Bitcoin range-bound near $63K as corporate selling cools sentiment amid supply and scarcity updates

Bitcoin was largely range-bound around the $63,000 area in mid-August as selling pressure from corporate treasuries emerged, while fund flows shifted and demand appeared uneven. One report said Bitcoin traded near $62,991 on Aug. 14, about 50% below its October 2025 record close, and noted that “Strategy” sold 3,328 BTC over two weeks for about $213.3 million to fund dividends and buybacks. It also cited inflows to U.S. spot bitcoin ETFs totaling $865.3 million between Aug. 3 and Aug. 7, followed by outflows of $329.0 million over the next four sessions, and said stablecoin supply hit a record $383.8 billion, up 22.7% year over year ^[1].

On-chain and supply-related commentary highlighted continued progress toward the 21 million BTC maximum, alongside renewed scarcity arguments. Another source reported Bitcoin supply crossing 20.07 million BTC, putting roughly 95.57% of the protocol maximum into theoretical circulation, while noting that apparent demand improved since early June but remained in negative territory. Separately, Binance founder CZ said Bitcoin could be effectively scarcer than the headline 21 million figure, pointing to the idea that some coins may be permanently inaccessible due to lost private keys, forgotten wallets, or discarded storage devices ^{[2] [3]}.

Separate market commentary also suggested traders may be watching for a major low after recent price action, but the primary developments cited in the coverage focused on corporate selling, ETF flow swings, stablecoin growth, and evolving scarcity narratives around BTC supply ^{[1] [4]}.