{"id":37317,"date":"2026-08-14T13:05:57","date_gmt":"2026-08-14T13:05:57","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-slips-below-63k-as-whale-builds-125m-short\/"},"modified":"2026-08-14T13:06:21","modified_gmt":"2026-08-14T13:06:21","slug":"bitcoin-price-slips-below-63k-as-whale-builds-125m-short","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-slips-below-63k-as-whale-builds-125m-short\/","title":{"rendered":"Bitcoin price slips below $63K as whale builds $125M short"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin price has fallen 2% from $63,895 to an intraday low of $62,667 on Aug. 14 as spot selling, a $125 million whale short, and weak derivatives demand pushed the price toward a key support zone.<\/p>\n<div id=\"cn-block-summary-block_4c66a66a7bc853de7044f152d705699e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin price fell below $63,000 and approached its lower daily Bollinger Band at $62,507.<\/li>\n<li>A whale increased a Bitcoin short to 1,900 BTC, worth about $125 million.<\/li>\n<li>The 4-hour Supertrend remains bearish, while the Chaikin Money Flow stands at -0.08.<\/li>\n<li>Liquidation clusters sit near $62,200 below the price and between $64,000 and $64,700 above it.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Bitcoin price action today points to seller control<\/h2>\n<p>According to data from crypto.news, Bitcoin (BTC) price was trading near $62,772 at the time of writing, down 1.13% since the daily open at $63,491. The price had reached a session high of $63,617 before falling as low as $62,700 on Binance.<\/p>\n<p>Measured from an earlier intraday level of $63,895 to the low near $62,667, the decline reached roughly 2%. The move broke the psychological $63,000 level and placed Bitcoin just above the lower daily Bollinger Band at $62,507.<\/p>\n<p>Bitcoin has remained trapped in a relatively narrow range since early July, with buyers repeatedly appearing near $62,000 and sellers limiting rallies between $65,000 and $66,000. The latest decline followed another rejection from the upper part of that range, extending a series of lower highs visible since the July 21 peak near $66,700.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Bitcoin price daily chart \u2014 Aug. 14 | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily Bollinger Band midpoint now stands at $63,992. Trading below that level places the immediate advantage with sellers, while the upper band at $65,476 defines the next major resistance area if buyers recover.<\/p>\n<p>Aroon data also showed a bearish imbalance. The Aroon Down reading stood at 64.29%, compared with an Aroon Up reading of 7.14%, indicating that a recent low carries more weight than any recent high.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">What is driving the Bitcoin decline?<\/h2>\n<p>On-chain analyst Ai Yi reported that a large trader added 258 BTC to an existing short position, lifting the trade to 1,900 BTC with an average entry price of $63,582. The position was worth about $125 million and carried an unrealized profit of approximately $1.79 million at the time of the update.<\/p>\n<p>The short does not prove that one trader caused the entire decline. However, the position added to bearish derivatives exposure while Bitcoin was already losing short-term support. Selling below $63,000 then placed pressure on leveraged buyers whose trades depended on the level holding.<\/p>\n<p>Institutional demand has also weakened. According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\" rel=\"nofollow\">data<\/a> from SoSoValue, U.S. spot Bitcoin exchange-traded funds recorded two consecutive sessions of net withdrawals totaling $192 million. Reduced ETF demand removed one source of buying that could absorb coins sold during volatile sessions.<\/p>\n<p>Strategy added to the cautious mood earlier in the week when it disclosed the sale of 1,690 BTC for nearly $109 million. The company used the proceeds to repurchase preferred stock after going seven weeks without adding Bitcoin to its treasury. The disposal was Strategy\u2019s fourth Bitcoin sale since June.<\/p>\n<p>Outside crypto, higher oil prices and elevated bond yields kept pressure on risk assets. Brent crude traded above $87 as tensions around Iran and the Strait of Hormuz raised concerns about energy supplies, while the 10-year U.S. Treasury yield remained near 4.66%. Higher Treasury yields can reduce demand for assets such as Bitcoin because government debt offers investors a yield without the same level of price volatility.<\/p>\n<p>Softer U.S. wholesale inflation provided limited support. July\u2019s headline Producer Price Index was unchanged, while core PPI increased 0.2%, according to Charles Schwab. Bitcoin still lagged U.S. equities, showing that crypto-specific selling and weak market liquidity outweighed the immediate benefit of the inflation data.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin faces support at $62,200\u2013$62,500<\/h2>\n<p>The 4-hour chart confirmed that short-term momentum remains bearish. Bitcoin traded below the 4-hour Supertrend level at $64,094, which has acted as resistance since the price lost the indicator on Aug. 10.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"954\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/08\/1786712757_148_Bitcoin-price-slips-below-63K-as-whale-builds-125M-short.webp.webp\" alt=\"Bitcoin 4-hour chart shows BTC trading near $62,775 below Supertrend resistance at $64,094, with Chaikin Money Flow at -0.08.