BTC Price Above $64,000 as Upbit's Revenue Collapses
The price of BTC was above $64,000 at 4PM UTC on August 18. However, recent market developments may impact its value in the short term.
According to data from Myriad, there is an 80% chance that BTC will be above $64,000 by the end of August 18.
The decline in revenue and profit at Upbit's operator, Dunamu, has raised concerns about shrinking crypto liquidity. In H1 2026, Dunamu reported a 49.1% year-over-year drop in revenue to KRW 408.1 billion ($275M), while operating profit cratered 79.7% to KRW 111.5B ($75M).
The depth of the profit decline suggests a structural drop in trading activity at South Korea's largest exchange, not just margin compression. Dunamu attributed its decline to reduced global digital-asset liquidity and linked it directly to the KOSPI doubling in H1 2026.