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Silver has had one of its strongest months in years, but this week’s price action shows just how fragile precious metals rallies can be when bond markets get nervous. The metal surged nearly 10% last week after July’s Non-Farm Payrolls badly missed expectations, printing a loss of 23,000 jobs, prompting markets to price out any chance of a September Fed hike and reviving safe-haven demand.

That momentum reversed on Tuesday, however, with silver dropping toward $64 as global bond yields spiked to multi-year highs on mounting concerns over government spending and persistent inflationary pressures. Rising oil prices added to the unease, keeping inflation risks firmly in focus even as rate-hike expectations continue to fade.

Beneath the volatility, the structural picture remains supportive: silver continues to draw solid demand from the green energy transition, solar panels, electric vehicles, and AI data centre infrastructure, all keeping a floor under prices. All eyes now turn to the Fed’s July meeting minutes and Chair Kevin Warsh’s remarks at Jackson Hole, both expected to offer fresh clues on the path ahead for rates.

Technical Analysis of XAG/USD

As XAG/USD chart shows, silver broke above its descending trendline from June’s highs in early August, a genuine shift after weeks of decline, and has since been holding above the 0.382 Fibonacci retracement near 62.88, right where the 200-period EMA also sits nearby at 62.27. The broader recovery has been building on an ascending trendline off the mid-July lows.

Bullish Scenario

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Should buyers defend this 0.382-EMA confluence and push higher, the path would open toward a retest of the 66.73 highs, the 0 Fibonacci level marking the origin of the entire decline. A confirmed break above that zone would signal the correction is fully over.

Bearish Scenario

Conversely, a break below the 0.382 retracement and the ascending trendline would expose the 0.5 level near 61.69, with a deeper slide risking a retest of the 0.618 retracement around 60.49, or even the triangle apex near 56.64 if selling pressure accelerates.

With price sitting right at the intersection of a reclaimed trendline, the 200-period EMA, and a key Fibonacci level, silver looks poised for a decisive move, will this recovery extend toward fresh monthly highs, or does the recent bond market turmoil drag the metal back into its prior range?

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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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On the last Friday of July, an Ethereum wallet linked by on-chain analysts to Arthur Hayes suddenly started selling.

Within minutes, 2,364 ETH was sent to Cumberland and Galaxy Digital, two major crypto trading firms. The wallet sold at around $1,821 per ETH, crystallizing a loss of roughly $241,000 on coins it had bought only weeks earlier. 

Then came the strange part.

Two days later, the same wallet started buying Ethereum again at roughly $1,869. By Monday evening, on August 3, 2026, it had accumulated around 2,676 ETH — leaving it with more ETH than it held before the sell-off.

Whatever prompted the wallet to exit on Friday appeared to have changed over the weekend.

Why would an experienced crypto investor like Arthur Hayes sell at a loss, only to buy back even more days later?

Lookonchain caught the transactions within hours and posted the line that has followed the BitMEX co-founder for years:

“Arthur Hayes bought high and sold low again!”

That word, “again,” carries a serious accusation. It implies a pattern. It implies that crypto’s most quoted macro commentator, a man whose essays can move markets, is also its most reliable inverse indicator. 

The Jim Cramer of crypto, as the meme goes.

But jokes are cheap. Receipts are not. So BeInCrypto pulled every transaction from the three wallets attributed to Hayes for the past two years and eight months, priced every trade, matched every sell against the buys that came before it, and added it all up.

The answer: the meme is half true. The half that is true cost him about $2.47 million. And the most interesting finding is not where he loses. It is the one place he wins.

The Scoreboard: One Winner, Six Losers

The wallets lost roughly $2.47 million overall. ENA — where Hayes is an adviser and token holder — was the only profitable token, offsetting about $5.5 million in losses elsewhere.

Meanwhile, if you consider just the closed reconstructed trades, the result is a loss of $2.24 million. 

Include the open positions our model tracks, roughly 8,165 ETH purchased inside the window at an average of $1,884 and 25.3 million ENA at an average of $0.091, both currently underwater, and the total reaches minus $2.47 million on roughly $92 million put to work. 

