As the ETF cost line drops below, the movements of big investors’ wallets are more worth watching than the candlestick chart.

Qibijie News: According to market data, the price of Bitcoin has fallen from a $124,715 high in October 2025 to $62,257, and the current trading price is below the average BTC ETF acquisition price of $82,944. Analysts indicate that the next 24 hours will have an important impact on Bitcoin buying and selling activity. Market participants’ behavior can be analyzed by wallet size to identify who is accumulating and who is distributing. Some analysts believe that liquidity conditions are the main driver, while other traders are focused on the dynamics of the Federal Reserve. Seasonal data shows that July is usually a strong month for Bitcoin; although this month has already delivered the expected returns, a mid-month pullback is also possible.