Bitcoin opened at $64,848.91, down slightly from Sunday's close, before recovering through the session. The narrow intraday range masks elevated volatility in liquidations.
Ethereum opened at $1,908.93, down 0.3% from Sunday. Secondary tokens including XRP and Dogecoin also faced selling pressure as traders prepared for inflation data.
The $65K level is significant resistance on daily charts. Sustainable breakout above here would require multi-day holding and fresh inflows rather than just intraday spikes.
U.S. inflation data remains the primary driver for this week's price direction. The market is positioned cautiously pending the print, expecting volatility regardless of the outcome.
Spot Bitcoin ETF inflows have held strong through the first two weeks of August without a down day, providing a backstop even as leveraged traders exit positions.
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