Bitcoin price hovering around $65,000, with increasing selling pressure among holders
2026-08-08 18:02:42
According to CoinMeta, the price of Bitcoin ($BTC) remained around $65,015 on August 8th, but failed to regain the cost baseline for short-term holders, which put the rebound under additional selling pressure. Data shows that the price of Bitcoin fluctuated between $64,784 and $65,075, indicating limited volatility after the rebound. Analyst Ted Pillows stated that Bitcoin failed to establish a solid support above $65,000, and sellers remained active in that area. The realization price for short-term holders was $67,523, while the current spot price of Bitcoin is $64,952, which is 3.8% below the cost baseline.
Bullish 1
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Source:Cryptonews
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