Bitcoin June Growth Lowest in a Year as Whales Sell Off Ahead of ETFs

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Bitcoin Growth Slows Down, Cryptocurrency Market Enters Accumulation Phase

According to the latest report, Bitcoin's growth in June only reached around 2%, the lowest since July of last year. This is a signal showing caution prevailing in the cryptocurrency market after a long period of volatility.

ETF Capital Flows and Whale Behavior

Although US spot ETFs continue to record net capital inflows of up to 3.9 billion USD for several consecutive weeks, large investors (whales) and small holders tend to take profits. This has caused the market to show signs of entering an accumulation phase instead of a strong breakout like before.

On-Chain Data and Current Market Sentiment

On-chain data analysis shows that profit-taking behavior has significantly slowed down. Analysts warn that the market is in a "wait and see" stage, with traders and investors mainly holding positions, waiting for clearer price movement signals. This sentiment leads to small reversals and clear divergence on price charts.

Conclusion and Optimal Cryptocurrency Investment Strategy

In the current context, the appropriate strategy is to focus on potential assets with solid on-chain foundations, while avoiding emotional trading. Investors should maintain a long-term perspective, taking advantage of the market exploration phase to rationally add to their portfolio, minimizing risks in a low volatility environment with unclear sentiment.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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