In this video I break down the latest Bitcoin price action to determine if the current bounce is a sustainable recovery or a trap. I analyze the ongoing C wave structure and examine whether the market is building the necessary five wave pattern to confirm a meaningful low. Video by More Crypto Online.
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Bitcoin (BTC) is trading within a range of $63,000 to $64,000 today, Monday, August 17, 2026, showing a moderate intraday recovery of about 1% but remaining down approximately 3% over the past week. The cryptocurrency market is starting the week slowly as investors wait for major macroeconomic catalysts.
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Bitcoin Insights Today
-The End of the "Exchange Supply Drain" - According to new on-chain metrics from Santiment, the local Bitcoin shortage on liquid trading platforms has officially ended. Investors returned 84% of previously withdrawn coins back to exchange wallets during the first three weeks of August. This return of liquid supply matches Bitcoin's tight consolidation at $63,500 and takes some upward pressure off the immediate order books.
-Whale Accumulation vs. Quiet Spot Liquidity - Data from Glassnode reveals a split in market participants. Large "whale" addresses holding more than 10,000 BTC have hit multi-month highs. Meanwhile, retail addresses holding less than 1 BTC are actively declining. While overall active entities rose 12.8% over the past two weeks, pure spot trading liquidity remains quiet, falling toward multi-year lows.
-Institutional Cool-Down - Institutional capital is showing short-term caution. U.S.-listed spot Bitcoin ETFs experienced an outflow of $390 million last week. Additionally, major corporate holder Strategy Inc. reported no new Bitcoin purchases since mid-June, choosing instead to raise cash and buy back preferred shares.
-Macro Watch: Fed Minutes & Geopolitics - Markets are moving sideways due to outside pressures. Investors are eagerly awaiting Wednesday's FOMC minutes to look for clear hints on potential Federal Reserve interest rate cuts. On the geopolitical side, the expiration of the 60-day U.S.–Iran ceasefire has kept energy prices elevated. This has caused a lot of capital to rotate toward gold as a safe-haven asset, which is capping Bitcoin's immediate room to break out
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