Bitcoin (BTC) Price: Whales Are Buying the Dip While BTC Slides Toward $63K

TLDR

• Bitcoin fell over 3% on Tuesday, dropping to around $63,494 — its lowest price since July 17
• A sharp selloff in AI-linked tech stocks, led by South Korea’s KOSPI falling 10%+, dragged crypto lower
• Traders are pricing in a 38% chance of a surprise Fed rate hike this week, with September hike odds above 80%
• Analyst Michaël Van de Poppe flagged BTC holding key moving average support at $64,289 and $63,261
• Whale wallets holding 10–10K BTC added nearly 20,000 BTC in just 8 days, according to Santiment

Bitcoin dropped more than 3% on Tuesday, hitting $63,494 — its lowest level in ten days. The move came as a selloff in AI-linked tech stocks spread across global markets and into crypto.

South Korea’s KOSPI index fell more than 10% as investors sold shares in AI chipmakers. Samsung Electronics and SK Hynix both dropped sharply on concerns about AI infrastructure spending and rising competition from Chinese memory-chip makers.

That pressure carried over into Bitcoin and other cryptocurrencies. Ethereum fell around 4.43%, Solana dropped 4.41%, and XRP was down 4.89% at the same time.

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