"Bitcoin (BTC) price fell more than 5.5% in the past 7 days, reaching a 6-week low of $58,400 on June 25. BTC has fallen below the average short-term buying price, with further declines possible, according to Glassnode 📉. Let's comment on this situation!#Bitcoin#Glassnode

According to Glassnode's report, the spot price fell below the average buying price of the entire group of holders from 1 week - 1 month ($68.5k) and 1 month - 3 months ($66.4k). If this situation continues, it will lose investor confidence and risk deeper price declines, prolonging recovery time.

Meanwhile, 11 Bitcoin ETFs in the US saw small capital inflows, totaling $31 million on June 25, ending a streak of 7 consecutive days of capital outflows. Fidelity’s FBTC ETF leads with $49 million, followed by Bitwise Bitcoin ETF BITB with $15 million and VanEck Bitcoin Trust ETF HODL with $4 million.

However, the Grayscale ETF GBTC saw single-day outflows of $30.2 million, while the ARK 21Shares Bitcoin ETF reported $6 million in outflows.

As of June 25, 11 Bitcoin funds saw net inflows of $14.42 billion with over $53.56 billion under management. #BitcoinETFs"