Bitcoin traders take $12 billion profit in June, this is how it affects BTC

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Bitcoin traders take $12 billion profit in June, this is how it affects BTC
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Bitcoin traders took over $12 billion in profits in the past month, per Santiment data.

Bitcoin traders realized over $12.3 billion in profits on their holdings in June. Ethereum ETF issuers have at least one more round to go before SEC approval. Ripple ruling set a precedent for SEC vs. Binance lawsuit, XRP extends gains on Monday. Amidst German Government’s Bitcoin transfers, Ethereum Exchange Traded Fund optimism and the Securities and Exchange Commission vs. Ripple lawsuit, market participants are taking gains ahead of the volatility-filled week.

If WIF suffers a correction, the meme coin could find support at the FVG between $1.86 and $1.90. Market updates Arkham Intelligence data shows that the German Government transferred a total of 400 BTC to exchanges BitStamp, Coinbase, Kraken. This represents over $25 million in BTC, fueling concerns among Bitcoin holders. German Govt. Bitcoin transfers Analyst calls crypto market bottom, backs it with on-chain data, and identifies the right time to buy Bitcoin.

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