"Bitcoin (BTC) accumulation began with the price of BTC hovering below $60,000 for a week. 📉 According to Glassnode, the BTC accumulation trend increased from 0.05 on June 1 to 0.44 on July 10. This level has not been seen since April 11, when BTC traded at $70,000 While the German government dumped its BTC holdings, the price of Bitcoin fell below $54,000 Despite the bearish trend, large whales are expecting a market rebound.