The price of bitcoin saw a slight 2.55% increase in June, which failed to cross the peak of May $ 112,000. According to Arc Invest, Cryptocurrency continues to trade within a narrow range, reflects the period of consolidation Latest bitcoin monthly report,
The report highlights a significant development, there is an increase in long -term holders (LTS)Which is now 74% of the total bitcoin supply – a level not seen in 15 years. This suggests a strong belief among experienced investors, even decreasing the influx of new buyers.
However, the report also indicates a decline in on-chain capital flow during the second quarter, as is measured by the market-value-to (MVRV) Momentum metric. This recession indicates a cooling in market enthusiasm and a possible change in investor spirit.
In comprehensive economic terms, US dollar (As measured by Fed’s nominal broad trade weighted dollar index) Climbing the long -term rapid feeling in Crypto keeps on climbing, defying the dollar debut.
Meanwhile, inflation showed continuous signs of relaxation, questioning the traditional appeal of bitcoin as a inflation hedge-however, from Flip, low inflation can also give rise to low federal funding rates, something that promotes risks such as technical stock and cryptocurrency.
Housing seems to be a weak link, the report states, highlighting a growing gap amidst a sharp decline in the expectations and house sales. This deviation indicates potential stress in consumer trust and comprehensive economic activity.
