Bitcoin Holds Near $65K as Offshore Stablecoin Demand Rebuilds Sharply

TLDR: Bitcoin closed at $64,914 on August 8 as offshore stablecoin liquidity began rebuilding fast.  Stablecoin netflow into Binance surged 218% weekly and over 637% versus its 90-day baseline.  Upbit netflows spiked over 7,500% versus quarterly average, signaling sudden Korean market activity.  Analysts project Bitcoin’s next cycle top between $184,200 and $230,200 under base scenarios.  [...]

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