Bitcoin Spot Demand Drops as Retail Sells, Whales Accumulate on July 18

BTC1.75%
According to CryptoQuant, Bitcoin spot demand declined further yesterday (July 18), with selling pressure continuing from retail market participants. However, data shows inflows to long-term holder addresses are increasing, indicating portions of the sell-off are being absorbed by whale investors. Spot market outflows have persisted since November, but large holders are accumulating the supply.
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