Bitcoin (BTC) price edges up by 0.5% on Thursday, though it struggles to break above the weekly resistance level at around $58,500, amid on-chain data indicating liquidation among small Bitcoin wallets, alongside an increase in the number of whales and sharks.
Bitcoin spot ETFs received the third consecutive day of inflows on Wednesday. The German Government's transfer of 10,853 BTC on Wednesday may negatively impact Bitcoin 's price. Donald Trump will speak at the Bitcoin 2024 conference in Nashville on July 27. On-chain data shows that small Bitcoin wallets are getting liquidated while whales and sharks are growing in number. Bitcoin price edges up by 0.
pic.twitter.com/F2mwECVMTW — The Bitcoin Conference July 10, 2024 Sentiment data for 10+ BTC wallets show wallets holding more than 10 BTC. Bitcoin whale and shark wallets are increasing while small traders sell off their bags during this dip period. July has seen a net increase of +261 wallets holding at least 10 BTC, which should give traders comfort in a long-term bullish future.
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