Bitcoin slides over 27% YTD as sales pressure mounts, US whale buying hints at short‑term rebound

Bitcoin has lost more than 27% of its value since the start of the year, trading around $63,400‑$64,000 in mid‑July. Fidelity macro‑economics chief Jurrien Timmer says the cryptocurrency is still above its support zone near $58,000 and may remain range‑bound for months. Strategy Investment has sold 3,588 BTC – about $216 million – the largest off‑load since 2022, citing cash needs for credit‑linked securities, which has heightened market pressure. Meanwhile, data from CryptoQuant and TradingView show renewed buying from large U.S. investors (“whales”), with the Coinbase Premium index turning positive and ETF inflows marking eight consecutive weeks of net purchases. Analysts note that if Bitcoin breaks the $65,000 barrier, it could retest $67,000, but the market remains sensitive to short‑term price swings.