Sellers are keeping the pressure on the Bitcoin rate. On June 18, the price of Bitcoin dropped to $64.6 thousand, marking the first time the first cryptocurrency had fallen to a monthly low. Prices of several alternative cryptocurrencies have dropped by tens of percent since June 1st.



According to Bitfinex analysts, the sales of Bitcoin were started by large investors, also known as "whales," and long-term holders (LTHs), who have Bitcoin in their portfolio for more than 155 days. There were sales conducted on cryptocurrency exchanges as well as through OTC transactions.

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