Two Groups Of Bitcoin Investors Sell On The Rise As U.S. Inflation Lifts Prices To Nearly $65,000

Bitcoin climbed to nearly $65,000 after softer-than-expected U.S. inflation data, but on-chain signals show two investor groups selling into the bounce. according to CoinDesk, long-term holders are realizing losses while short-term holders are taking profits at more than $4 million a day, creating overhead supply as BTC tests higher levels. BTC rose from $61,500 after June CPI came in at 3.5% year over year versus a 3.8% forecast, while core CPI was 2.6% YoY. June PPI also came in below expectations, easing Fed hike fears and sending the dollar index lower.