoin has gained 0.55% in the past 24 hours and is currently trading at $67,000, with a market capitalization of approximately $1.32 trillion and daily trading volume of $18 billion. One positive factor is continued inflows into U.S. spot BTC ETFs, helping the investment product’s market capitalization top $17 billion.

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