Bitcoin’s $65K recovery shows its growing immunity to bad news as ETFs and whales buy $2 billion

Bitcoin climbed back above $65,000 this week, extending an unusual stretch of resilience as the cryptocurrency absorbed a string of developments that would typically pressure prices.The top digital asset rose about 2% over the past 24 hours to as high as $65,212, its strongest level since late July, CryptoSlate data shows.The move coincided with $191.6 million in crypto liquidations across more than 80,000 traders, CoinGlass data showed, including a $1.66 million BTC position on Hyperliquid.The price performance came as investors digested a major hardware-wallet security breach, another delay to the landmark CLARITY Act legislation and months of stagnant price action that have left some holders selling at losses.Yet none of those pressures has produced the kind of sustained liquidation that accompanied Bitcoin’s sharper declines earlier this year.Andre Dragosch, head of research at Bitwise Europe, said Bitcoin’s muted reaction to negative developments has pushed its sensitivity to bad news close to historical lows, which he views as a sign that much of the market’s readily available supply has already been sold.Bitcoin Sensitivity to Bad News (Source: Bitwise)Loss-taking fades as s...