According to CoinMeta, the price of Bitcoin rebounded from the $62,700 range to $63,600, with a daily increase of about 1.2%. Although buyers defended the key support area, capital outflows from ETF, weak trend signals, and heavy liquidity constraints still limited the rebound. On August 17th, Bitcoin traded near $63,650 and reached a daily high of $63,717 during the rebound. While the rebound protected the $62,500 bottom, the market is still within a broader range; a breakout above $65,500 would enhance bullish sentiment.