TLDR
- Bitcoin rose 2.3% on Monday to $64,282, recovering after a nearly 3% drop last week
- President Trump is expected to attend a White House crypto innovation committee meeting Wednesday
- Spot Bitcoin ETFs saw nearly $390 million in outflows last week, the worst since early July
- Bitcoin’s implied volatility dropped to the 2nd percentile of its historical range
- Key price levels to watch: resistance at $64,700 and support at $62,200
Bitcoin bounced back on Monday, rising 2.3% to $64,282 after a rough week that saw the world’s largest cryptocurrency lose nearly 3%.
The rebound came as traders looked ahead to a White House meeting scheduled for Wednesday, where President Trump is expected to sit down with crypto industry leaders as part of his administration’s new innovation committee.
The meeting will include crypto CEOs, prediction market leaders, and representatives from traditional finance and AI. It is followed by a Thursday session at the Commodities Futures Trading Commission, which oversees the committee and is expected to discuss further crypto regulation.
Last week’s sell-off was driven by a mix of Middle East tensions, regulatory setbacks, and news that Strategy had sold $333.7 million worth of its own shares. The company sold 3,458,866 shares between August 10 and 16, directing proceeds toward dividends, share repurchases, and cash reserves.
Strategy’s Bitcoin holdings remain unchanged at 840,447 tokens, worth approximately $53.4 billion. The company’s average purchase price stands at $75,385 per Bitcoin.
Spot Bitcoin ETFs recorded nearly $390 million in outflows last week, the worst weekly figure since early July, according to data from SoSoValue.
Spot Bitcoin ETFs Saw $390 Million in Net Outflows Last Week; Spot Ethereum ETFs Saw $2.26 Million
From August 10 to August 14 (ET), spot Bitcoin ETFs recorded $390 million in net outflows, led by Fidelity’s FBTC with $153 million. Spot Ethereum ETFs recorded $2.26 million in… pic.twitter.com/eYlGPbNx62
— Wu Blockchain (@WuBlockchain) August 17, 2026
Monday also brought a small positive signal from the U.S. Treasury, which sought public comment on the issuance and sale of payment stablecoins under the GENIUS Act.
Volatility Compressed to Historic Lows
Glassnode co-founder Rafael Schultze-Kraft flagged an unusual setup in the options market. He said Bitcoin’s implied volatility had fallen to the 2nd percentile of its entire historical distribution. Glassnode’s “volatility trap” score hit 91 out of 100, its highest level in over three and a half years.
Schultze-Kraft noted that implied volatility still sits roughly 1.5 times above realized volatility, meaning options traders are still paying a considerable premium despite how quiet price action has been. Past periods of similar compression have often been followed by sharp price moves, though the data does not point in either direction.
Key Levels Traders Are Watching
Analyst Michael van de Poppe said the $63,300 level was important. He noted that Bitcoin tested that area and was quickly bought, and that a revisit of that level would signal weakness. He expects Bitcoin to push toward $65,000 if the current recovery holds.
This is what is required for #Bitcoin to trend higher, as it tested that $63,300 area and quickly got bought up.
Great signs.
A revisit of that area would be weakness, and I'm personally not expecting to see lower numbers.
In this aspect, I honestly expect to see that… https://t.co/oxfLPOTG8U pic.twitter.com/wmeN7iUlAx
— Michaël van de Poppe (@CryptoMichNL) August 17, 2026
According to CoinGlass liquidation data, overhead liquidity sits at $64,000 and $64,700. Downside liquidity clusters around $62,700 and $62,200. Bitcoin has traded in the $62,000 to $65,000 range since late July.
Analyst Ted (@TedPillows) on X said the $72,000–$74,000 zone is the key level for Bitcoin’s next big move. He wrote that if Bitcoin reclaims that range, the chances of another drop below $60,000 fall sharply. If it fails to reclaim it, he sees a drop below $58,000 as possible.
$BTC bottom will depend on one level.
$72,000-$74,000.
If Bitcoin reclaims this, the chances of another drop below $60,000 will go low.
If not, BTC will drop below $58,000. https://t.co/RoNEQJNQ2X pic.twitter.com/rvdfRNAgD4
— Ted (@TedPillows) August 17, 2026
Bitcoin was last trading near $64,282 as of Monday evening ET.
