Liquidity and Selling Pressure on the Bitcoin Price

Cryptocurrency News

5 min read time

|Updated: 2026-08-11

Liquidity and Selling Pressure on the Bitcoin Price

As of August 11, the cryptocurrency market is focused on Bitcoin’s attempt to stabilize around $64,000, while macro liquidity expectations, institutional balance sheet activity, and on-chain discussions remain at the center of attention. Japan’s plans to access U.S. dollar liquidity, Strategy’s Bitcoin sale, and the limited support for the BIP-110 initiative have highlighted a selective and fragmented outlook across different layers of the market.

Market Perspective: Liquidity Expectations Meet Balance-Sheet Discipline

The central market theme is the contrast between potential future dollar liquidity and the more disciplined use of capital taking place today. Japan’s planned use of the Federal Reserve’s FIMA repo facility could eventually support liquidity-sensitive assets, but the current narrative is based on expectations rather than a confirmed large-scale liquidity injection.

At the same time, Strategy’s Bitcoin sale and daily outflows from US spot crypto ETFs show that near-term capital movement remains selective. The July US Consumer Price Index, scheduled for August 12, is the next major macro checkpoint and could influence rate expectations as well as Bitcoin’s short-term search for direction.

ETF Flows: Daily Outflows Follow a Strong Week

US spot Bitcoin ETFs recorded $144.6 million in net outflows on August 10, while spot Ethereum ETFs posted $14.6 million in net outflows. The combined daily total was approximately $159.2 million.

The single negative session has not erased the previous week’s demand. Across the six trading sessions from August 3 through August 10, combined Bitcoin and Ethereum ETF flows remained positive by approximately $949.8 million. The latest move may therefore reflect short-term repositioning ahead of macro data rather than a confirmed reversal in institutional demand.

Japan’s FIMA Plan Brings Dollar Liquidity Back into Focus

Japan’s Ministry of Finance confirmed that it purchased yen in coordination with the US Treasury on July 31 to counter excessive volatility and disorderly currency-market movements. Japan also stated that it plans to use the Federal Reserve’s FIMA repo facility in the future.

The facility allows approved foreign official institutions to obtain temporary dollar funding by pledging US Treasury securities rather than selling them outright. The current official framework provides overnight funding subject to a daily limit of $60 billion per counterparty.

Arthur Hayes argues that substantially higher usage or an expanded limit could increase the Federal Reserve’s balance sheet and create a more supportive liquidity environment for Bitcoin. That remains a conditional thesis: no large-scale expansion has been formally announced, and the eventual market effect would depend on the size and duration of actual facility usage.

Strategy Turns Part of Its Bitcoin Reserve into a Balance-Sheet Tool

Strategy sold 1,690 BTC for $108.6 million between August 3 and August 9, at an average price of $64,262 per bitcoin. The net proceeds were used to repurchase 1,152,020 shares of STRC preferred stock. The company retained 840,447 BTC as of August 9.

Separately, Strategy directed $650 million from common-stock issuance into its US dollar reserve, lifting that reserve to $4.65 billion. The transactions show that the company’s Bitcoin holdings are increasingly being managed as an active balance-sheet resource connected to liquidity reserves, preferred-stock obligations and securities repurchases.

The average sale price was below the $75,385 aggregate purchase price reported for the company’s total Bitcoin holdings. However, the filing does not disclose the specific cost basis of the 1,690 BTC sold, meaning the realized profit or loss on that particular transaction cannot be determined from the aggregate figures alone.

BIP-110 Branch Stalls After Two Blocks

BIP-110 proposed temporary limits on certain data fields in Bitcoin transactions. Its stated objective was to reduce arbitrary data storage on-chain and limit the long-term resource burden placed on node operators.

The proposal attracted only around 2.53% signaling support against its 55% activation target. The minority branch enforcing the new rules produced blocks 961,632 and 961,633 before stalling, while Bitcoin’s dominant chain continued to advance.

Some supporters are now discussing a separate network with a different proof-of-work algorithm that would not be compatible with existing Bitcoin mining hardware. September 1 has been mentioned as a possible target, but there is no confirmed launch with broad miner or economic support. The development is therefore better understood as a proposed independent network rather than a material split in the established Bitcoin economy.

CoinTR Insight

Today’s stories represent three different categories of market information. The FIMA narrative is a conditional macro thesis, Strategy’s sale is a verified corporate capital flow, and BIP-110 is a governance event whose adoption can be measured through signaling and hash support. Treating commentary, completed transactions and technical adoption as separate signals provides a clearer picture of market risk.

When news-driven volatility accelerates, liquidity and level management may matter more than speed. CoinTR’s deep liquidity and established USDT/TRY trading flow can help users remain flexible and approach sharp market movements through more gradual execution.

Forward-Looking Takeaway

Macro data and ETF demand: The market will watch whether Bitcoin and Ethereum ETF flows recover after the August 12 US inflation release. Multiple consecutive outflow sessions would weaken the positive signal created during the previous week.
Actual FIMA usage: Official facility activity, any change to the current $60 billion counterparty limit and movements in the Federal Reserve’s balance-sheet data will matter more than speculative liquidity forecasts.
Strategy’s next filing: Future disclosures will show whether the company continues selling Bitcoin to manage its capital structure or returns to net accumulation.
Post-BIP-110 developments: A functioning software release, independent mining participation and measurable hash support will be required before the proposed September 1 network can be treated as more than a limited community initiative.

2026-08-11

Legal Notice

The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.

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