BTC remains range-bound between $62,000 and $66,000 as ETF inflows balance miner and corporate sales ahead of key inflation data.
Bitcoin traded near $63,500, down 0.6% over 24 hours, as steady ETF inflows offset selling from miners and corporate holders like MicroStrategy. The cryptocurrency has been confined to a $62,000-$66,000 range for weeks, suppressing volatility and trading volumes to multiyear lows.
Analysts noted that positioning suggests investors are hedged rather than betting on a breakout. Low liquidity has left the market vulnerable to catalysts, with Wednesday’s U.S. CPI report and potential regulatory developments seen as potential triggers.
Historical trends show September has been a weak month for BTC, adding to the cautious outlook. Implied volatility remains subdued, reflecting limited expectations for a sharp move in either direction.