BTC fell 0.28% in 15 minutes amid concentrated selling pressure and continued sideways consolidation.

From 22:15 to 22:30 (UTC) on August 9, 2026, BTC fell 0.28% over the 15-minute period, trading in a range of 65,217.3–65,442.3 USDT, with an amplitude of 0.34%. The market remained in a narrow range near $65,200, with intraday fluctuations of only about 1.15%, indicating an overall sideways consolidation pattern.

The main driver of the short-term decline was the significant dominance of sell orders in the order book. Depth data showed a buy-to-sell depth ratio of just 0.23, with total sell orders of 0.4075 BTC far exceeding total buy orders of 0.0937 BTC. Large sell walls were concentrated near $65,238.6, and the depth imbalance indicated clear overhead resistance.

Meanwhile, spot Bitcoin ETFs continued to record strong inflows, with a single-day net inflow of $853 million led by BlackRock’s IBIT, providing medium-term support for BTC. In terms of geopolitical risks, the intensifying U.S.–Iran conflict and ongoing tensions in the Strait of Hormuz continued to bolster safe-haven sentiment, indirectly supporting BTC. The Fed kept interest rates unchanged, but the market expects a rate hike in September, leaving the macroeconomic outlook mixed.

As for risk factors, the current market remains extremely trendless and range-bound, with a daily ADX of just 8.6 and mixed bullish and bearish technical signals on the 15-minute and 1-hour timeframes. Attention should be paid to the sustainability of ETF inflows, the performance of the $65,500 resistance level, and developments in the U.S.–Iran situation. Short-term volatility risks remain, so subsequent changes in trading volume and the realization of macroeconomic events should be monitored.