Bitfinex Blog/
Bitcoin Decouples While the Range Holds
Bitcoin is currently trading in a range between $62,000 and $65,000, showing resilience despite repeated dips below $63,000 and corporate selling from Strategy. While spot ETFs show strong inflows, options traders are hedging for potential downside in late August, and Bitcoin is decoupling from traditional equity indices.
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Why It Matters
The $62,000-$65,000 range is a critical zone of high cost-basis concentration; a decisive break on high volume would signal a major trend shift, while current range-bound behavior suggests a lack of strong catalysts.