Bitcoin held above $64,000 as traders awaited an Iran shipping deal and weighed Arthur Hayes' AI-debt warning tied to a future price surge.
Bitcoin (BTC) remains significantly below its long-term valuation trend, according to the Bitcoin Rainbow Chart, which places the cryptocurrency beneath even its lowest projected valuation band for August 31.
A long-standing Bitcoin trading strategy known as the 500-Day Rule is once again drawing attention as the next accumulation window approaches. The rule, popularized by Pantera Capital, suggests investors buy Bitcoin about 500 days before a halving event and sell roughly 500 days after, a pattern that has historically aligned with major bull market peaks.
The so-called ‘500-day rule' says buying BTC roughly 500 days before a bitcoin halving and selling it about 500 days after would have produced profits in prior cycles.
Maelstrom co-founder Arthur Hayes says overleveraged AI data-center spending will eventually crack, forcing government bailouts and money printing that become the next major bitcoin catalyst.
Seven funds took in cash with none negative, yet IBIT still supplied 65.5% of the Aug. 3 total.
Rising exchange reserves add selling pressure as BTC tests critical support, with a breakdown potentially opening the door to $59,591.
Bitcoin price rebounds toward $64,000 after Qatar says US-Iran deal proposals are circulating, while traders monitor key resistance near $65,000.
For 14 years, one ratio only moved in bitcoin's favor. Now it has decisively turned the other way and bulls may not like what it means.
Shares of London BTC Company Ltd (LSE:BTC, OTCQB:VINZF) jumped 10% to 1.6p after it reported a rock chip sample grading 143.1 grams of gold per tonne from its Amonett-Frank project in Nevada, the highest grade returned so far across its US portfolio. The main market-listed company, chaired by David Lenigas, has been building a gold exploration business alongside its bitcoin mining operations.
The defendants allegedly traveled from Missouri to Connecticut to kidnap a Bitcoin holder and force him to transfer cryptocurrency before abandoning the plan.
On August 3rd, a wallet that had been completely inactive for seven months transferred 16,400 bitcoins, nearly 1.04 billion dollars, reigniting speculation about the intentions of its holder. Indeed, this movement occurs while bitcoin is trading around 62,800 dollars, far from its all-time high of 126,198 dollars reached in October 2025.