Bitcoin Stuck Below $64,000
Bitcoin remains range-bound below $64,000 despite two days of relatively soft U.S. inflation data. Core CPI eased to 2.5%, while July’s Producer Price Index was unchanged, but the market failed to attract meaningful buying interest. Glassnode analysts view the muted reaction to positive macro data as a warning that demand remains weak. Bitcoin is currently positioned between the median realized price near $63,000 and the short-term holder cost basis around $68,700. Analysts identify $68,700 as key resistance and $58,500 as major support. Spot trading volume has also fallen to its lowest level since Glassnode’s data series began in early 2019, highlighting unusually low market activity. For xbit.money users, the compressed range makes monitoring BTC rates and liquidity especially important ahead of a potential breakout or breakdown.