Bitcoin price reclaims $64K, but leverage raises pullback risk

Bitcoin price rose 1.7% to around $64,200 on Aug. 18 as ETF inflows supported the rebound, but rising leverage left the recovery exposed to a pullback. Summary Bitcoin price recovered above $64,000 after buyers defended the $62,600–$62,800 area. The daily chart shows BTC holding above its 20-day and 50-day moving averages, though longer-term resistance remains overhead. Liquidation data places the nearest major liquidity cluster around $64,700, while a larger downside pool sits near $62,200. The rebound from the $62,600 area improved short-term momentum, although the daily chart continues to show Bitcoin trading below its two longer-term moving averages. Leverage is also building while liquidity rests on both sides of the current price, leaving the recovery exposed to sharp moves if buyers fail to extend the advance. U.S.-listed spot Bitcoin ETFs recorded more than $137 million in net inflows on Monday. The inflows followed over $385 million in net withdrawals during the previous week, suggesting institutional demand returned after several sessions of selling. The recovery also came as buyers defended an area that has repeatedly attracted demand since June. Bitcoin (BTC) fell towar...