Latest Update
8/17/2026 1:15:24 PM

Bitcoin: Holds Near $63.6k as ETF Outflows Weigh

Bitcoin: Holds Near $63.6k as ETF Outflows Weigh

Bitcoin holds near $63631 amid weak liquidity and ETF outflows per Glassnode Week 34, with capital flows stabilizing.

Source

Analysis

Bitcoin holds near $63631 as weak spot liquidity, ETF outflows and loss realization keep conditions subdued in Week 34, though stabilising capital flows hint at easing selling pressure.

With price testing upper Bollinger resistance at $63594.54 while RSI sits at 58.26, a healthy retracement to the EMA50 support at $63555.07 appears probable before further continuation on the 4h chart. Traders tracking BTC price prediction models and crypto market analysis should watch Bitcoin ETF impact closely as conviction stays limited.


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