Bitcoin Ownership Shifts as New Buyers Absorb Supply

TLDR Bitcoin remains near $62,000 despite continued supply transfers from long-term holders. Glassnode’s RHODL Ratio fell below 6 after reaching 6.5 in early July. New buyers are absorbing available supply without triggering broad market capitulation. The $60,000 level remains crucial for maintaining the current consolidation structure. Possible Federal Reserve tightening could pressure demand and test [...]

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