Bitcoin Price Faces Rising Selling Pressure Amid Weakening Demand

Bitcoin's price is experiencing renewed selling pressure after failing to break above $65,000. Currently trading near $64,200, BTC faces weakening demand and rising sell-side pressure according to on-chain and institutional data.

The charts show six notable developments: a heavy concentration of BTC supply around $61,000, $64,000, exchange balances rising to 2.737 million BTC, miner reserves declining toward 1.916 million BTC, strategy holdings decreasing from 844K to 840K BTC, ETF flows turning negative, and the Coinbase Premium remaining below zero.

These indicators suggest that Bitcoin is dealing with both increasing potential supply and weakening demand, making the current price structure particularly important to watch.