The Inflow of Funds into Bearish Bitcoin Funds Has Declined
The influx of funds into crypto-based investment products amounted to $15 million from July 2-8.
The influx of funds into crypto-based investment products amounted to $15 million from July 2-8.
Mike Novogratz, CEO of Galaxy Digital, said in mid-June that Bitcoin should hold around $20,000.
BitMEX former CEO Arthur Hayes has said that forced liquidations of positions in the near future will put further pressure on the price of Bitcoin.
The number of search queries about the death of Bitcoin has returned to its maximum levels amid the recent collapse in the price the asset.
Mining firm Marathon Digital Holdings will continue to accumulate BTC reserves despite the current price drop.
Crypto exchange Binance has announced it has resumed withdrawals on the Bitcoin network.
The hashrate of the Bitcoin network reached a new all-time high at around 231 EH/s on June 11.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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