Bitcoin (BTC) continues to trade at $34,000 registering a modest 1 per cent drop at the close of day. BTC had lost most of its weekend gains after facing selling pressure near the resistance level of $36,000 during the early hours of July 5. However, buyers stepped in later at the crucial support level of $33,000 to put BTC back in familiar territory. This correction may be attributed to the filling of the Bitcoin futures gap on CME, a global derivatives exchange. From a broader perspective, the prospect of another steep selloff for BTC is weakening as BTC’s exchange supply is hitting a six-month low according to data released by behavior analytics platform Santiment.