Bitcoin is facing significant resistance in the $65K-$67K zone, where pending sell orders prevent a sustained bullish recovery despite positive Spot ETF flows totaling $763.6 million in inflows since August 3rd. Long-term holders (LTH) are seeing their coins move at a loss on average, with the SOPR indicator on a 7-day moving average at 0.92, although the price remains 30% above their cost basis at $49.3K. Bitcoin’s price currently sits 5% below the short-term holder cost basis at $67.5K, making this zone a crucial hurdle to confirm a trend change. Key technical levels to watch are $67.3K at the swing level and $82.8K for durable bullish confirmation of the market structure.
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