Bitcoin is currently facing intense selling pressure from large investors on Binance, which has stalled its attempt to break the critical $65K resistance level.

Between August 6 and August 11, the Binance Whale Ratio surged from 0.44 to 0.50, directly correlating with a price drop to approximately $63.3K and leaving $BTC trapped in a highly volatile mid range zone.

If this sell pressure continues we could see a retracement further toward monthly open or the $61K support level