Bitcoin trading flat below $64k as soft inflation data and crowded long positions suppress volatility to lowest levels since 2019.
Macro & Markets ·
Bitcoin remained below $64,000 as flat July producer price index and in-line consumer price index readings failed to trigger a rally, with Glassnode reporting absent buyer interest. Crowded long positions combined with soft inflation data have produced the lowest volatility levels in Bitcoin trading since 2019, according to analyst commentary.