Bitcoin (BTC) is currently facing resistance near the $64,000 level. On-chain data indicates an increase in daily active addresses, with slight inflows into US spot Bitcoin ETFs. The German Government transferred 1,500 BTC valued at $94.7 million from its wallet recently.
According to Lookonchain data, 9 ETFs added 526 BTC worth $33 million on July 1, continuing a net inflow for five consecutive days. Blackrock holds 306,979 BTC valued at $19.3 billion, while Grayscale, Invesco, and Fidelity decreased their BTC reserves. The total reserves held by the nine spot BTC ETFs amount to $54.3 billion.
The rise in Daily Active Addresses from 666,020 on June 30 to 894,980 on July 1 signals increased blockchain usage for BTC. This 34.3% rise is the highest since mid-April and suggests growing demand for BTC’s blockchain usage.
Whalefin’s parent company, Amber Japan, will rebrand as S.BLOX after acquiring Quetta Web from Sony. The company plans to innovate crypto asset trading services in collaboration with Sony Group businesses.
Technical analysis shows that BTC faces resistance around the $64,000 level. If it closes above the daily resistance level at $63,956, it could rise 5% to retest its next weekly resistance at $67,147. However, if it closes below $58,375 and forms a lower low, it may indicate bearish sentiment persisting.