Overview
- Bitcoin traded around $64,270 on Aug. 5 with modest gains and remained rangebound after global stocks hit records and oil prices fell.
- Reports that the U.S., Iran and Oman are nearing a temporary Strait of Hormuz shipping deal have reduced oil risk and could lower inflation pressure that sometimes lifts crypto demand.
- U.S. spot Bitcoin ETFs showed mixed flows, with roughly $19.6 million of inflows on Aug. 4 following about $265 million of outflows on Aug. 1, leaving institutional demand uneven.
- Strategy disclosed a sale of 1,638 BTC for roughly $105 million, reducing a recent source of steady accumulation and altering available corporate supply.
- On‑chain data show weekly active addresses rose about 20% to more than 720,000 even as over 20,000 BTC moved to exchanges, creating a mixed signal that leaves a decisive breakout dependent on higher volume and ETF demand.