Bitcoin looks like it’s starting to kick off the week on the right foot, suggesting the end of the correction that lingered throughout June. While investors continue to ponder on Bitcoin’s price trajectory in July, on-chain data, price history, and strategic transactions point to a bullish July. Despite the short-term volatility, many investors remain bullish on Bitcoin’s long-term prospects. Notably, data shows an interesting $500 million increase in bids below the spot price and a rise in open interest, as pointed out by popular crypto analyst Daan Crypto Trades. Bitcoin Investors Place $500 Million Bids Below Price Bitcoin traded for the majority of the weekend just above $61,000 as the bulls fought to prevent another drop below $60,000. According to a BTCUSDT chart shared on social media over the weekend by Daan Crypto Trades, many strategic investors have positioned themselves below the price level to jump on Bitcoin in case of a break below $50,000. Related Reading: XRP Dominance: Pundit Says Missing This Altcoin Could Be A Big Mistake This exciting strategy amounted to over $500 million in buy pri ..
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