Bitcoin (BTC) has gone down by nearly 3% in the past 7 days after failing to climb above a key resistance. The result: a new bearish pattern has emerged that would be confirmed if the top crypto breaks below $60K. Daily Net Inflows to Bitcoin ETFs – Source: SoSoValueNet inflows to exchange-traded funds (ETFs) also reflect a shift in market sentiment in the past few days. Bitcoin Whale Addresses – Source: SantimentDespite its relatively stalled price action, whales kept amassing BTC tokens in July. According to on-chain data from Santiment, wallet addresses holding between 1 and 100,000 BTC added 20,000 tokens, valued at approximately $1.3 billion.