Data compiled by Woofun AI shows Bitcoin stabilized above the $59,200 support level after repeated tests, closing the week at $65,655 with a 3.54% gain. This upward movement stems primarily from the exhaustion of selling pressure rather than fresh demand, evidenced by a significant retreat in futures open interest from May peaks.

Concurrently, exchange balances have declined to a seven-year low, indicating a market-wide deleveraging phase. Short-term holders continue to face floating losses of 17% to 19%, creating substantial overhead resistance near $68,000. With support anchored around the cycle realization price of $54,000, the market structure reflects paused selling pressure without confirmed buying interest.