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Bitcoin holds $63K support amid $226M whale shorts, eyeing $65K breakout or breakdown.

Technical Signals
13 Aug 2026
AMBCrypto
View Source
Neutral
Bitcoin holds $63K support amid $226M whale shorts, eyeing $65K breakout or breakdown.

Bitcoin's price stabilized between $63,000 support and $65,000 resistance as two whales placed nearly $226 million in short bets, adding selling pressure. Despite this, broader market data showed more buying than selling in derivatives, suggesting mixed trader sentiment. The key technical resistance near $65,000 remains a barrier, with a break above potentially triggering short covering and price gains. A drop below $63,000 could favor the bearish whale positions and lead to further declines.

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