[Bitcoin Rebounds to $65,000 as Long-Term and Short-Term Holders Sell at Highs]
According to a report by CoinDesk, the U.S. Consumer Price Index (CPI) for June rose 3.5% year-over-year, lower than the expected 3.8%, leading to a rebound in Bitcoin's price to nearly $65,000. On-chain data shows that long-term holders who have held for over five months reduced their positions while in a loss, and short-term holders realized profits at a rate of over $4 million per day. Analysts pointed out that this simultaneous selling creates upward supply pressure as the market attempts to break through. Some observers questioned the sustainability of the rebound, arguing that the cooling of the June CPI was primarily driven by a drop in gasoline prices, and the recent rebound in oil prices has diminished the reference value of this data.
