Bitcoin climbed above $64,000 for the first time in seven to eight days, but this rebound remains threatened by multiple sources of selling pressure. Miners sold 1,648 BTC over ten days, representing approximately $106 million in potential selling pressure, while spot bitcoin ETFs saw outflows of nearly $400 million last week. Exchange balances increased by 24,700 BTC, adding $1.6 billion in potential sell-side liquidity. Analyst Ali Martinez expects the price to retreat toward support levels between $63,110 and $61,850, potentially dropping to $54,300 if that level breaks.
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