Note that the wallets hold more than the model tracks, about 10,800 ETH and 28.45 million ENA per Arkham. The gaps are pre-window coins, and 3.1 million ENA received from an Ethena multisig on August 10, none of which has a purchase price in our window, so none enters the profit math.

The trade record: 15 wins, 25 losses.

Token by token, the picture is stark. 

• ETH lost a reconstructed $2.04 million. 
• SYN lost $1.41 million. 
• LDO lost $1.26 million.
• ETHFI lost $474,000. 
• PEPE lost $152,000. 
• PENDLE lost $124,000.

One token made money: ENA, up $3.23 million.

ENA is the governance token of Ethena. It is a project Hayes formally advises, holds vested tokens in, and promotes relentlessly. 

On the six tokens where he is just another trader with a strong opinion, the wallets lost about $5.5 million. On the one token where he has an insider’s seat, he made $3 million.

The ETH Pattern: Sell Low, Rebuy High

Ethereum is where the meme earns its keep because of the repeated pattern of buying high and selling low. Our findings show that Hayes-linked wallets sold into short-term fear, then bought back after prices recovered, sometimes at a steep premium.

The wallets traded ETH 34 times in our window, and the choreography repeats: sell into fear, watch the market steady, buy back at a worse price.

The clearest example ran through August 2025. 

On August 1, with Hayes publicly cautious on the macro picture, the wallet deposited 2,373 ETH to two trading desks, a sale Lookonchain tracked at about $3,507 per coin. Ethereum ignored the fear and ran almost straight up. 

On August 10, the same wallet bought 1,500 ETH back at around $4,252. Same asset, roughly $745 per coin more expensive. On the rebought coins alone, the exit and re-entry cost roughly $1.1 million.

The July 2026 episode that opened this article follows the identical script, compressed into a weekend. Sell 2,364 ETH at a $241,000 realized loss on Friday. 

Rebuy more than that by Monday. The loss purchased nothing: no protection, no dry powder, no changed thesis. Both transactions sit on the chain for anyone to verify, including the 1,167 ETH transfer to Cumberland.

Each individual sale had a reason. A scary macro print, a tariff headline, a liquidity worry, all articulated in Hayes’s essays. The problem is not any single decision. 

It is that his fear operates on a weekend timescale while Ethereum’s moves operate on a monthly one. The wallets kept selling dips and rebuying recoveries, and the running total of ETH trading only found new lows.

The Counterexample: He Traded ENA Brilliantly, Once

Fairness demands the ENA chapter, because it was a clear exception.

Hayes-linked wallets timed the token far better than other trades, generating millions in profit — though the latest ENA position is already underwater.

In late November 2024, the wallets spent about $11.2 million, accumulating 16.79 million ENA at around $0.67 through Binance, Wintermute, and Flowdesk. 

Then, unusually, Hayes waited. Three weeks later, on December 21, two hours after tweeting praise of Ethena, the wallet moved $8.4 million of ENA to Binance and sold near $1.19, roughly 78% above his $0.67 entry a month earlier. Our reconstruction credits about $3.7 million of realized profit on that day’s sale.

The criticism that followed concerned ethics: promoting a token publicly and selling into the pump within two hours. Nobody called the trade dumb. 

Across our full window, his ENA buys were followed by an average 30% outperformance within a month, and his ENA sells preceded 22% underperformance. Both sides of the trade, timed well, repeatedly.

Why is Arthur Hayes Good With ENA Trades?

Two structural reasons. First, proximity. Maelstrom advises Ethena. Second, patience, but only here.

He held the November position for weeks, while his ETH conviction has a shelf life of days.

The 2026 sequel is going worse. Lookonchain data shows he bought 15.8 million ENA at $0.23 in February and sold 3.6 million at $0.14. 

