Published Aug 13, 2026, 8:05 AM ET · Updated 3 months ago · 1 source
THE BLOCK: Bitcoin slid toward $63,000 as Glassnode flagged the thinnest spot tape since 2019, with leveraged longs crowding in ahead of a recovery the data doesn't yet support. Analysts said bitcoin:native is pinned between a $63K cost basis and a $68.7K break-even level ahead of July's PPI release.
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Original Report
THE BLOCK: Bitcoin slid toward $63,000 as Glassnode flagged the thinnest spot tape since 2019, with leveraged longs crowding in ahead of a recovery the data doesn't yet support. Analysts said bitcoin:native is pinned between a $63K cost basis and a $68.7K break-even level ahead of July's PPI release.