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Bitcoin holds above $64K as miners move 581 BTC, signaling possible supply pressure.

Market News
07 Aug 2026
AMBCrypto
View Source
Neutral
Bitcoin holds above $64K as miners move 581 BTC, signaling possible supply pressure.

Bitcoin struggled to recover after rejection near $64,988 and traded around $64,278, staying above its 9-day EMA. Miners MARA and Riot Platforms transferred a combined 581 BTC worth about $37.3 million to NYDIG, which could indicate selling pressure. However, broader miner data showed a slight increase in Bitcoin held by miners, suggesting a pause in distribution rather than heavy selling. Bitcoin's price action above the 9-day EMA hints at potential for reclaiming $65,000, but bearish momentum has only eased, not reversed yet.

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