VanEck says Bitcoin's quiet summer trading masks a tightening supply base, with cautious derivatives and weak miner economics weighing on the near term even as long-term holders continue accumulating.

VanEck's July Bitcoin ChainCheck report shows BTC at $63,700, down 33% from its six-month peak, with $2.4B in ETP outflows and multi-year low

VanEck says Bitcoin's quiet summer trading masks a tightening supply base, with cautious derivatives and weak miner economics weighing on the near term even as long-term holders…