And in the few days before publication, the wallets went back in hard. They made a run of market purchases between August 1 and August 6 through Binance, Wintermute, Flowdesk, and Galaxy Digital, totaling roughly 25 million ENA at $0.08 to $0.09, timed directly into Ethena’s August 5 unlock of 172 million new tokens.

A further 3.1 million ENA arrived on August 10 from an Ethena multisig, consistent with a vesting distribution, which we exclude from his buys. ENA trades at $0.082 as we publish, 94% below its 2024 peak, and the purchased tranche is already underwater.

The Tuition Bills

The smaller trades show the same problem: Hayes-linked wallets repeatedly bought narratives too late or exited too early, turning strong convictions into heavy losses.

The worst single entry in the file is SYN. The wallets put $2 million into Synapse, watched it lose more than half its value against the market within a month, and finally flushed the position on August 1, 2026, selling 6.16 million SYN for $658,000. 33 cents back on every dollar in.

The most Cramer-shaped moment belongs to PENDLE. On September 12, 2024, Hayes tweeted that he was betting PENDLE would reach $10. 

Nine days later, the wallets sold 1.2 million PENDLE, about 61% of the position, at around $3.52, including one tranche dumped at a 36% loss. After the sale, PENDLE rallied 24% almost immediately.

The Verdict: Not Cramer, Something More Specific

Here is a twist. Hayes appears to have a real edge when entering trades; his buys outperform over the next month, but poor exits and weak long-term holds repeatedly erase that advantage.

For every purchase in the dataset, we asked one question. What did that token do over the next 30 days, compared with what it usually does? 

The comparison matters. Every token has a typical 30-day move across our period, its drift.

Against that bar, Hayes, the buyer, is genuinely good. The tokens he bought went on to beat their own drift by about 10% over the following month, weighted by how much money he put in. 

His nose for what is about to run is real. It is also why blindly doing the opposite of Hayes, the strategy Crypto Twitter jokes about, would have worked worse than the joke assumes.

The catch is that the 10% is what his entries were worth if held for a month. He almost never held for a month. The Friday-night sale, the PENDLE dump nine days after his own price target, and the ETH buyback at $4,252. Each of those exits cashed in the edge early or converted it into a realized loss.

And when he did hold on, the market eventually came for him anyway. Stretch the same measurement to 90 days, and it inverts. His buys trailed their drift by 20.5% within a quarter. The strength he buys is real but old. It pays for about a month after he arrives, then dies.

Put those numbers side by side, and you have the whole trader. His instincts run on a 30-day clock. But his nerves run on a 3-day clock. His losses live in the gap between the two.

That gap is the scoreboard. The one-month edge makes every individual entry defensible, which is why no single Hayes trade ever looks stupid in isolation. The three-day nerves mean he keeps interrupting his own best ideas. 

Is Arthur Hayes Crypto’s Jim Cramer?

So is he a profitable trader? On the evidence of the visible wallets, no.

Is he crypto’s Jim Cramer? Also, no, and the difference matters.

Cramer’s joke is that he is simply wrong. Hayes is not wrong. He is early on a one-month clock and gone either too soon or too late.

One final point of fairness. Whatever his trading record says, Hayes remains structurally long Ethereum.

Beyond the ETH the wallets hold outright, Arkham shows roughly 3,176 eETH and 1,167 weETH in staked positions, taking his total exposure to about 15,200 ETH equivalent, worth around $28.5 million. 

He trades around the position badly, but he has never abandoned it. And a $2.47 million trading loss is a rounding error against a net worth Arkham estimates at $200 million to $350 million, most of it built at BitMEX, the exchange he co-founded, which announced on July 23 that it will shut down permanently on September 23 after 11 years. 

The wallets we examined hold $33 million as of writing. Hayes never bets enough to get hurt, and nothing here speaks to how Maelstrom’s fund, which we cannot see, performs.

His trades are not uniquely bad. They are ordinarily bad, narrated in extraordinary essays, and permanently on display.

