Bitcoin (BTC) Technical Analysis Today
Bitcoin (BTC) Price Change
| Current Price | 24H | 7 Days | 30 Days | 90 Days |
|---|---|---|---|---|
| $64,293.76 | -- | -0.73% | +1.07% | -20.02% |
AI Daily Analysis for Bitcoin
Bitcoin Analysis Today 2026-08-07
- Institutional Whales Continue Accumulating: Institutions such as BlackRock and ARK, along with new wallets, have cumulatively purchased over 3,000 BTC. Whale activity remains high, and ETFs have seen net inflows of approximately $620 million for three consecutive days, indicating that smart money is aggressively positioning near $64,000, supporting a BTC rebound.
- Technical Bottoming Signals: BTC price is testing key cycle trendlines. The 4-hour MACD shows a golden cross and has stabilized near $64,000. Glassnode metrics indicate that bottoming conditions are forming, with short-term downward momentum exhausting.
- Extreme Market Fear: The Fear & Greed Index stands at only 26, and the retail long/short ratio is below 0.5 (bears dominant). However, funding rates remain positive (0.0058%), suggesting that major players are taking advantage to shake out weak hands and accumulate positions, setting the stage for an imminent rebound.
Bitcoin Analysis Yesterday 2026-08-06
- Whales Continue Accumulating: Four new wallets have cumulatively deposited 1,540 BTC, and institutions such as Block and BlackRock continue to increase their holdings, indicating that smart money is actively accumulating at current levels (around $64,500), providing strong support for the price and favoring a rise in BTC.
- Significant ETF Inflows: Spot BTC ETFs have seen net inflows for three consecutive days, with a single-day net inflow reaching $244 million. Additionally, net inflows over the past few days have exceeded $140 million, demonstrating strong institutional buying power and driving BTC prices upward.
- Shorts Face Liquidation: Short positions dominated liquidations across the market, totaling $210 million. Meanwhile, whales reduced high-leverage 40x short positions at a loss, accompanied by an increased proportion of active buy volume. This short-term short squeeze scenario favors a BTC rebound.
Bitcoin Technical Indicators
Technical analysis looks at price action and common indicators to understand trend and momentum. Below is an automated snapshot of Bitcoin across multiple timeframes, summarizing the current technical bias and what the chart is signaling next. This is a technical read—not a guaranteed forecast, so please do your own research and manage risk appropriately.
| Moving Averages: | Strong Sell | Sell 13 | Neutral 0 | Buy 1 |
| Technical Indicators: | Strong Sell | Sell 9 | Neutral 2 | Buy 1 |
Bitcoin Market Signals
The above data is compiled from public market information and is for reference only. MEXC does not provide financial advisory services. Please consult a professional before investing.
Bitcoin Capital Flow
| History | Net Inflow | Price |
|---|---|---|
| 2026-08-07 | -$5.84 M | 64,358.42 |
| 2026-08-06 | $88.01 M | 64,641.01 |
| 2026-08-05 | $147.36 M | 64,395.26 |
| 2026-08-04 | $65.33 M | 64,127.55 |
| 2026-08-03 | $132.95 M | 63,693.91 |
The above data is compiled from public market information and is for reference only. MEXC does not provide financial advisory services. Please consult a professional before investing.
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Disclaimer
The information provided in this material does not constitute investment, tax, legal, financial, accounting, or any other professional advice, nor does it serve as a recommendation to buy, sell, or hold any assets. MEXC Learn provides this content for informational purposes only and does not offer investment advice. Please ensure you fully understand the risks involved and exercise caution when investing. MEXC is not responsible for users' investment decisions.