Bitcoin Price Tries to Hold Above $64,000 as Whales Add 19,610 Coins

The Bitcoin price struggled to hold above $64,000 on August 3 as it rebounded from a brief fall near $62,200. According to CryptoQuant, the Adaptive Sell-side Risk Ratio fell to 0.031, placing it in the third percentile of the current halving cycle.

This metric compares realized gains and losses with Bitcoin's broader cost basis, with lower readings indicating limited profit-taking and reduced willingness to sell. The latest reading sits below 97% of daily observations since April 2024.

Santiment data showed that larger wallets added 19,610 BTC while small retail balances declined by 0.55%. This suggests stronger holders are absorbing supply while short-term confidence remains fragile.