$BTC Consolidates Near $63,000 as Weekend Trading Remains Quiet**
Bitcoin is trading in a narrow range around $62,900 on August 16 as weekend liquidity remains thin and the market continues digesting this week's post-CPI pullback . The leading cryptocurrency is down approximately 2.85% over the past seven days, with spot Bitcoin ETFs recording their first back-to-back outflow sessions since late July . Trading volume has dropped notably to around $8.37 billion, reflecting the typical weekend slowdown, and analysts suggest today's price action is more about consolidation than establishing a clear directional trend .
Bitcoin is trading in a narrow range around $62,900 on August 16 as weekend liquidity remains thin and the market continues digesting this week's post-CPI pullback . The leading cryptocurrency is down approximately 2.85% over the past seven days, with spot Bitcoin ETFs recording their first back-to-back outflow sessions since late July . Trading volume has dropped notably to around $8.37 billion, reflecting the typical weekend slowdown, and analysts suggest today's price action is more about consolidation than establishing a clear directional trend .
