{"id":76680,"date":"2026-08-11T19:45:05","date_gmt":"2026-08-11T19:45:05","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-stalls-at-63400-as-etfs-outpace-network-issuance\/"},"modified":"2026-08-11T19:45:05","modified_gmt":"2026-08-11T19:45:05","slug":"bitcoin-stalls-at-63400-as-etfs-outpace-network-issuance","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-stalls-at-63400-as-etfs-outpace-network-issuance\/","title":{"rendered":"Bitcoin Stalls at $63,400 as ETFs Outpace Network Issuance"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin dropped 0.7% to $63,394 on Aug. 11 after Strategy sold 1,690 BTC to fund stock repurchases.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Coinglass reported $34.4 million in long liquidations as hundreds of millions of dollars flowed into spot bitcoin ETFs.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitfinex sees bitcoin bound between $62,000 and $65,000 due to 1.79 million BTC in overhead supply.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Volatility and Liquidation Trends<\/h2>\n<p>Bitcoin remained under pressure Tuesday, more than 24 hours after <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/strategy-sells-1690-bitcoin-as-saylor-reloads-its-cash-war-chest\/\">the revelation that Strategy sold 1,690 bitcoins<\/a> to fund the repurchase of its preferred stock, which sent the cryptocurrency tumbling. While bitcoin initially appeared to have strong support just below $64,000, market data show it lost momentum after breaching that level.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>This trend continued from Monday night until shortly before 4 a.m. EST on Aug. 11, when a rally pushed prices past $64,400 around 8:15 a.m. However, the rally was short-lived, as the cryptocurrency shed more than $1,000 over the next three hours, plummeting to an intraday low of $63,394. As of 2:30 p.m. EST, bitcoin was trading just above $63,400, down 0.7% over 24 hours.<\/p>\n<p>The cryptocurrency\u2019s price action over the past 24 hours once again saw the value of liquidated long bets outpace short liquidations. Coinglass data show that out of $39 million liquidated across the market, long positions totaled $34.4 million, while short positions accounted for just under $5 million.<\/p>\n<p>While corporate selling and a massive $5 billion liquidation authorization from Strategy weighed on bitcoin, the impact appeared partially offset by $854 million in weekly inflows into spot bitcoin exchange-traded funds (ETFs). According to analysts at Bitfinex in their <a href=\"https:\/\/blog.bitfinex.com\/bitfinex-alpha\/etfs-buy-treasuries-sell-the-range-holds\/\" target=\"_blank\" rel=\"noopener noreferrer\">latest Bitfinex Alpha report<\/a>, those inflows represent the absorption of approximately 13,300 bitcoins \u2014 more than four times the roughly 3,150 bitcoins the network issued over the same period.<\/p>\n<p>Bitfinex analysts highlighted that the pivot from peak capital exodus in June, when ETFs shed nearly 65,800 bitcoins, to strong demand within six weeks represents the most notable trend shift in spot flows this year. Led by heavy accumulation in Blackrock\u2019s IBIT and Fidelity\u2019s FBTC, <a href=\"https:\/\/news.bitcoin.com\/bitcoin-etf\/bitcoin-etfs-post-best-week-since-april-with-854-million-inflow\/\">ETF demand has reemerged<\/a> alongside broader macroeconomic support, including lower oil prices and cooling U.S. labor market data that reduced expectations for a September interest rate hike.<\/p>\n<p>However, Bitfinex warned that a sustained breakout remains <a href=\"https:\/\/news.bitcoin.com\/featured\/bitcoin-takes-10-bearish-blows-in-2026-yet-faces-its-mildest-bear-market\/\">constrained by significant overhead supply<\/a>. An estimated 1.79 million bitcoins sit on-chain at an average cost basis between $62,000 and $65,000. Coupled with persistent corporate treasury liquidations and high long-term Treasury yields, analysts expect bitcoin to remain bound within its current trading range until ETF inflows consistently outpace selling pressure and softer inflation data lower long-term yields.<\/p>\n<div class=\"not-prose my-3 lg:my-4\"><a aria-label=\"Read Now: Bitcoin Drops Below $64,000 as Strategy Sells 1,690 BTC\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 flex flex-col md:hidden\" href=\"https:\/\/news.bitcoin.com\/bitcoin-drops-below-64000-as-strategy-sells-1690-btc\/\"><\/p>\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">Bitcoin Drops Below $64,000 as Strategy Sells 1,690 BTC<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">Bitcoin fell below $64,000 on Aug. 10 after briefly reaching an intraday high of $65,416. The sudden price drop erased\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Bitcoin Drops Below $64,000 as Strategy Sells 1,690 BTC\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden md:flex md:flex-row md:gap-3 lg:hidden\" href=\"https:\/\/news.bitcoin.com\/bitcoin-drops-below-64000-as-strategy-sells-1690-btc\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Drops Below $64,000 as Strategy Sells 1,690 BTC\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">Bitcoin Drops Below $64,000 as Strategy Sells 1,690 BTC<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">Bitcoin fell below $64,000 on Aug. 10 after briefly reaching an intraday high of $65,416. The sudden price drop erased\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Bitcoin Drops Below $64,000 as Strategy Sells 1,690 BTC\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden lg:flex lg:flex-row lg:gap-4\" href=\"https:\/\/news.bitcoin.com\/bitcoin-drops-below-64000-as-strategy-sells-1690-btc\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Drops Below $64,000 as Strategy Sells 1,690 BTC\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-drops-below-64000-as-strategy-sells-1690-btc-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p><h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">Bitcoin Drops Below $64,000 as Strategy Sells 1,690 BTC<\/h3>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-12 w-[180px] shrink-0\">Read Now<\/span><\/p>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Bitcoin fell below $64,000 on Aug. 10 after briefly reaching an intraday high of $65,416. The sudden price drop erased\u2026<\/p>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-stalls-at-63400-as-etfs-outpace-network-issuance\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin dropped 0.7% to $63,394 on Aug. 11 after Strategy sold 1,690 BTC to fund stock repurchases. Coinglass reported $34.4 million in long liquidations as hundreds of millions of dollars flowed into spot bitcoin ETFs. Bitfinex sees bitcoin bound between $62,000 and $65,000 due to 1.79 [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":76681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76680"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76680"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76681"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}