Bitcoin fell back below $64,000 on Tuesday after another failed attempt to hold above $65,000, leaving the asset down more than 1.6% over 24 hours. At the same time, on-chain data from Santiment showed 90 wallets holding at least 10,000 BTC, the highest level in six months and up by six wallets, or 7%, over the past eight weeks. Smaller holders were losing share in August, which Santiment linked to retail FUD (fear, uncertainty and doubt) after the Coldcard hacks and delays around the CLARITY Act. The firm said supply appears to be shifting toward stronger hands ahead of the next major market swing, a pattern it said usually improves the odds of a bullish move. Technical focus has turned to $65,400, a level analyst Doctor Profit said remains critical after several failed breakout attempts. Several weekly closes above that mark, rather than a single move through it, would be needed to strengthen the breakout case. If that happens, the next resistance zones are around $77,000 to $78,000 and $83,000, while another rejection could bring $61,500 and then $54,000 back into view. Broader demand signals were mixed. US spot Bitcoin ETFs recorded $144.67 million in net outflows on Monday, their first negative session in August after a five-day inflow streak. BlackRock’s IBIT led the withdrawals with $53.5 million, followed by more than $52 million from Grayscale’s GBTC and over $40 million from Fidelity’s ETF. The world’s largest corporate Bitcoin holder also kept reducing exposure, selling 1,690 BTC for $108.6 million, repurchasing 1.15 million STRC preferred shares, and raising a little more than $653 million by selling 6.59 million MSTR shares. Its cash reserve rose above $4.6 billion, while its Bitcoin holdings declined to 840,447 BTC, acquired for $63.36 billion at an average price of $75,385.