[ARK Invest: Bitcoin Decline Diverges from Whale Accumulation, Market Shows Cycle Bottom Signal] BlockBeats News, July 17, ARK Invest released its Q2 2026 Bitcoin report stating that Bitcoin fell approximately 14% in the second quarter, breaking below the realized price for short-term holders, the 200-day moving average, and the on-chain average, with technical indicators remaining bearish. However, the proportion of supply in loss rose to about 54%, and the supply held by long-term holders reached a historical high of approximately 14.85 million BTC, which ARK views as a potential signal of seller exhaustion. The report also noted that Bitcoin has not yet fallen back to the on-chain cost range of approximately $49,000 to $53,000, and downside risks have not been fully released. U.S. spot Bitcoin ETFs saw a net outflow of approximately 71,000 BTC in Q2, and Strategy's STRC preferred stock dropped to as low as $74.57. [Original Link]