Deep Wave TechFlow news, August 12, according to CoinDesk, Bitcoin has recently continued to fluctuate within a narrow range of 62,000 to 66,000 US dollars for several weeks. The stable inflow of spot ETF funds has been offset by over-the-counter selling by miners and institutional holders such as MicroStrategy, resulting in a lack of a clear breakout direction for the price.
Current trading volume and implied volatility have fallen to three-year lows, market momentum is insufficient, and investor positions show hedging rather than betting on major fluctuations. Analysts point out that the US CPI inflation data on Wednesday and the regulatory progress of the Digital Asset Market Clarity Act may be key catalysts to break the deadlock, but historical data shows that Bitcoin has fallen by an average of about 4% in September, and seasonal weakness factors may constitute upward resistance.