How we Read Arthur Hayes On-Chain Trades

Everything on a blockchain is public and permanent. We analyzed three Ethereum wallets tagged to Arthur Hayes by Arkham Intelligence, and trackers such as Lookonchain have reported on them as his for over two years:

1. 1. 0x534a0076fb7c2b1f83fa21497429ad7ad3bd7587
2. 2. 0xa86e3d1c80a750a310b484fb9bdc470753a7506f
3. 3. 0x6cd66DbdFe289ab83d7311B668ADA83A12447e21

Hayes has replied to posts about these wallets. He has never said they are not his. He has also never formally confirmed ownership, which is why the article describes the “wallets attributed to Hayes” rather than asserting ownership.

We downloaded the complete history of all three wallets, roughly 17,000 transfers, and then cleaned it. Out went thousands of scam deposits from address-poisoning attackers, including 624 fake versions of “USDC” built with lookalike characters. 

Out went staking transactions, which move tokens without selling them. Also, out went roughly $35 million of tokens that arrived from vesting contracts, because Hayes advises projects including Ethena and Ether.fi through his fund Maelstrom, and receiving a token salary is not the same as buying with conviction.

What survived were 124 real trades between December 2023 and August 14, 2026. 82 buys worth $92 million. 42 sells worth $73 million, and seven tokens: ETH, ENA, PENDLE, ETHFI, SYN, LDO, and PEPE.

For every sell, we matched the coins against the earliest unsold purchases before it, the standard first-in-first-out method, and asked a simple question. Did this trade make money?

One honest note. We price trades at daily closing prices, and actual fills differ slightly. 

Every figure here is a careful reconstruction, not an audit. The direction of the numbers is robust.

BeInCrypto has contacted Hayes and the Maelstrom fund for comment and will update this article with any response.

Disclaimer: This article is based on public blockchain data and third-party attribution. It is provided for informational purposes and is not investment advice.

The post Is Arthur Hayes Crypto’s Jim Cramer? 124 Trades Show a Clear Pattern appeared first on BeInCrypto.

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Ripple said the $275 million raised will support its expansion into traditional financial services such as prime brokerage and multi-asset clearing, citing strong demand from institutions.

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Wall Street has stopped valuing this company of rockets, Meta AI, however, predicts the market prices of Starlink monetization, and the price prediction ladders from $205 in 2027 to $410 by 2031.

The 2027 case rests on subscriber economics. Starlink ended Q1 with 10.3M subscribers and revenue up 91.9% year over year in the August 4 earnings.

ARPU stabilization is the metric that matters there. Falcon 9 is being sold out until 2028 and 2029, with supplies pricing power alongside it.

If SpaceX hits guided revenue of $22B to $24B for 2026, Meta AI expects SpaceX to re-rate to 8x or 9x sales. The 2028 target of $275 depends on Starship.

Flight 13 in July 2026 proved the V3 Starlink deployment. Monthly flights would deploy the full-size V3 constellation and the first phase of the orbital AI data center.

Twelve successful orbital flights would cut launch costs by more than 70% and triple Starlink capacity. By 2029, the base case reaches $340 as profitability flips, with 15M subscribers expected and Starshield contracts covering Starship’s $15B development spend.

The 2030 target of $385 turns on the AI narrative, converting a $3.2B loss-making division into orbital compute revenue. The bear case is grounded, where Starship failures or FAA delays keep the $4.9B net loss lingering and push SPCX toward $95 to $110.

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SPCX Price Prediction: Meta AI Predicts Satellites Matter More Than Rockets Now

The 2-hour chart shows a stock that has round-tripped. SPCX spiked above $225 in mid-June before selling off hard.

Late June and July delivered a sustained decline. Price fell from $170 toward $107 by the end of July.

August reversed that entirely. Buyers drove a sharp recovery from $107 back above $150 within two weeks.

Recent sessions have cooled. Price now consolidates in the low $140s after that run.

The close reads $143.31, up 0.27% and $0.39. The session range covered $141.92 to $143.72, with post-market at $143.12.

Support sits at $135, then $125 and $110. Resistance appears at $150, then $160 and $170.

