Over the previous week, BTC has been consolidating around $31,500. Whales are seeing this as an opportunity to add additional Bitcoin, with the BTC price down 9% on the weekly charts. Over the last three days, a Bitcoin mega-whale has purchased approximately 30,000 Bitcoins. Despite the ongoing price fall, retail traders continue to acquire more Bitcoin. Last Saturday, July 17, during the next Bitcoin mining difficulty adjustment, the BTC price fell another 5%, reaching a new low since January 2020.