Winklevoss Twins Shift $67M BTC and ETH to Gemini as Bitcoin Holds Near $58,600

Bitcoin remained resilient near $58,600 after touching a low of $57,747 on July 1, while Ethereum traded around $1,572 amid ongoing bearish pressure. Arkham Intelligence flagged the Winklevoss twins' transfer of roughly $60 million in Bitcoin and $7 million in Ethereum to Gemini hot wallets, signaling potential sell-side activity consistent with prior patterns. The move adds to negative sentiment fueled by record $4.51 billion in June spot Bitcoin ETF outflows and Citigroup's sharp cuts to 12-month price targets for both assets. Despite these flows and regulatory developments in Europe, BTC and ETH have so far avoided major breakdowns, with traders watching key support levels closely.