# Can Bitcoin Hold the $63K Level Amid Whale Selling? Bitcoin price faces critical resistance as whales continue to sell. - **Source:** [News - Cryptonews](https://brifing.si/source/42333b6f-1c05-4a49-9914-7553e71d2223) - **Published:** 2026-08-13 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/f2d56f86-4154-4f82-b83a-e6a604ad4adc ## Current Bitcoin Price Situation Bitcoin is trading at $63,500 today, down 0.6%. The cryptocurrency continues to struggle to break above the $65,000 resistance level that has capped all rally attempts this month. Analysts note that the price could test the support level between $62,000-$62,500. Volatility remains at record lows as the market awaits the next macro catalyst. ## Whales Continue Selling On-chain data shows a Paxos-linked wallet sold another 800 BTC (approximately $50.72 million) via Wintermute. This whale has sold a total of 2,500 BTC ($154 million) over the past two months. Such consistent selling pressure from large investors is preventing price appreciation. However, reports indicate the whale hasn't fully exited its position yet. ## Analyst Perspectives Analyst Ted Pillows highlighted that BTC failed to hold above $65,000 even as stocks and metals rallied, signaling weakening momentum. Pillows identified the $60,500-$61,000 range as the next potential test zone. ETF outflows are also emerging as a factor reducing buying demand in the market. ## Overall Market Sentiment Bitcoin has been range-bound between $62,000-$66,000 since the July CPI data. Traders remain hesitant to take positions ahead of the next macroeconomic catalyst. According to CoinLore data, immediate support stands at $62,238, with resistance at $65,059. The 24-hour expected range of $62,388-$64,832 reflects the extremely low volatility traders keep noting. ## Potential Scenarios Bull case: A break above $65,059 could flip market psychology and open a path toward the low $70,000s. Base case: BTC continues chopping within the current range as whale supply gets absorbed. Bear case: A breakdown below $62,238 support would confirm Pillows' thesis and potentially send prices toward the $60,500-$61,000 zone that option markets are already pricing in. ## Investor Behavior Shifts The market's prolonged consolidation isn't inspiring confidence among investors. Persistent whale selling adds to the negative sentiment. With limited near-term upside potential in BTC's range-bound environment, some capital is flowing toward earlier-stage projects where adoption potential isn't fully priced in yet. One such project is LiquidChain, which merges liquidity from Bitcoin, Ethereum, and Solana ecosystems. ## What LiquidChain Offers The Layer 3 infrastructure project LiquidChain combines liquidity from three major ecosystems into a single execution environment. The presale has raised $938,525.41 at a current token price of $0.01489. Its Unified Liquidity Layer and Deploy-Once Architecture enable developers to access liquidity pools across all ecosystems without redeploying contracts per chain, representing genuine technical innovation rather than just marketing hype. ## Key Market Takeaways Bitcoin's tight range and persistent whale selling have created cautious market conditions. As investors focus on the next CPI print and Fed rate cut clues, monitoring range boundaries is advised for directional clues. Meanwhile, some investors' shift toward innovative liquidity solutions like LiquidChain demonstrates ongoing diversification within the crypto market despite BTC's consolidation. ## Sources covering this story - https://cryptonews.com/news/bitcoin-price-prediction-62/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._