Financial markets are hitting record highs, gold regains its safe haven status, but bitcoin remains stuck below $65,000. This inertia contrasts with the euphoria seen in traditional assets and fuels investors' questions.
The leading cryptocurrency experienced downward momentum on Thursday as renewed labor market strength and mounting rate hike concerns weighed on digital asset valuations. Bitcoin declined 0.69% to reach $64,384, retreating after encountering significant resistance at higher price levels.
Bitcoin (BTC) is showing renewed signs of buying pressure from large investors, with whale accumulation and improving spot Bitcoin ETF inflows strengthening the case for a potential move toward $70,000 despite uncertainty surrounding the U.S. CLARITY Act. Blockchain analytics firm Santiment reports that Bitcoin whales and sharks wallets holding between 10 BTC and 10,000 BTC have accumulated more than 20,000 BTC since July 29.
A Bitcoin wallet dormant since 2011 has suddenly moved nearly 50 BTC, worth approximately $3.2 million, attracting attention after the funds landed at an address with previous links to institutional crypto brokerage FalconX. The original wallet received 49.97 BTC on July 16, 2011, when Bitcoin traded near $10, according to Galaxy Research.
Bitcoin ETF inflows and whale buying appeared in the same report Friday, with CoinDesk saying listed funds attracted seven hundred fifty million dollars while large holders added one point two billion dollars in BTC, although the research brief for this draft does not include the fund-level tables or wallet records needed to independently verify those totals.
The regulatory shift may enhance U.S. crypto integration, potentially boosting market optimism and influencing future Bitcoin price forecasts. White House to cut unnecessary Bitcoin, crypto regulations.
Bitcoin (BTC) options positioning continued to signal a broadly bullish bias, with call contracts dominating open interest even as spot prices hovered near a key options-derived level around $64,000. The skew matters because derivatives positioning on Deribit—one of the largest crypto options venues—often serves as a real-time proxy for how traders are pricing upside versus downside risk into near-term expiries.
Bitcoin whales accumulate $1.2 billion in BTC while spot ETFs pull in $754 million this week.
MARA's strategic shift from HODLing to monetizing Bitcoin reflects a broader trend of companies balancing digital assets with financial stability. MARA's Bitcoin stash fell 34% to under 36,000 BTC in H1.
WalletExplorer documents IP-plus-URL logging inside Chainalysis, while other major services disclose sharply different linkage, retention and access rules.
The 50 BTC remained in the receiving address Friday, but that wallet has previously sent funds to FalconX-labeled deposits, leaving open whether the old stash is being reorganized or moved closer to a trading venue.
Upbit will list Block Street (BSB) in KRW, BTC and USDT markets on Aug. 7, with Ethereum deposits and temporary trading restrictions.