Bitcoin HODL Waves ‘Anomaly’ Raises Doubt Over July Bear-Market Bottom

Bitcoin HODL Waves ‘Anomaly’ Raises Doubt Over July Bear-Market Bottom

Bitcoin’s July macro lows under $58,000 drew an unusual response from new buyers, onchain data shows as concerns over the continuation of the bear market continue.

Bitcoin’s sub‑$58K slide triggers unusual onchain anomaly, shaking buyer confidence

TL;DR Muted Buying: Bitcoin’s slide to $57,800 produced an unusually weak burst of short‑term accumulation, with HODL Waves showing only a small rise in fresh activity despite the macro low. Bearish Structure: Analysts argue Bitcoin still reflects a broader downtrend, warning that a Weekly Close below roughly $78,300 could reinforce bearish market structure and echo May’s breakdown. ETF Momentum: August’s $3.8 billion in US spot Bitcoin ETF inf…

On-Chain Data Flags ‘Anomaly’ as Bitcoin Buyers Test $58K Floor in July

Bitcoin’s “dip-buying” impulse appears to have been unusually subdued around early July, according to onchain analysis that tracks how quickly dormant BTC returns to active hands after sharp price declines. While BTC briefly traded below the $58,000 level on July 1, the portion of coins that had been inactive for just one to seven days—an [...]