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 pushed the asset into the $63,200 support zone ahead of U.S. inflation data.
- The decline stemmed from $174 million in total crypto liquidations over 24 hours, with CoinGlass data breaking the total into $86.21 million in long positions and $87.99 million in shorts.
- During the week ending Aug. 10, Strategy sold 1,690 BTC for about $109 million at an average price of $64,262, demonstrating institutional positioning ahead of the recovery.
- Bitcoin remains close to the 23.6% Fibonacci retracement at $63,735, requiring bulls to reclaim $64,400 to build momentum toward higher resistance zones.
- Economist forecasts point to 3.4% annual Consumer Price Index growth, while Analyst Ted Pillows identified $62,000–$62,500 as the next critical support zone if sellers regain control.
17 Articles
17 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…
Spot DemandIs Lacking As Bitcoin Price Tests $62,000 Crucial Support
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Bitcoin Rebound Faces Risk as Futures Demand Outpaces Spot Buying: Analysts
Bitcoin’s bounce off Tuesday’s low near $63,200 is coming mostly from leveraged futures positioning, not real spot buying, according to CryptoQuant data cited by the analytics account XWIN Japan. That’s the same setup that preceded April 2026’s failed rally, which is why some analysts are treating the current recovery as fragile until spot demand actually shows up. Futures Are Leading, Spot Is Lagging XWIN Japan laid out the numbers plainly: 30-…
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