RSI reads 55.62 with its signal line above at 58.94. The oscillator trails by more than 3 points, showing the August rally losing intensity.

Both lines sit above the midline. Momentum remains positive but is fading rather than building.

Meta AI’s 2027 base case needs a 43% move. The next earnings print and Starship cadence are what turn that ladder into something the market underwrites.

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SpaceX Has a Long List of Catalysts. Kalshi Lets Traders Focus on What Happens Next.

The SpaceX thesis now depends less on distant promises and more on a sequence of events the market can actually watch: subscriber growth, earnings, Starship launches, regulatory approvals, and deployment milestones.

That is exactly the kind of event-driven thinking Kalshi is built around.

Rather than taking a position in an asset and absorbing every variable that comes with it, Kalshi lets users trade directly on real-world outcomes across markets, economics, politics, technology, and other major events.

The question becomes simpler: what do you think happens next, and what probability is the market assigning to it?

For a company like SpaceX, where one successful launch or delayed approval can change the valuation narrative quickly, separating the event from the stock reaction can offer traders a different way to express conviction.

Eligible new users who join Kalshi through CryptoNews can also receive $25 through our referral link.

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The post Mark Zuckerberg Meta AI Predicts Where SpaceX Stock Could Be in 5 Years appeared first on Cryptonews.

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South Korea’s won hit its strongest level against the dollar in more than 10 months on Wednesday. The currency strengthened past the 1,400 mark, a level last seen in late September 2025.

A booming semiconductor industry is helping drive the currency’s recovery, even as the same sector comes under heavy selling pressure in South Korean equities.

Chip Dollars Reach the Currency Market

The won has gained 10.8% since early July. The currency traded as weak as 1,557.9 per dollar on July 2 before strengthening to 1,396.6 at press time.

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Export earnings explain the move. Korea shipped $98.89 billion of goods in July, up 63% from a year earlier. Semiconductor exports rose 179% to $41 billion.

Those dollars are now reaching the domestic market. SK Hynix raised $26.5 billion through a US depositary receipt listing. The firm said that it will use the funds from the listing to fund projects in the country.

Chip Stocks Pull the Other Way

The picture is markedly different in South Korea’s stock market. The same AI-driven semiconductor boom that is boosting export earnings has also left chip stocks vulnerable to sharp swings in investor sentiment.

The KOSPI has experienced significant volatility in recent months. The index plunged 22% in July, its steepest monthly decline since the global financial crisis. 

The selling pressure continued on Wednesday, prompting the Korea Exchange to activate a sell-side trading curb. At press time, the KOSPI stood at 6,490.63, down 5.52%.

Chipmakers led the decline. Samsung Electronics fell 7.64% to 248,000 won, while SK Hynix dropped 9.09% to 1,511,000 won. Together, the two companies account for roughly half of the KOSPI’s weight.

The sell-off followed a sharp overnight decline in US semiconductor stocks. SK Hynix’s depositary receipts fell 9.2% in New York, while Micron Technology declined 7.02%.

The divergence highlights an unusual dynamic in South Korea’s markets. The semiconductor boom is supporting the won through stronger export earnings and dollar inflows, while concerns over the global technology sector are weighing heavily on the country’s chip-heavy stock market.

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The post Why Is South Korea’s Won Rising While Its Chip Stocks Collapse? appeared first on BeInCrypto.

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HTX, a leading global cryptocurrency exchange, recently announced the successful conclusion of Phase 2 for its popular TradFi Trade to Earn campaign. The second phase delivered significant growth in trading volume, user engagement, and platform incentives, demonstrating the ability of the Trade to Earn model to drive trading activity among TradFi futures traders and further highlighting the market potential of this innovative trading incentive model.

Nearly 59,000 USDT Returned to Users as Volume Posts a Steep Growth Curve

Designed specifically for TradFi traders, HTX’s TradFi Trade to Earn ties active futures trading directly to fee rebates and bonus incentives, helping users cut costs and trade more efficiently.

