币界网报道：Bitcoin is poised for its weakest monthly performance in a year, gaining just 2% in July despite strong inflows into U.S. spot ETFs totaling $3.9 billion over consecutive weeks. On-chain data from Glassnode reveals mixed signals: wallets holding 10–10,000 BTC are accumulating opportunistically, while whales (10,000+ BTC) and smaller holders remain net sellers. The Accumulation Trend Score indicates distribution among larger entities, contrasting with steady corporate adoption globally. After heavy selling early this year, BTC entered a consolidation phase post-April’s $76K low. Glassnode notes slowing profit-taking, with realized cycle profits at $650B versus $550B last cycle, signaling a cooling market.