The Bitcoin correction, which has lasted for more than 11 months, could be nearing its end to finally welcome an accumulation phase. This was revealed in the latest report by asset management firm VanEck.
Bitcoin into the $63,000 zone during the second week of August 2026 has reactivated the debate among traders regarding a potential trend reversal. An examination of the available data—ETF flows, on-chain metrics, implied volatility, and the macroeconomic context—indicates that this level constitutes a point of equilibrium rather than a confirmation of a new bullish cycle.
In the past month, Bitcoin (BTC) has been continuously grinding sideways between $62,000 and $66,000, with a press-time price of $ $64,595. Source: TradingView While dull, this consolidation is a testament to market resilience amid substantial selling pressure.
Although Bitcoin is still consolidating around $64,200, the daily chart still indicates that the market is torn between a much weaker long-term structure and short-term stabilization. After rising from its late-June low of about $58,000, Bitcoin has been moving sideways for the majority of July and August.
Bitcoin skeptic Peter Schiff says he isn't sure why bitcoin didn't sell off recently amidst the burgeoning volatility, pointing to $65,000 as the resistance level traders are watching most closely this week.
Wallets attributed to Satoshi Nakamoto hold 1.096 million BTC, equivalent to approximately $70.43 billion at a price of $64,245 per unit. The probabilistic calculation for guessing a modern 24-word seed phrase would require roughly 1.8 octodecillion years at a rate of one trillion attempts per second.
CalPERS' investment in Strategy shares highlights the growing intersection of traditional finance and cryptocurrency, raising volatility concerns. California pension fund holds $35.5M in Strategy shares for Bitcoin exposure.
Anthony Scaramucci says Bitcoin's roughly 55% decline is relatively modest compared with previous bear markets, which often saw 75% to 80% drawdowns. He points to capital shifting toward artificial intelligence and Bitcoin's market cycle as factors behind subdued prices.
Canaan Inc.'s strategic use of crypto reserves for share buybacks highlights a growing trend of digital assets influencing corporate finance strategies. Canaan Inc grows Bitcoin treasury to 1,917 BTC as mining output holds steady.
Bitcoin ETFs received $297.56M in a single day, ending three consecutive sessions of net capital outflows. BlackRock captured $160.23M and Fidelity added another $111.90M, concentrating more than 90% of the day's total flow. Jane Street disclosed over $1B in spot Bitcoin ETF positions, with around $828M invested in BlackRock's IBIT fund.
Bitcoin has risen above $64,600 after U.S. President Donald Trump said Washington is not holding talks with Iran, while conflicting claims over the Strait of Hormuz kept oil above $91 per barrel. In an Aug.
Bitcoin faces an unprecedented shock as US yields top 5.3%, threatening the entire crypto market balance.