Bitcoin (BTC) faced rejection at the daily resistance level of $63,956 on Monday, resulting in a 4.2% decline over the next two days.
US spot Bitcoin ETFs registered slight outflows on Wednesday. The German Government transferred another 3,000 BTC, valued at $174 million, on Thursday. On-chain data shows positive exchange netflow, and the Taker Buy Sell Ratio declines. Network Realized Profit/Loss data shows an uptick on Wednesday. Bitcoin faced rejection at the daily resistance level of $63,956 on Monday, resulting in a 4.2% decline over the next two days.
04 million on Wednesday, coinciding with a 3% price decline. This positive uptick indicates that the holders are, on average, selling their bags at a significant profit. During this event, BTC's supply on exchanges rose from 936,310 to 938,640 on the same day, and this trend has been rising since late June. This increase in supply indicates that investors are moving BTC to exchanges and increasing selling activity.
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