Range Holds as Institutional Demand Offsets Corporate Selling in Bitcoin

Bitcoin's price has remained within its established trading range of $62,000 to $65,000 despite several attempts to break below support. The cryptocurrency continues to attract buying pressure as investors absorb selling activity, with spot market liquidity remaining limited.

A recent sale by Strategy, which disclosed the disposal of 1,638 BTC valued at approximately $104.7 million, temporarily increased market attention. However, this selling event was offset by fresh net inflows into Bitcoin spot ETFs, led by BlackRock's IBIT and Fidelity's FBTC.

The influx of capital from institutional investors helped stabilize prices, reinforcing the current trading range. On-chain data indicates that the $62,000-$65,000 zone contains one of the highest concentrations of investor cost basis, making it an important support area.