Bitcoin Trapped Between $62K and $66K Amid ETF Demand and Major Liquidations

Bitcoin has been stuck in a narrow trading range between $62,000 and $66,000 for several weeks due to balanced pressures from ETF buying and selling by miners and corporate treasuries.

Strategy, led by Michael Saylor, unexpectedly sold over 6,900 BTC worth $440 million since June, adding downward pressure despite ETF inflows.

The market liquidity is at a three-year low, limiting price movement, while investors await the U.S. Consumer Price Index report for a potential market catalyst.