Two Groups of bitcoin Investors sell on the rise as U.S. inflation lifts prices to nearly $65,000
Bitcoin surges toward $65,000 on softer-than-expected inflation data, but on-chain signals show two key investor groups selling into the bounce.
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Summary
- Two distinct groups of on-chain holders are selling into BTC’s price bounce.
- BTC has jumped to nearly $65,000 on the back of softer-than-expected U.S. inflation reports for June.
- Some analysts say the inflation data is obsolete, given the renewed strength in oil prices.
