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Bitcoin trades in a tight $62K-$66K range amid ETF demand and major liquidations by Strategy.

Market News
12 Aug 2026
Blockonomi
View Source
Neutral
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Bitcoin has been stuck in a narrow trading range between $62,000 and $66,000 for several weeks due to balanced pressures from ETF buying and selling by miners and corporate treasuries. Strategy, led by Michael Saylor, unexpectedly sold over 6,900 BTC worth $440 million since June, adding downward pressure despite ETF inflows. Market liquidity is at a three-year low, limiting price movement, while investors await the U.S. Consumer Price Index report for a potential market catalyst. Technical indicators show a buy signal, but the $60,000 support level is critical to watch for future direction.

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Abeona Therapeutics' price target cut to $15 after Q2 revenue miss and operational issues with Zevaskyn therapy.

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Life360 director Morin Brit sells 15,582 shares for $1 million

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