According to Wu Blockchain, ARK Invest released its Q2 2026 Bitcoin report, stating that Bitcoin dropped approximately 14% in the second quarter, closing at $58,544 at the end of June. It also fell below the short-term holder realized price, the 200-day moving average, and the on-chain mean, with technical indicators still leaning bearish. However, the percentage of supply in loss rose to about 54%, and long-term holder supply reached a historic high of approximately 14.85 million BTC, which ARK views as a potential signal of seller exhaustion. The report also noted that Bitcoin has yet to fall back to the on-chain cost range of approximately $49,000 to $53,000, meaning downside risks have not been fully mitigated. Additionally, U.S. spot Bitcoin ETFs saw a net outflow of about 71,000 BTC in Q2, and Strategy's STRC preferred shares hit a low of $74.57. https://(wublock123.com)/news/ark-invest-bitcoin-q2-down-14-on-chain-seller-exhaustion-64829