Bitcoin (BTC) continues to lose ground while the S&P 500 Index (SPX) trades near its all-time high. 📉 Bitcoin exchange-traded funds have seen outflows on four out of five days since June 10, according to Farside Investors. However, long-term investors are not panicking and continue to buy. The number of wallets with 10 BTC or more has reached 16.6 million, the highest level since June 2022. Despite Bitcoin's weakness in the short term, it remains in the range and is likely to see buying. on support. Time is running out for Bitcoin bulls. If they want to return, they must quickly push the price above the 20-day exponential moving average ($67,612). If they do this, the pair will likely rise to $70,000 and then to $72,000."