Bitcoin finished July strong before losing momentum at the start of August with two straight daily closes below $63,000. Around 155,000 BTC moved into the $62,000-$65,000 price range during the latest pullback, representing about 0.7% of Bitcoin’s circulating supply. Long-term holders continued accumulating while short-term holders reduced their positions. U.S. spot Bitcoin ETFs recorded combined weekly net outflows of $61.5 million, ending three consecutive weeks of positive inflows.
Source: Read the original article
