BUSINESSBITCOIN MAGAZINE
VanEck: Bitcoin’s Summer Lull Masks a Tightening Supply Base
VanEck's Bitcoin ChainCheck report highlights Bitcoin's consolidation around $63,700, noting defensive derivatives positioning, miner economics at multi-year lows, and long-term holders increasing their supply share. ETP outflows and treasury sales contributed to negative flows, while on-chain data shows 60.8% of Bitcoin held for over a year.
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Related Signal
Adjacent reporting
- Bitcoin’s ‘less aggressive demand’ may lead to months of consolidation: Analysis
- Bitcoin’s early July bounce rides thin summer liquidity as half of supply still sits underwater: analysts
- Bitcoin nears cycle bottom as over half of supply is held at a loss, says K33
- Bitcoin Hit Its Highest Price Since January—Why VanEck Analysts See More Potential Gains
- ‘Materially softer demand’: Bitcoin hits two-month low below $69,000 amid institutional outflow streak, fading onchain interest