\" class=\"wp-image-14478153\"  ><figcaption class=\"wp-element-caption\">Bitcoin price 4-hour chart \u2014 Aug. 14 | Source: crypto.news<\/figcaption><\/figure>\n<p>Chaikin Money Flow stood at -0.08 on the same timeframe. A reading below zero indicates that selling volume has outweighed buying volume over the indicator\u2019s 20-period window, supporting the weakness shown by the price.<\/p>\n<p>Immediate support sits between $62,500 and $62,700, combining the daily lower Bollinger Band with the latest intraday low. A close below that region would place $62,200\u2013$62,300 in focus, followed by the round-number support at $62,000.<\/p>\n<p>The one-week CoinGlass liquidation heatmap showed a concentration of leveraged positions around $62,200. A fall into that area could trigger another group of long liquidations, although the same liquidity zone may attract buyers after leveraged positions are cleared.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"4080\" height=\"2409\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/08\/1786712757_8_Bitcoin-price-slips-below-63K-as-whale-builds-125M-short.webp.webp\" alt=\"Bitcoin one-week liquidation heatmap shows BTC near $62,700, with liquidity clusters around $62,200 below and $64,000\u2013$64,700 above.\" class=\"wp-image-14478154\"  ><figcaption class=\"wp-element-caption\">Bitcoin liquidation heatmap | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationHeatMap?coin=BTC&amp;type=symbol\" target=\"_blank\" rel=\"nofollow\">CoinGlass<\/a><\/figcaption><\/figure>\n<p>Below $62,000, the next visible liquidity bands appear near $61,500 and $60,300. The lower level also sits close to the bottom of the wider range that formed after Bitcoin\u2019s sharp decline in early June.<\/p>\n<p>For a recovery, Bitcoin must first reclaim $63,500\u2013$64,100. The range includes the whale\u2019s average short entry, the daily Bollinger midpoint, and the 4-hour Supertrend resistance.<\/p>\n<p>A sustained break above $64,100 could expose short positions and pull the price toward liquidation clusters at $64,500\u2013$64,700. Additional liquidity appears near $65,700\u2013$66,000, close to the upper daily Bollinger Band and several previous August highs.<\/p>\n<h2 class=\"wp-block-heading\">Analysts see $61,500 if the trendline fails<\/h2>\n<p>Crypto analyst Gerla <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoGerla\/status\/2088167896178393322\" target=\"_blank\" rel=\"nofollow\">said<\/a> Bitcoin remained compressed inside a multi-week triangle formed by lower highs and a rising support line. According to the analyst, recovering $63,500\u2013$64,000 would bring $65,000 back into play, while losing the lower trendline could send the price toward $61,500.<\/p>\n<p>Gerla leaned toward a downside break because the trading range was tightening while volume declined. Lower volume near the apex of a triangle often precedes a larger move, but the pattern does not determine which side will break first.<\/p>\n<p>Analyst Lennaert Snyder separately said Bitcoin had broken below a $63,900 momentum level and was testing the previous day\u2019s low around $62,800. Snyder identified the prior weekly low near $62,300 as the next downside target if $62,800 fails.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> shows bearish momentum this Friday.<\/p>\n<p>Given that DXY is weak, and Bitcoin is dumping too, tells a lot about the current weakness.<\/p>\n<p>We broke below the 63.9K momentum line, and stabbing the 62.8K PDL could complement that.<\/p>\n<p>I didn&#8217;t get my long trigger at 63K, and I&#8217;m not eager\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/ecuD14biBi\">pic.twitter.com\/ecuD14biBi<\/a><\/p>\n<p>\u2014 Lennaert Snyder (@LennaertSnyder) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/LennaertSnyder\/status\/2088175533532082422?ref_src=twsrc%5Etfw\">August 14, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Snyder also noted that the U.S. Dollar Index was weak while Bitcoin continued to fall. Because a weaker dollar can normally support dollar-denominated risk assets, Bitcoin\u2019s inability to benefit indicated weak demand within the crypto market, according to the analyst.<\/p>\n<p>Weekend trading adds another risk in both directions. Thinner order books can make Bitcoin more sensitive to large trades, potentially allowing a move through $62,200 or $64,100 to travel quickly toward the next liquidation cluster.<\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price has fallen 2% from $63,895 to an intraday low of $62,667 on Aug. 14 as spot selling, a $125 million whale short, and weak derivatives demand pushed the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":34847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-37317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/37317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=37317"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/37317\/revisions"}],"predecessor-version":[{"id":37318,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/37317\/revisions\/37318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/34847"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=37317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=37317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=37317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}