Bitcoin price nears $64K as 32,000 BTC hits exchanges

Bitcoin price rebounded toward $63,900 on Aug. 3 after briefly falling near $62,300, but weak spot demand and fresh short-term holder losses continue to limit its recovery. Summary Bitcoin price recovered to $63,894 after testing an intraday low of $62,300. The daily RSI remained neutral at 49.28, while the MACD showed weakening momentum. Short-term holders reportedly sent 32,000 BTC to exchanges at a loss within 24 hours. Liquidation liquidity is concentrated near $62,000 and $64,000, raising volatility risks. Bitcoin price recovers from $62,300 According to data from crypto.news, Bitcoin (BTC) price traded at $63,894 at the time of writing, up 0.51% for the day after moving between $62,300 and $63,993. The recovery followed a sharp decline toward $62,600 noted in Glassnode’s latest market report. According to the on-chain analytics firm, Bitcoin failed to hold its earlier move above $66,000 as weak spot demand and persistent net selling kept the market within a consolidation phase. The daily chart shows that BTC has stabilized slightly above the 78.6% Fibonacci retracement level at $63,183. This area has acted as a short-term pivot since the beginning of July, with repeated price...