Bitcoin traded around $63,218 on August 2, holding above the $63,000 level even as the fallout from a Coldcard hardware wallet exploit widened. Provider metrics show 24-hour volume of roughly $15.7 billion and a market capitalization near $1.27 trillion. The price has hovered near the 78.6% Fibonacci retracement at $63,150, measured from the May peak of $82,492 to the June low of $57,884.
A daily close below that retracement would signal buyers failed to defend the zone, opening the door to a retest of $62,000 and potentially the psychological $60,000 support if selling accelerates. Momentum indicators have turned bearish: the daily RSI sits at 45.12 below its 51.99 moving average, and the MACD histogram has moved into negative territory at −218.84. Four-hour Chaikin Money Flow reads −0.22, indicating sustained selling pressure.
U.S. spot Bitcoin ETFs recorded $265 million in net outflows on July 31, adding to the downside bias. Broader on-chain data cited by CoinDesk shows 30-day apparent demand at negative 63,000 BTC, meaning the market offloaded more coins than it absorbed even as ETFs and Strategy accumulated roughly 94,000 BTC in March. Wallets holding 1,000 to 10,000 BTC have flipped from accumulation to distribution.