Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin traded lower despite positive inflation data in the Consumer Price Index (CPI) report for June. The U.S. consumer prices recorded a 0.2% increase in June, lower than the expected 0.3% rise. Analysts foresee a potential downward correction for Bitcoin, with its value possibly falling below the critical $28,000 mark. On-chain analytics firm, Santiment, noted that sharks and whales are closely monitoring the Bitcoin price range of $30,000 to $31,000 and accumulating stablecoins such as USDP and DAI, suggesting a higher probability of significant cryptocurrency purchases in the near future.