ARK Invest: Bitcoin's Q2 Decline and Whale Accumulation Signal Potential Cycle Bottom

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Bitcoin news from ARK Invest on July 17, 2026, reveals a 14% Q2 decline, breaking below key technical levels. The Fear & Greed Index indicates bearish momentum, with loss-making supply at 54% and long-term holder supply reaching 14.85 million BTC. On-chain cost remains above $49,000, signaling a potential cycle bottom. U.S. spot Bitcoin ETFs experienced a 71,000 BTC outflow, and STRC shares dropped to $74.57.

BlockBeats report, July 17: ARK Invest released its Q2 2026 Bitcoin report, stating that Bitcoin fell approximately 14% in the second quarter, breaking below the short-term holder realized price, the 200-day moving average, and the on-chain mean, with technical indicators remaining bearish. However, the percentage of unprofitable supply rose to approximately 54%, and the supply held by long-term holders increased to a record high of about 14.85 million BTC, which ARK views as a potential signal of selling exhaustion.


The report also noted that Bitcoin has not yet retraced to the on-chain cost range of approximately $49,000 to $53,000, indicating that downside risks have not been fully released; U.S. spot Bitcoin ETFs recorded a net outflow of approximately 71,000 BTC in Q2, and Strategy’s STRC preferred shares fell as low as $74.57.

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