According to CoinMeta, the price of Bitcoin has fallen below $63,000, with the current trading price at around $62,772, a decrease of 1.13% from the daily opening price of $63,491. On August 14th, the price of Bitcoin dropped from $63,895 to $62,667, a decline of about 2%. During this period, whales established short positions worth $125 million. Weak market demand, coupled with spot selling, led to the price moving towards key support levels. According to Aroon data, the current market exhibits a bearish imbalance, with the Aroon bearish indicator at 64.29%.