Bitcoin Price Rebounds From $63,200 as CPI Looms
Bitcoin recovered above $64,000 after $174 million in crypto liquidations as traders cut leverage before the U.S. inflation report, according to CoinGlass.
- On Aug 12, Bitcoin recovered above $64,000 after a leveraged-position flush drove the asset into the $63,200 support zone ahead of key U.S. inflation data.
- CoinGlass reported $174 million in total crypto liquidations over 24 hours, with $86.21 million in longs and $87.99 million in shorts, reflecting sharp reduction in leveraged exposure.
- Strategy's official Bitcoin ledger showed the company sold 1,690 BTC for about $109 million at an average price of $64,262 during the week ending Aug 10.
- Bitcoin remains close to the 23.6% Fibonacci retracement at $63,735, while bulls must reclaim $64,400 as the first level needed to build momentum toward higher resistance.
- Market participants await Consumer Price Index data, with economists expecting a 3.4% annual increase, while Analyst Ted Pillows identified $62,000–$62,500 as the next major support zone.
15 Articles
15 Articles
Bitcoin price rebounds from $63,200 as CPI looms
Bitcoin price recovered above $64,000 on Aug. 12 after a leveraged-position flush drove BTC into the $63,200 support zone ahead of key U.S. inflation data. Bitcoin price action today According to data from crypto.news, Bitcoin (BTC) price was trading near…
Bitcoin is trading around $63,800 as of Wednesday. Market volatility and focus on Fed decisions are increasing ahead of the US CPI data release. Bitcoin (BTC) is currently trading at around $63,800, attempting a slight recovery after two days of decline. Flows into spot BTC ETFs indicate cautious institutional demand. The release of the US inflation data (CPI) is a key factor in determining the Fed's interest rate decisions and the direction of …
Bitcoin at $63K ahead of CPI: is this a dip to buy or a warning sign?
Bitcoin (BTC) is trading below $64,000 at the time of writing on Wednesday as a broader risk-off mood continues to weigh on the cryptocurrency market. Investor sentiment remains cautious, with CoinMarketCap’s Fear and Greed Index registering 37. The reading places the market in the “fear” category, suggesting traders remain reluctant to increase their exposure to volatile assets. The bearish performance comes ahead of Wednesday’s US inflation r…
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