Bitcoin Nears $65,000 on Soft Inflation Data as Two Investor Groups Sell
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Bitcoin surged close to $65,000 after U.S. inflation data came in softer than expected, boosting investor sentiment across risk assets. The cooler inflation figures prompted a notable price bounce for the leading cryptocurrency. However, on-chain data revealed that two distinct groups of Bitcoin investors chose to sell into the rally rather than hold. This selling pressure from these cohorts suggests some market participants are using the price rise as an exit opportunity. The divergence between price momentum and on-chain behavior signals a cautious undercurrent despite the headline gains.
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