Crypto
Bitcoin Price Stagnates Ahead of US Inflation Report
Bitcoin's price has been hovering around $63,700 to $64,215 in recent trading sessions as investors await key inflation data from the U.S. July report.
The large holders, or whales, have accumulated a significant amount of Bitcoin, with 46,420 BTC being added over the past 60 days, the biggest increase since March.
In contrast, smaller holders have been selling around 9,700 BTC, indicating mixed investor sentiment in the market.
Spot Bitcoin ETFs saw a modest inflow of $7.8 million after a large outflow the previous day, further reflecting the cautious trading environment.