Bitcoin fell from $64,766 to $62,883, a decline of roughly $1,883 or 2.9% in 24 hours.Mostly noise. Price dropped 2.9% but no single structural catalyst drove the move, ETF inflows ran above their 30-day average at plus 1.25 standard deviations, and perpetual funding remained well within normal range at 0.56 basis points. The Coldcard exploit growing to $70 million is worth monitoring but does not represent exchange-level systemic risk.
Bitcoin dropped 2.9% to $62,883, sinking below the 50-day SMA of $63,374 and falling to two-week lows as US stocks diverged from Asia's relief bounce.
Spot Bitcoin ETFs recorded $233.1 million in inflows led by BlackRock's IBIT, running at plus 1.25 standard deviations above the 30-day average despite the price decline.
The Coldcard hardware wallet vulnerability grew to roughly $70 million in losses across nearly 1,200 addresses per Galaxy Research, up from the initial $38 million figure, prompting Coinkite to urge Mk3 users to migrate funds immediately.
Options market positioning shifted bearish for August, with protection against a $60,000 Bitcoin dip becoming the dominant trade heading into the new month.
Network hash rate held at 901.8 EH/s near cycle highs, confirming that miner infrastructure remains committed despite price weakness below the 50-day average.
Market Snapshot
Market Cap
$1.26T
24h Volume
$29.81B
Dominance
56.2%
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