Bitcoin Stalled Between $62,000 and $66,000 as ETF Demand Is Offset by Miner and Corporate Sales

Overview

• Bitcoin has traded in a tight $62,000–$66,000 corridor for weeks, extending a five-week standstill as steady institutional spot‑ETF purchases failed to push prices higher.
• Large over‑the‑counter sales from mining companies and corporate treasuries have repeatedly neutralized ETF inflows and left the market without clear directional momentum.
• MicroStrategy reported selling about 6,916 BTC since June, a shift from its prior no‑sell stance that added concrete supply equal to hundreds of millions of dollars.
• Trading volumes and implied volatility have fallen to multiyear lows, and a recent Coldcard wallet hack with estimated losses of roughly 1,400–1,700 BTC has increased uncertainty in thin markets.
• Traders are focused on Wednesday’s U.S. CPI print and any progress on the Digital Asset Market Clarity Act as the most likely catalysts to break the stalemate, with seasonal weakness and $60,000 technical support framing near‑term downside risk.