{
  "id": 1455901,
  "title": "Live updates: Bitcoin flat near $63,500, but the flows have quietly turned",
  "url": "https://urgent.news/2026/08/17/live-updates-bitcoin-flat-near-63-500-but-the-flows-have-quietly",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T08:38:26.000Z",
  "source": {
    "name": "CoinDesk",
    "slug": "coindesk",
    "url": "https://www.coindesk.com/markets/2026/08/17/live-updates-bitcoin-flat-near-usd63-500-but-the-flows-have-quietly-turned"
  },
  "original_language": "en",
  "account": "Bitcoin remained flat around $63,500 as of late Monday, despite the flows turning quietly in favor of the cryptocurrency. HIVE, a cryptocurrency, experienced a 9% surge in pre-market trading on Monday following the announcement of a $350 million, five-year GPU cloud deal. This deal increased HIVE's contracted annual recurring revenue to around $180 million, with a target of $200 million by Q4 2026.\n\nThe Dollar Index (DXY) fell to 99.29 early Monday, the lowest since June 5, indicating weakness in the greenback. A declining dollar typically benefits risk assets, including Bitcoin. Currently, Bitcoin is trading near $63,500, with support holding above the low-$60,000s and resistance capping below $64,000. However, the flow situation has reversed, with US spot ETFs taking in more than 14,000 BTC over five days into August 7, marking the strongest stretch since May. In Q3, approximately 11,000 BTC of net inflows were recorded, compared to 110,000 BTC outflows in the latter half of Q2.\n\nInstitutional selling that dominated the second quarter has shifted to buying. Spot volumes have plummeted to two-and-a-half-year lows, while perpetual volumes have fallen to three-year lows. Volatility is near multi-year troughs. Fakhro, a partner at ARP Digital, notes that fresh demand entering the market, when nobody is watching, is crucial for forming durable bottoms. Bitcoin's six-month price range between $60,000 and $80,000, currently holding near a 50% drawdown, suggests apathy rather than further deterioration. On-chain data hints at bottoming characteristics as sentiment shifts from panic to caution.\n\nHowever, the risk remains on both sides. Bitcoin is as stuck below $64,000 as it is above $62,000, creating a box rather than a launchpad. With perpetual open interest holding above 300,000 BTC throughout the summer, despite collapsed volumes, the market is exposed to a sharp liquidation move in either direction.",
  "summary": "US spot ETFs took in more than 14,000 BTC in five days and Q3 flows have flipped positive, ARP Digital's Yusuf Fakhro says, fresh demand landing in the thinnest, most sold-out market in years.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}