Bitcoin (BTC) Market Update
Bitcoin is currently trading around $63K.
On August 14, U.S. Spot Bitcoin ETFs recorded approximately $56.2M in net outflows, signaling short-term pressure on institutional demand.
BTC remains below the $64K resistance. A strong breakout above $64K with solid volume could accelerate bullish momentum.
However, Bitcoin ETFs recorded around $403M in net inflows in July, showing that the institutional story is not completely over.
July inflation came in at 3.4%, in line with expectations. Fed rate expectations and liquidity remain important catalysts for Bitcoin.
On-chain data shows approximately 20.07M BTC have been mined, leaving only about 4.4% of the maximum 21M supply yet to be mined.
Key levels to watch: $64K resistance | $62K–$60K support
The next major BTC move could depend on ETF flows, trading volume, liquidity, and Fed expectations.
#btc #bitcoin #USToPressNationsToPickUSOrChinaAICoalition $BTC
Bitcoin is currently trading around $63K.
On August 14, U.S. Spot Bitcoin ETFs recorded approximately $56.2M in net outflows, signaling short-term pressure on institutional demand.
BTC remains below the $64K resistance. A strong breakout above $64K with solid volume could accelerate bullish momentum.
However, Bitcoin ETFs recorded around $403M in net inflows in July, showing that the institutional story is not completely over.
July inflation came in at 3.4%, in line with expectations. Fed rate expectations and liquidity remain important catalysts for Bitcoin.
On-chain data shows approximately 20.07M BTC have been mined, leaving only about 4.4% of the maximum 21M supply yet to be mined.
Key levels to watch: $64K resistance | $62K–$60K support
The next major BTC move could depend on ETF flows, trading volume, liquidity, and Fed expectations.
#btc #bitcoin #USToPressNationsToPickUSOrChinaAICoalition $BTC