During Phase 2, cumulative trading volume for TradFi futures on HTX surpassed 177 million USDT, nearly triple the volume recorded in Phase 1, representing a 179% increase. The rapid growth in volume reflects rising user engagement with TradFi futures.

Alongside the volume surge, platform reward distributions grew. HTX distributed nearly 59,000 USDT in total rewards during Phase 2, including more than 56,000 USDT dedicated to trading fee rebates. Compared with the first phase, total fee rebates and cumulative rewards distributed both grew by over 150%, reflecting the platform’s growing commitment to providing greater incentives.

For TradFi futures traders, fees are a meaningful part of their trading costs. Particularly in high-frequency trading and fast-moving markets, increased trading frequency often means higher trading costs. HTX’s TradFi Trade to Earn turns a portion of these trading costs into user incentives through fee rebates and rewards, lowering the barrier to participation while further enhancing capital efficiency for traders.

From Cutting Costs to Adding Returns: A New Stage for TradFi Trade to Earn

Moving from lowering the cost of trading to increasing traders’ overall returns, TradFi Trade to Earn is becoming a key incentive tool within the HTX futures ecosystem.

As markets continue to evolve, traders are placing greater emphasis on liquidity, trading costs, and capital efficiency. In response to changing trading needs, HTX continues to expand its TradFi offerings and refine its incentive mechanism, providing traders with a flexible and efficient way to participate in these markets through a broad selection of assets and compelling user benefits.

HTX now offers more than 170 TradFi assets, spanning precious metals, commodities, indices, and U.S. equities to meet a wide range of trading needs.

Notably, Phase 3 of HTX TradFi Trade to Earn is set to launch soon.

Building on the continued growth in trading volume across the first two phases, the upcoming event will carry forward the core “trading + incentives” model, offering users another round of fee rebates and rewards. As the range of TradFi assets continues to expand, users gain access to an increasingly diverse range of trading opportunities, further broadening the potential of the TradFi Trade to Earn model.

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

To learn more about HTX, please visit https://www.htx.com/ or HTX Square , and follow HTX on X, Telegram, and Discord.

The post HTX Distributes Nearly 59,000 USDT in Rewards as TradFi Trade to Earn #2 Concludes appeared first on BeInCrypto.

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Bitcoin price pulled back to about $64,300 on Aug. 19 after failing to hold above $65,000, as weak spot demand, rising bond yields, and resistance near $65,400 limited the rebound.

Summary

• Bitcoin price retreated to $64,300 after briefly approaching $65,000 during the latest recovery.
• Bollinger Bands place resistance at $65,350 and near-term support around $63,900.
• CoinGlass data shows liquidation clusters near $65,400, $66,000, and $62,200.
• Traders are awaiting the Federal Reserve’s July meeting minutes for interest-rate signals.

Bitcoin price stalls below $65,000

According to data from crypto.news, Bitcoin (BTC) price was trading at about $64,390 on Binance on Wednesday afternoon in Asia, down roughly 0.5% on the daily candle. The price had reached an intraday high of $64,736 before sellers pushed it lower.

The retreat followed a rebound from the $62,700 area earlier in the week. Bitcoin moved through $64,000 and approached $65,000 on Aug. 18, but the rally did not attract enough buying pressure to clear the upper end of its recent range.

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Trader Lennaert Snyder said Bitcoin had again been rejected from the high of its compression range. He identified $65,400 as the level keeping the asset inside the range and said a loss of the $64,000 previous-day low could send the price back toward the lower boundary.

Snyder said he was maintaining a short position opened near $65,000 but planned to move it to breakeven if possible. His downside scenario depends on Bitcoin losing $64,000, while another defense of the $62,500 range low would leave the market increasingly compressed.

Bitcoin has traded mostly between $62,500 and $65,400 since late July, aside from brief moves outside the range. Repeated reversals have reduced the value of entries near the middle, where neither buyers nor sellers have established control.

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Low trading volume limits the Bitcoin rebound

Thin spot activity remains one of the main obstacles to a sustained breakout. Analyst Gerla said Binance spot volume had declined for years, even as Bitcoin continued to hold around $64,000.

