Bitcoin price nears $64K as 32,000 BTC hits exchanges

Bitcoin price rebounded toward $63,900 on Aug. 3 after briefly falling near $62,300, but weak spot demand and fresh short-term holder losses continue to limit its recovery. Summary Bitcoin price recovered to $63,894 after testing an intraday low of $62,300. The daily RSI remained neutral at 49.28, while the MACD showed weakening momentum. Short-term holders reportedly sent 32,000 BTC to exchanges at a loss within 24 hours. Liquidation liquidity is concentrated near $62,000 and $64,000, raising volatility risks. Bitcoin price recovers from $62,300 According to data from crypto.news, Bitcoin (BTC) price traded at $63,894 at the time of writing, up 0.51% for the day after moving between $62,300 and $63,993. The recovery followed a sharp decline toward $62,600 noted in Glassnode’s latest market report. According to the on-chain analytics firm, Bitcoin failed to hold its earlier move above $66,000 as weak spot demand and persistent net selling kept the market within a consolidation phase. The daily chart shows that BTC has stabilized slightly above the 78.6% Fibonacci retracement level at $63,183. This area has acted as a short-term pivot since the beginning of July, with repeated price movements on both sides of it. Bitcoin price daily chart — Aug. 3 | Source: crypto.newsHowever, the rebound has not yet changed Bitcoin’s broader structure. BTC continues to trade below its July peak near $66,900 and remains well under the 61.8% Fibonacci retracement level at $67,394. A daily close above $64,000 would strengthen the short-term recovery. Failure to hold $63,183 could expose Bitcoin to another test of the $62,000 region. You might also like: Strategy sells $104.7 million in Bitcoin to support preferred stock Short-term Bitcoin holders lock in losses Selling by short-term holders appears to be adding pressure near the lower end of Bitcoin’s range. A CryptoQuant chart shared by market observer Whale Factor showed that approximately 32,000 BTC reached exchanges at a loss within a single day. The account described the move as the largest short-term holder capitulation event in 30 days. 🐋 WHALE WATCH : 32000 $BTC hit exchanges at a loss in a single day. Short term holders largest capitulation in 30 days. Someone bought high held through the dip and sold the local bottom to fund your spot bag. Liquidity collected. Next move loading. pic.twitter.com/0h6VuPL9UQ — Whale Factor (@WhaleFactor) August 3, 2026 Transfers to exchanges do not confirm that every coin was sold. Still, coins moving from short-term holders at a loss can indicate defensive positioning or capitulation, particularly when prices are testing support. Glassnode reported a similar deterioration in market profitability. The proportion of Bitcoin’s supply held in profit is approaching a cyclical low, while investor spending patterns increasingly reflect stop-loss activity. Long-term holders have remained more resilient.