Bitcoin Holds Ground Near $65K as Institutional Demand Improves

Bitcoin has stabilized near $65,000 due to improved institutional demand and derivatives positioning, according to Glassnode's Market Pulse. However, the recovery remains tentative, with weak spot liquidity and subdued on-chain activity limiting conviction.

The August 10 Market Pulse report highlights stronger taker demand supporting the market, which reflects aggressive buying and selling. This indicates buyers are more willing to take available liquidity, making it a clearer signal of positioning than price alone.

Institutional flows are another constructive part of the picture, with robust inflows reported by Glassnode. The chart shows weekly Bitcoin ETF netflow at about $770.6 million, which is significant as spot ETF flows give traditional investors BTC exposure without direct coin management.