Bitcoin Price Holds $64K as 23% of Mining Rigs Slip Into Daily Losses
Key Insights
- The Bitcoin (BTC) price holds near $64,745 as 22.7% of tracked mining rigs post daily losses.
- Ali Charts sees TD Sequential, 50-month SMA, and CMO signals associated with previous macro bottoms.
- Spot Bitcoin ETFs drew $754 million this month as options traders increased downside protection.
The Bitcoin price holds near $64,745 as mining profitability weakens across several major machines. WuBlockchain Data Center shows 22.7% of 22 tracked rigs produced negative daily net returns on August 6.
The pressure arrives while Bitcoin trades inside a narrow recovery range after falling toward $62,000 earlier this week. Analyst Ali Martinez says several monthly indicators now resemble conditions seen around previous major market bottoms.
At the same time, mining economics and long-term momentum are sending different signals. That contrast keeps attention on whether current support can hold as miners face narrower operating margins.
However, the analysis provided here is based on publicly available market data and technical indicators. It does not constitute a recommendation to buy, sell, or hold any digital asset.
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