Market Pulse: Recovery vs. On-Chain Warning
Bitcoin Holding Near $66k: BTC is hovering in the $65,000–$66,000 range after a strong week of continuous inflows into spot ETFs, recovering from late-June lows.
On-Chain Resistance Alert: Analysts on Square highlight that while 57.5% of total BTC supply is back in profit, on-chain metrics like the Long-Term Holder SOPR haven't yet confirmed a full structural bull flip. Traders are watching out for potential false breakout patterns similar to those seen earlier in the quarter.
Bitcoin Holding Near $66k: BTC is hovering in the $65,000–$66,000 range after a strong week of continuous inflows into spot ETFs, recovering from late-June lows.
On-Chain Resistance Alert: Analysts on Square highlight that while 57.5% of total BTC supply is back in profit, on-chain metrics like the Long-Term Holder SOPR haven't yet confirmed a full structural bull flip. Traders are watching out for potential false breakout patterns similar to those seen earlier in the quarter.
