{"id":76706,"date":"2026-08-12T08:59:11","date_gmt":"2026-08-12T08:59:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-sellers-showing-exhaustion-around-64000-but-no-bottom-yet\/"},"modified":"2026-08-12T08:59:11","modified_gmt":"2026-08-12T08:59:11","slug":"bitcoin-sellers-showing-exhaustion-around-64000-but-no-bottom-yet","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-sellers-showing-exhaustion-around-64000-but-no-bottom-yet\/","title":{"rendered":"Bitcoin Sellers Showing Exhaustion Around $64,000, But No Bottom Yet"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Glassnode flagged bitcoin seller exhaustion but stopped short of confirming a bottom.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Spot bitcoin ETFs have continued to attract inflows as BTC held near the $64,000 level.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Traders now watch whether BTC clears $65,000 resistance to confirm Wintermute\u2019s recovery thesis.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Selling Pressure Fades, But Confirmation Is Missing<\/h2>\n<p>Onchain analytics firm Glassnode said this week that <a href=\"https:\/\/x.com\/glassnode\/status\/2087221902146424910\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin sellers appear to be running out of steam<\/a>, a signal often associated with the later stages of a market downturn. That said, the firm stopped short of declaring the cycle\u2019s bottom is confirmed even as bitcoin has spent the first half of August 2026 stuck in a narrow band (trading between $63,500 and $65,000).<\/p>\n<p><\/p>\n<p>Bitfinex\u2019s <a href=\"https:\/\/blog.bitfinex.com\/bitfinex-alpha\/155000-bitcoins-say-bulls-hold-steady\/\" target=\"_blank\" rel=\"noopener noreferrer\">research desk offered one explanation<\/a> for why sellers might be tiring, stating that more than half of the circulating bitcoin supply (i.e. 54.6%) currently sits in profit. Analysts described that level as putting the average holder effectively at breakeven, a condition that has historically coincided with the tail end of corrections rather than their beginning.<\/p>\n<p>Glassnode\u2019s own commentary postured the current market as compressed rather than capitulating, adding that the pervading trading conditions were \u201cpriced for nothing and reacting to everything.\u201d<\/p>\n<h2>ETF Demand Holds Even as Price Stalls<\/h2>\n<p>One reason analysts aren\u2019t writing off a recovery is that institutional demand has not dried up alongside retail conviction. Even though spot bitcoin exchange-traded funds (ETFs) bled $144.67M yesterday, the outflow came after a <a href=\"https:\/\/news.bitcoin.com\/bitcoin-etf\/bitcoin-etfs-shed-144-67m-as-5-day-inflow-streak-breaks\/\">5-day streak of continued inflows<\/a>. Moreover, despite high-profile sales from many whales and Saylor-led Strategy, BTC has been able to maintain its price.<\/p>\n<p>Wintermute OTC trader Jasper De Maere <a href=\"https:\/\/www.binance.com\/en\/square\/post\/08-05-2026-bitcoin-stays-near-64-000-despite-211-5-million-spot-etf-inflows-352565758055201\" target=\"_blank\" rel=\"noopener noreferrer\">tied the recovery narrative<\/a> directly to price action, saying the case only holds if bitcoin convincingly clears $65,000 in the near term. Until that happens, the seller-exhaustion signal remains a data point rather than a turning point.<\/p>\n<p>Bitcoin.com News previously reported on a <a href=\"https:\/\/news.bitcoin.com\/glassnode-data-shows-seller-exhaustion-emerging-in-bitcoin-ethereum-markets\/\">similar Glassnode signal from last year<\/a>, when loss-taking events across bitcoin and ethereum were reducing in scale with each price leg lower following a tariff-driven selloff that dragged bitcoin down to $74,500. That episode preceded a recovery, but it took months, not days, for price to confirm what the onchain data had already suggested.<\/p>\n<p>That parallel, however, is imperfect, especially since bitcoin\u2019s current price is roughly $10,000 lower than of that time, but it did mark a turning point in BTC\u2019s trajectory.<\/p>\n<h2>A Decisive Break Could Change the Status Quo<\/h2>\n<p>The market\u2019s next move likely hinges less on onchain exhaustion metrics and more on whether buyers can push bitcoin decisively through $65,000 resistance. A clean break would validate the recovery thesis that Wintermute and other desks are floating; another rejection would support the view that seller exhaustion is a pause, not a pivot.<\/p>\n<p>In any case, Glassnode analysts seem to be convinced that sellers who drove bitcoin lower through late July and early August are largely spent. Whether that\u2019s enough to build a durable bottom, or just a breather before the next test lower, is the question the firm itself hasn\u2019t yet answered.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/featured\/glassnode-bitcoin-sellers-showing-exhaustion-around-64000-but-no-bottom-yet\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Glassnode flagged bitcoin seller exhaustion but stopped short of confirming a bottom. Spot bitcoin ETFs have continued to attract inflows as BTC held near the $64,000 level. Traders now watch whether BTC clears $65,000 resistance to confirm Wintermute\u2019s recovery thesis. Selling Pressure Fades, But Confirmation Is [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":76707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76706"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76706"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76707"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}