Bitcoin Price Finds Support Near $65K Amid Ongoing Sell Pressure

Bitcoin's price has stabilized near the $65,000 mark after breaking below $68,000 mid-week, according to Glassnode's market pulse report.

The leading cryptocurrency tested support at $65,000 before bouncing modestly to around $67,000, a pattern of lower highs that remains intact and keeps short-term momentum fragile.

Trading volume declined across spot markets, with participation described as 'subdued' in the report. Investors are not showing much conviction at these levels, neither panic selling nor aggressive accumulation.

The derivatives picture shows cautious longs and easing sell-side pressure, suggesting bears are backing off rather than pressing their advantage. Options traders appear complacent, with open interest contracting sharply and volatility spreads previously negative.