Bitcoin Price Nears $64K as 32,000 BTC Hits Exchanges at a Loss

Bitcoin's price has regained some ground after dropping to $62,300 on August 3, reaching as high as $63,894. However, despite this recovery, the market remains limited by weak spot demand and short-term holder losses.

A total of 32,000 BTC was sent to exchanges at a loss within 24 hours, with many short-term holders appearing to lock in their losses. This move has put pressure on the lower end of Bitcoin's range, limiting its recovery.

The daily RSI remains neutral, while the MACD shows weakening momentum. The concentration of liquidation liquidity near $62,000 and $64,000 raises volatility risks, making it a crucial area for the next directional move.