Crypto News1 MIN READ
CRYPTOBEARISH
BTC Hits $64,360, but Bitfinex Warns of Downside Risks
FG
FOMOGRAM Editorial Desk
Aug 4, 2026
EXECUTIVE SUMMARY
Bitcoin gained 0.8% to hit a session high of $64,360, triggering a short squeeze that wiped out $35M in shorts. Bitfinex warns that a break below $63,000 could trigger further downside.
Bitcoin gained 0.8% to hit a session high of $64,360, triggering a short squeeze that wiped out $35M in shorts. Bitfinex warns that a break below $63,000 could trigger further downside.
FOMOGRAM SENTINEL GRAVITY TELEMETRY
Bitcoin’s price action, coupled with a short squeeze and Bitfinex downside risk warnings, introduces immediate caution if support is breached.
BTC OVERALL MARKET INDEX: 40 / 100 (BEARISH)
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