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Bitcoin dips to $63,400 as ETF inflows outpace new bitcoin issuance, but selling pressure limits gains.

Market News
11 Aug 2026
Bitcoin
View Source
Neutral
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Bitcoin fell 0.7% to around $63,400 after a brief rally to $64,400 failed, triggered by Strategy selling 1,690 BTC to fund stock repurchases. Despite $854 million inflows into spot bitcoin ETFs, which absorbed more bitcoins than newly issued, selling pressure and large overhead supply between $62,000 and $65,000 kept bitcoin range-bound. Analysts expect bitcoin to stay within this range until ETF demand consistently exceeds selling and inflation data eases long-term yields.

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