Bitcoin Price Today: BTC Slips Below $64,000 to $63,921 as Strategy Sells 1,690 BTC for $108.6 Million

Bitcoin slipped below the $64,000 mark on August 11, 2026, trading near $63,921 as investors weighed fresh selling pressure and wider market risks. The move came after Strategy sold 1,690 BTC for $108.6 million between August 3 and August 9. The sale adds another development for one of the world’s largest corporate Bitcoin holders. With BTC struggling to regain recent levels, traders are watching whether further selling could push the price lower.

Bitcoin Price Today: BTC Falls Below $64,000

BTC Price at $63,921 Raises Key Support Question

Bitcoin traded around $63,921 on August 11, 2026, moving below the closely watched $64,000 level. The decline came after news of another Bitcoin sale by Strategy. Traders are now watching the low-$63,000 area to see whether buyers can hold that level and push BTC back above $64,000.

Strategy just realized more than $102 MILLION in losses selling Bitcoin.

The company sold 1,690 BTC for $108.6M last week.

And this comes after Strategy went seven consecutive weeks without buying Bitcoin.

Saylor spent years telling the market Strategy would never be a net… pic.twitter.com/4Tu9Jb7waZ

— That Martini Guy ₿ (@MartiniGuyYT) August 11, 2026

Why Is Bitcoin Under Pressure?

Strategy sold 1,690 BTC for $108.6 million between August 3 and August 9. Bitcoin is also facing wider risk-off pressure across financial markets. Large-holder activity, macro conditions, and shifts in market sentiment can all lead to sharp moves in BTC. Strategy’s sale has added to the pressure, but it is not the only factor behind the decline.

Strategy Sells 1,690 BTC for $108.6 Million

Fourth Straight Week of Bitcoin Sales

Strategy sold 1,690 BTC at an average price of about $64,262 during the week ended August 9. This was the company’s fourth straight week of Bitcoin sales. Across those four weeks, Strategy sold 6,916 BTC worth $429.4 million. The repeated sales are notable given the company’s long-running strategy of building a large Bitcoin position.

Where the Sale Proceeds are Going?

The latest sale is part of Strategy’s wider capital-management plan. The company used the proceeds to support STRC preferred-share repurchases. It also raised $653.1 million through MSTR share sales, which helped lift its USD reserve to about $4.65 billion. Strategy is using several sources of capital to manage its preferred securities and maintain liquidity.

What Strategy’s Bitcoin Selling Means for BTC?

Strategy’s sales draw attention because of the size of its Bitcoin holdings. As of May 25, 2026, the company reported 843,738 BTC in its holdings. Its disclosures also said it could use disciplined Bitcoin sales as part of its capital-allocation strategy.

The latest sale does not automatically mean Strategy expects Bitcoin prices to fall. The company is selling BTC while raising capital and managing its preferred shares. The frequency of those sales is what traders are watching more closely.

If weekly disposals continue, investors could view them as an additional source of supply. Still, 1,690 BTC is relatively small compared with the overall Bitcoin market. The bigger signal will come from whether Strategy keeps selling and whether institutional demand can absorb that supply.

Bitcoin Technical Outlook: Can BTC Reclaim $64,000?

Key Levels Traders Should Watch

The $64,000 level is the first recovery area to watch. A sustained move above it could improve short-term momentum. Below the current price, the $63,000 area becomes important. If BTC falls further, traders may look towards the wider $60,000-$63,000 support zone that drew attention during Bitcoin’s July volatility.

Bitcoin Forecast and Market Sentiment

Meyka’s Bitcoin research points to ETF flows, liquidity, macroeconomic conditions, and institutional demand as major factors behind price moves. Its earlier technical analysis placed support around $60,000-$63,000 and resistance near $68,000-$70,000. BTC is now trading close to that support area. Traders may want to see stronger buying before treating the latest decline as a new trend.

What Investors Should Watch Next?

Investors should keep an eye on several signals:

• Whether BTC can reclaim and hold $64,000.
• Any further Bitcoin sales from Strategy.
• Spot Bitcoin ETF flows and institutional demand.
• Changes in Strategy’s USD reserve and BTC holdings.
• US interest-rate expectations and broader risk appetite.

Meyka’s AI stock analysis tool can also help investors track technical momentum, sentiment, and changing market signals.

Conclusion

Bitcoin’s move below $64,000 has put fresh attention on corporate selling and weak market sentiment. Strategy’s 1,690-BTC sale adds another source of supply, while also fitting into the company’s wider capital strategy. For traders, $64,000 remains the first recovery level, while the low-$63,000 area needs to hold. Further Strategy sales, ETF flows, and macro signals could shape Bitcoin’s next move.

Disclaimer:

The content shared by Meyka AI PTY LTD is for research and informational purposes only. Meyka is not a financial advisory service, and the information provided should not be treated as investment or trading advice.