Bitcoin was holding steady near $65,000 as of Aug. 10, with Glassnode saying demand for market buys was strengthening and institutional inflows remained solid. The on-chain analytics firm also pointed to easing demand for downside hedges as a constructive near-term signal. Even so, it said low spot-market liquidity and weak on-chain activity suggest the rebound should be treated cautiously rather than as confirmation of a full recovery.