Bitcoin's price has been under pressure, dropping over 5.5% in the past week to hit a six-week low of $58,400 on June 25. Market data from Glassnode indicates that the spot price fell below the cost basis of short-term holders, raising concerns about a deeper correction. The breach of the $64,000 level on June 23 pushed Bitcoin below the short-term holder realized price. Additionally, the recent drop almost brought the price below the cost basis of 3 to 6-month holders. Despite this, some US-based Bitcoin ETFs saw minor inflows on June 25, with Fidelity's ETF leading in net inflows. However, Grayscale's ETF experienced a significant outflow. The overall trend shows a mixed sentiment in the market, with some funds seeing inflows while others face outflows. It's essential for investors to conduct thorough research before making any investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news
