Bitcoin whales have accumulated 54,000 BTC since June 14, but the price remains trapped below the $65,000 supply zone. On August 14, Bitcoin briefly fell below $63,000, hitting a low of $62,535. The average production cost stood at $76,500, yet miners remained resilient despite a 17% drawdown from this level. The 30-day moving average of UTXOs in profit bounced from 48% to 53.7%, while total Bitcoin transfer volume rose 23% from its April low to 769,100 BTC, indicating recovering onchain activity.
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