Bitcoin Stalls Near $64,350 Amid Weak Liquidity and Subdued On-Chain Activity

Bitcoin's price has steadied around $64,350 as on-chain indicators signal caution. Despite capital flows showing signs of stabilizing, Bitcoin's spot liquidity remains weak and on-chain activity is subdued. In the past 24 hours, BTC gained 0.11%, while Ethereum rose 0.98% to trade at $1,914.

Vikram Subburaj, CEO of Giottus, noted that immediate support for Bitcoin is around $64,000, followed by a more important zone at $63,000. He pointed out that spot volume has fallen to its lowest level since 2019, and the Median Realised Price is at $63,000.

Riya Sehgal, Research Analyst at Delta Exchange, said short covering supported the rebound in Bitcoin's price, while improving spot ETF flows added institutional demand. However, she noted that the broader market has not shown enough strength for a clear risk-on breakout.