Bitcoin Sellers Exhale Near $64,000 Amid ETF Inflows

Bitcoin's price has been hovering near $64,000, but sellers are showing signs of exhaustion around this level. According to Glassnode, this could indicate a late stage in the market downturn.

The firm notes that while bitcoin remains stuck in a narrow trading range between $63,500 and $65,000, institutional demand is still strong due to continued inflows into spot bitcoin ETFs.

This supporting factor has helped keep the price stable despite whale sales and retail uncertainty. However, the next key move depends on whether bitcoin can break above $65,000 resistance to confirm a recovery or if the current pause is just a temporary breather before further declines.