$BTC - Market Update (8/13)BTCUSDT Perpetual ContractBYBIT:BTCUSDT.PTealstreetPrice has now tagged 63k, putting us at a critical level. Structurally, this remains a valid swing point retest as long as 62.5k holds, but I wouldn’t want price to spend more time here. Ideally, we wanna see 64k get reclaimed here. Bitcoin remains trapped between structural spot selling and aggressive perp buying. Coinbase spot continues to lead the selling (-909 BTC), while Bybit perps have absorbed much of the flow (+835 BTC). The market remains capped by overhead supply at 64.5k (851 BTC), with primary support at 62.5k (1,873 BTC) 61.3k looks juicy, but candles are creeping with tight acceptance here, which makes me think the market may defend the 62.5k-62k zone one more time and frontrun 61.3k