Bitcoin (BTC) Market At 'Pivotal Point” As Whales Experience Fastest Accumulation Rate In Over A Year

Bitcoin BTC $57,462 has been in a downtrend since turning away from its new all-time high in March.

Bitcoin price movements have been characterized by lower highs and lower lows since mid-June. BTC reached a two-month low on July 5 before rebounding back above $57,000. Several onchain metrics now signal further downside potential for Bitcoin.

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