Bitcoin falls below $64K as bearish pressure intensifies
Published On 11 Aug, 2026
Despite the current correction, contrasting on-chain signals shows that while retail traders are de-rising the market, whales continue their accumulate on this dip.
What’s driving the Bitcoin slump today?
In a nutshell, it was an attack on a stubborn resistance at $65,000 which subsequently resulted into cascading long liquidations ahead of the US inflation report due and surging oil prices. Why BTC is Down 4%: Below $64K Reached As $65K Rejected 1. Rejection at the $65,000-65,500 Resistance Overhead.
A critical hurdle continues to stand against Bitcoin – the $65,000 to $65,500 range, which the bulls previously intended to use as a support area.
As BTC’s price made it up to $65,300, massive sell wall orders absorbed the bulls’ pressure, preventing them from breaking through. Unfortunately, the failure of Bitcoin bulls to claim $65,000 turned automatic sells on the table, prompting immediate liquidations by some shorts.
2. Pre-CPI Caution Keeps Markets Defensive.
Ahead of the scheduled US Consumer Price Index (CPI) report tomorrow, traders have opted to reduce their exposure, including both in stock and cryptocurrency markets. Typically, a higher inflation reading than expected may lead to higher U.S. Treasury rates and an increase in the US Dollar Index (DXY).
Given their correlations, both usually reflect unfavorable conditions for riskier assets like cryptocurrencies.
3. Escalating Energy Prices and Geopolitical Risks.
As tensions in the Middle East escalate in areas including the Strait of Hormuz, the prices of crude oil continue to increase, posing inflation concerns. This rise in energy cost naturally leads to a wider inflationary threat, making rate cut hopes less probable from Federal Reserve officials who are worried about inflation control. Such environment usually encourages institutional money managers to curb their exposure to cryptocurrencies.
