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Bitcoin's $65k rally risks a bull trap as long-term holders sell and ETF demand drops.

Market News
16 Jul 2026
AMBCrypto
View Source
Neutral
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Bitcoin recently reclaimed the $65,000 level following a softer-than-expected inflation report, sparking hopes for a sustained bull rally. However, on-chain data shows long-term holders are selling into the rally, realizing losses instead of accumulating, while short-term holders are also taking profits. Additionally, Bitcoin ETF trading volume has sharply declined, indicating weaker demand. This rising selling pressure combined with cooling buyer interest raises concerns that the current rally may be a temporary relief rather than the start of a new bull market.

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