{"id":46017,"date":"2026-08-04T22:25:04","date_gmt":"2026-08-04T22:25:04","guid":{"rendered":"https:\/\/financialrush.com\/?p=46017"},"modified":"2026-08-04T22:25:04","modified_gmt":"2026-08-04T22:25:04","slug":"bitcoin-holds-key-support-as-on-chain-data-shows-fresh-accumulation","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=46017","title":{"rendered":"Bitcoin Holds Key Support as On-Chain Data Shows Fresh Accumulation"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>&#13;<br \/>\n\t\t\t\t\t\t\t\t\tRecent on-chain data shows roughly 155,000 BTC moved into the $62,000 to $65,000 cost-basis range during the pullback.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<div>\n<p>Bitcoin finished July on a strong note before losing momentum at the start of August with two straight daily closes below $63,000. The decline has raised fresh caution even as blockchain data points to steady buying around current price levels.<\/p>\n<p>That buying activity became clearer in recent on-chain data, which shows roughly 155,000 BTC moved into the $62,000 to $65,000 cost-basis range during the latest pullback. The zone now holds the largest concentration of supply across the market and represents about 0.7% of Bitcoin\u2019s circulating supply.<\/p>\n<h2 id=\"accumulation-continues-despite-price-weakness\">Accumulation Continues Despite Price Weakness<\/h2>\n<p>According to the recent Bitfinex report, the supply cluster <a href=\"https:\/\/blog.bitfinex.com\/bitfinex-alpha\/155000-bitcoins-say-bulls-hold-steady\/\" target=\"_blank\">expanded<\/a> while prices declined instead of shrinking through broad selling activity. The report said the pattern suggests buyers absorbed selling pressure rather than existing holders leaving the market in large numbers.<\/p>\n<p>The data also highlights different behavior between long-term and short-term holders during the recent decline. Long-term holders continued accumulating Bitcoin, while many short-term holders reduced positions near their purchase prices.<\/p>\n<p>Despite those signs of accumulation, broader market activity has become more subdued. Bitcoin entered August after recording a 7.3% gain during July, which matched historical seasonal trends for the month. However, spot trading volumes have fallen to levels last seen in late 2023.<\/p>\n<h2 id=\"market-sentiment-turns-more-cautious\">Market Sentiment Turns More Cautious<\/h2>\n<p>Institutional demand also weakened as U.S. spot Bitcoin exchange-traded funds <a href=\"https:\/\/cryptopotato.com\/bitcoin-vs-ethereum-etf-battle-who-won-july\/\">recorded<\/a> a combined net weekly outflow of $61.5 million. That result ended three consecutive weeks of positive inflows and reflected softer demand from large market participants.<\/p>\n<p>The options market has also turned more defensive as participants paid higher premiums for downside protection. Even so, implied volatility remains close to multi-year lows, suggesting expectations for relatively limited price swings.<\/p>\n<h3 id=\"you-may-also-like\" class=\"heading-4\">You may also like:<\/h3>\n<p>Beyond market positioning, broader economic conditions continue influencing sentiment. Second-quarter GDP expanded 1.5%, while private domestic demand rose 3.9%, driven by consumer spending and AI-related investment.<\/p>\n<p>Inflation also remains a focus after personal consumption expenditures prices increased at a 5.1% annualized pace. Meanwhile, the 10-year real yield reached 2.41%, placing it only nine basis points below a level some analysts consider important for non-yielding assets.<\/p>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<!-- Footer ad [js] --><\/p>\n<p><noscript><br \/>\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=183000;size=0x0;setID=1321375\" target=\"_blank\"><\/a><br \/>\n<\/noscript><\/div>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n\n<br \/><a href=\"https:\/\/cryptopotato.com\/bitcoin-holds-key-support-as-on-chain-data-shows-fresh-accumulation\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"&#13; Recent on-chain data shows roughly 155,000 BTC moved into the $62,000 to $65,000 cost-basis range during the&hellip;\n","protected":false},"author":2,"featured_media":38121,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-46017","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/46017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46017"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/46017\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/38121"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}