Crypto
Bitcoin buyers wary of July sub-$58K floor amid onchain data ‘anomaly’
Bitcoin HODL waves data revealed an unusually muted reaction to Bitcoin’s drop below $58,000, raising questions over its status as a bear-market floor.
Cointelegraph•
Bitcoin HODL waves data revealed an unusually muted reaction to Bitcoin’s drop below $58,000, raising questions over its status as a bear-market floor.
Bitcoin (BTC) buyers avoided “buying the dip” as BTC price fell to $57,800 in July, analysis reports.
Data from Bitcoin’s HODL Waves metric shows an unusually muted reaction to the most recent macro lows.
“Whoever bought the bottom did it slowly. Possibly even a single whale,” he wrote in a post on X this week, describing the event as an “anomaly.”