Bitcoin is showing its weakest monthly performance since July 2023, gaining only 2% in value in June. This weak performance contrasts with the strong weekly net inflows of $3.9 billion into US-based spot Bitcoin ETFs.
While institutional adoption continues to accelerate, on-chain data shows that market dynamics are not particularly optimistic. According to Glassnode's "Accumulation Trend Score" (Accumulation Trend Score) data, a distribution trend is emerging among large investor groups. Addresses holding between 10 and 10,000 BTC are trading in a volatile manner, while whales holding over 10,
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