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Bitcoin's Monthly Gain in June Hits One-Year Low as Whales Sell Off to Offset ETF Inflows

Summary: According to reports, Bitcoin's monthly gain in June was only about 2%, marking the lowest since July last year. Despite consecutive weeks of $3.9 billion net inflows into US spot ETFs, whales and small holders are inclined to sell off, leading the market into a consolidation phase. On-chain data shows profit-taking behavior has slowed down, ...

According to reports, Bitcoin's monthly gain in June was only about 2%, marking the lowest since July last year. Despite consecutive weeks of $3.9 billion net inflows into US spot ETFs, whales and small holders are inclined to sell off, leading the market into a consolidation phase. On-chain data shows profit-taking behavior has slowed down, with current market sentiment leaning towards caution. (CoinDesk)

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