Bitcoin traders are rebuilding bets on a run toward $70,000 while still paying for protection against a fall to $60,000, showing that softer US inflation data has done little to break the market’s defensive positioning. The split held after the Consumer Price Index rose 0. 1% in July and 3.
Source: [CryptoSlate](https://cryptoslate.com/how-a-wall-of-1-79-million-bitcoin-is-quietly-choking-every-attempt-to-break-above-65000/)