Bitcoin (BTC) retail on-chain accounts are showing a growing interest in buying the cryptocurrency at current prices. This metric has surged over the last few weeks, already increasing by 7%, which analysts interpret as a positive signal.

Bitcoin price experienced a slight drop on Wednesday, continuing its recent weakness due to concerns about the global economy’s health.

At 05:30 ET (09:30 GMT), Bitcoin was down 0.5%, trading at $65,217.0. This represents a loss of about 4% over the past trading week, having dipped below $65,000 on Tuesday for the first time since May 16.

Bitcoin: The recent drop of Bitcoin below $65,000 caught everyone off guard, with the reasons behind it being quite murky. Pinpointing the exact cause is complex, but we may have found some answers.

Bitcoin and Ethereum are currently undergoing a local correction. The liquidation of long positions is weighing on the bullish sentiment. However, long-term bullish catalysts remain intact.

BTC – One of the most experienced traders among cryptocurrency enthusiasts, Peter Brandt, has shared an interesting video on his personal X account. This video is a highlight from the recent BTC Prague event, where Jack Mallers, CEO of Strike, discussed the significance of understanding the proof-of-work concept and the decentralized P2P network envisioned by Satoshi Nakamoto.