TLDR: Bitcoin starts today around $84,000, up ~30% (~$64,700) since our August 7 update (read update here) and fresh off an eight-month high, it opened the week near $85,000 and touched $87,000 on Wednesday before a hot US PMI sent Treasury yields above 5% and knocked it back under $84K, liquidating ~$510Macross the market in 24 hours (almost all longs). Crucially, the ETF bid didn't flinch: five straight inflow sessions totaling $2.65B, the best run since October 2025. And Bitwise's first institutional adoption report shows none of 15 major allocators cut crypto exposure during the ~50% drawdown, several added instead. The early-August "maximum pessimism" entry has played out; the opponent now is the bond market, not morale.

TLDR: Bitcoin is trading around $64,700–$65,000, roughly 48% below its all-time high of ~$126,200 (Oct 2025) and down ~45% year-over-year. The dominant news flow is the Coldcard hardware wallet exploit, with an attacker sweeping ~1,816 BTC (~$114M) from 5,200+ addresses since July 30 due to a firmware flaw dating to 2021. Sentiment is at rock bottom, Fear & Greed sits in "Extreme Fear" (~24) with persistent ETF outflows. Contrarian logic says moments of maximum pessimism like this are historically when the best long-term entries appear, but it's a principle, not a guarantee, and it's not financial advice.

Bitcoin broke $64k on softer U.S. inflation data, though core inflation and oil price hikes remain concerns. Markets expect Fed rates to hold steady ahead of the July meeting, with Fed Chair Kevin Warsh’s testimony closely watched. The rally triggered $105 M in short liquidations and drew $173 M net inflows into spot Bitcoin ETFs.

Bitcoin’s $61.5k Support Cracked: Why the Bear Cycle May Deepen

#BTC #Macro #Bitcoin

TLDR: April’s rally gave Bitcoin its best month in a year, and early‑May it crossed $80 k, clearing a key supply wall and reclaiming the “true market mean.” The surge is driven by strong spot buying (ETF inflows and open‑market accumulation), not leverage, and long‑term “conviction” holders now control almost  20% of BTC, the biggest build‑up since the COVID‑19 crash.

#BTC #Macro #Bitcoin

TLDR: Bitcoin rallied to $76K but pulled back to ~$70K, still above March lows and outperforming gold (up 7% vs. down 17%). Despite near-term volatility, current prices are likely to look very attractive long-term. Institutional demand is strong, with $167M in Bitcoin ETF inflows and Morgan Stanley’s spot ETF poised for launch. A move above $72K could signal new momentum.

#BTC #Macro #Bitcoin