According to CoinMeta, the price of Bitcoin approached $64,206 on August 7, with a 0.5% decline in the past 24 hours and a 0.6% decline over the past week. The asset traded between $64,114 and $64,916, indicating that the market remains in a compressed state after failing to regain the $66,000 resistance level. The inflow of funds into US spot Bitcoin ETF continued its four-day growth, with a net inflow of $137.6 million recorded on August 6. Blackstone’s IBIT led the inflows on Thursday, contributing $128.3 million. Although purchases ETF did not guarantee an immediate price increase, the positive capital inflows provided a stable source of demand for Bitcoin. Analysts Daan Crypto Trades stated that if Bitcoin breaks through $67,000, it will make the market structure more constructive.