According to CoinMeta, despite facing significant selling pressure from miners and institutions, Bitcoin (BTC) continues to consolidate. Recently, buyers have stepped in to absorb the selling pressure, while other institutions and countries continue to show increasing adoption of this cryptocurrency. The current price of BTC is fluctuating between $62,000 and $66,000, with the latest quote at $64,595. Analyses indicate that the trend of BTC is similar to its bottom in 2022, with a short-term target of $65,000 and an optimistic target of $75,000. Meanwhile, Tudor Investment Corporation increased its holdings of Blackstone's spot Bitcoin ETF in the second quarter, reversing its year-long selling trend. Kazakhstan announced a three-year 0% tax rate policy for individual crypto earnings, and Russia's crypto regulatory framework also encouraged the Moscow Exchange to launch Bitcoin and Ethereum futures trading in September.