$BTC volume is drying up… and that’s exactly what I want to see.

Binance spot volume has been declining for years while price holds $64K. Most traders see this as bearish.

I see it as exhaustion. Sellers are running out.

Quiet markets like this are where explosive moves are… pic.twitter.com/siLMHHxbf5

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— Gerla 🦁 (@CryptoGerla) August 19, 2026

Gerla interpreted the decline as possible seller exhaustion rather than an immediate bearish signal. However, lower volume also means that the recovery has received limited confirmation from buyers.

Binance data published earlier in August showed how activity has shifted toward leveraged products. Bitcoin futures volume on the exchange reached about $57.82 billion in one session, compared with $6.08 billion in spot volume.

The resulting futures-to-spot ratio reached 7.82, according to CryptoQuant data. Futures therefore accounted for almost eight times as much activity as spot trading, leaving short-term price moves more exposed to leveraged positioning and liquidation-driven volatility.

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Institutional demand has also weakened. U.S. spot Bitcoin exchange-traded funds recorded about $385.2 million in net withdrawals during the week through Aug. 14. The outflows followed $853.5 million in inflows in the previous five trading sessions.

Lower ETF demand and weak exchange volume have reduced the buying pressure available near resistance. Both measures would need to improve for a breakout above $65,400 to receive stronger market confirmation.

Bitcoin charts identify $65,350 as resistance

The daily chart shows Bitcoin trading just above the middle Bollinger Band at $63,895. The upper band stands at $65,350, closely matching the resistance that stopped the latest recovery.

A daily close above $65,350 would place Bitcoin outside the upper edge of its recent volatility range. Such a move could open a path toward $66,000, followed by the late-July swing area near $67,000.

The lower Bollinger Band sits at $62,440, creating a broader support zone between $62,400 and $62,700. A daily close below that area would weaken the range structure and expose $61,000, followed by the June and July lows near $58,000.

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Chaikin Money Flow was at minus 0.05 on the daily chart. The reading indicates that capital flows remain slightly negative and offers little evidence of sustained accumulation despite Bitcoin’s rebound.

The 4-hour chart presents a firmer short-term setup. Bitcoin remains above the Supertrend support at $63,466, while the Awesome Oscillator is positive at 951.

Recent red bars on the Awesome Oscillator show that bullish momentum is slowing after the advance from $62,700. Buyers would need to defend the $63,450–$64,000 region to preserve the short-term recovery.

Liquidation levels could determine the next move

CoinGlass’ one-week liquidation heatmap shows several concentrations of leveraged positions surrounding Bitcoin’s current price.

The closest overhead liquidity appears between approximately $65,300 and $65,600, with another cluster around $66,000. A move through $65,400 could trigger short liquidations and accelerate the price toward the second cluster.

The strongest nearby downside concentration sits around $62,200. Additional liquidity is visible between $63,400 and $64,000, making that region a possible target if Bitcoin loses its current 4-hour support.

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Liquidation heatmaps identify areas where leveraged positions may be closed, but they do not determine which price level will be reached first. Bitcoin’s position between large clusters on both sides supports Snyder’s view that the market remains compressed.

Fed minutes remain the next US market catalyst

Bitcoin’s retreat also followed a broader pullback in U.S. risk assets. LSEG data cited by Barron’s placed BTC near $64,306 as rising global bond yields and Middle East tensions weighed on markets.

Treasury yields eased on Wednesday after the previous session’s global bond selloff, with the U.S. 10-year yield around 4.686%. Brent crude remained above $91 as renewed U.S.-Iran tensions maintained concerns about energy-driven inflation.

U.S. investors are now waiting for minutes from the Federal Reserve’s July meeting. The release could provide more information on how officials view inflation and the path of interest rates.

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A softer policy signal, improving ETF flows, and a close above $65,400 would strengthen Bitcoin’s breakout case. Renewed pressure on bonds and a loss of $64,000 would instead shift attention toward $62,500 and the large liquidation cluster near $62,200.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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