Glassnode

Bitcoin’s futures market is showing a widening mismatch between open interest and trading volume, a setup that can amplify volatility when traders rush to exit leveraged positions. With BTC trading near $63,500 and key bid depth thinner than earlier in the summer range, market participants are watching whether a downside retest could trigger forced liquidations.

Bitcoin remains pinned near $64K, with technical traders watching whether fading selling pressure can support a broader recovery. Corporate balance-sheet moves and weak miner fee revenue add important context as long-term holders continue to assess risk and opportunity.

Bitcoin futures basis yields have fallen below two-year U.S. Treasury returns since February, marking a sharp reversal from the rich carry available during the bull market. The shift is weighing on futures activity while also signaling tighter market structure, deeper liquidity and fewer easy arbitrage opportunities.

A solo Bitcoin miner packaged block 960,804 and earned 3.157 BTC, worth about $199,300, in another rare win for independent operators. The milestone arrived as Coldcard wallet concerns, rising BTC exchange reserves, weaker technical signals and fading regulatory momentum weighed on market confidence.

Poolin, once regarded as the world’s largest Bitcoin mining pool, has filed for bankruptcy after years of liquidity pressure and a collapse in hashrate share. The company faces about $173 million in debts, while a $52 million bid for West Texas mining sites stands as the key recovery path for creditors.

Bitcoin has dropped below its 50-day moving average after losing 2.9% over the past 24 hours, weakening hopes of a confirmed trend reversal. Traders are now watching support around $61K and $59K, while broader market pressure and mixed institutional signals shape the near-term outlook.

Bitcoin has dropped 2.9% over the past 24 hours to $62.8K, slipping back beneath its 50 day moving average as external market pressure weighs on crypto sentiment. Technical traders are now watching support near $61K, $59K and $56K while broader recovery signals remain unconfirmed.

Bitcoin is showing signs that panic selling may be fading after holding above $62,000 despite renewed U.S.-Iran tensions and broader market weakness. Fresh spot bitcoin ETF inflows and a sharp slowdown in spot selling add to the case, though some market participants remain wary of a futures-led rebound.

Ethereum’s rebound has reached a decisive technical area around its 50-day moving average, where sellers have repeatedly emerged. Bitcoin, meanwhile, remains below its realised value as liquidity signals and institutional custody developments shape the broader crypto backdrop.

Bitcoin has eased after touching the $64,000 threshold, with renewed geopolitical uncertainty limiting upside momentum. On-chain data showing heavy short-term holder losses and continued whale accumulation suggests market participants are watching for a possible cycle-bottom formation near $60,000.

Glassnode data shows Bitcoin wallets that have held coins for at least 155 days have moved from net distribution into net accumulation. Smaller and mid-sized holders are leading the buy-the-dip activity, while whale wallets remain largely neutral.

Glassnode data indicates heavy Bitcoin accumulation in the $59,000 to $67,000 range over the past 10 days. Buying has broadened across retail and whale-sized wallet cohorts, signaling strong demand during the drawdown.