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hodl-waves

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Bitcoin buyers wary of July sub-$58K floor amid onchain data ‘anomaly’

Onchain HODL Waves data showed an unusually small increase in short-term Bitcoin activity when BTC briefly dipped below $58,000 on July 1, suggesting few traders bought the pullback. Analyst Willy Woo called the pattern an "anomaly" and suggested slow, concentrated buying — possibly by a single large holder — while other market commentators say the broader bear-market structure remains intact.

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