Particle.news

Bitcoin Holds Mid‑$60K as Big ETF Inflows Meet Security and Fork Risks

Concentrated ETF buying has reinforced Bitcoin’s short‑term floor, leaving the next trend to hinge on security fixes, BIP‑110 resolution, U.S. CPI.

Overview

  • U.S. spot Bitcoin ETFs recorded roughly $853 million to $865 million of net inflows for the week ended Aug. 7 with BlackRock’s IBIT supplying about $693–694 million of that total.
  • Bitcoin briefly rose above $65,000 on Aug. 10 after weaker July payrolls reduced odds of more Fed tightening and then pulled back into the $62,000–$66,000 trading range.
  • BTCPay Server was actively exploited on Aug. 8–9 in a flaw that let attackers copy LND “macaroon” credential files and drain Lightning nodes, and the project urged operators to update or take servers offline.
  • A late‑July Coldcard hardware‑wallet incident removed roughly 1,700–1,816 BTC from users’ devices, triggered wide custody rotations and helped drive a spike in new wallets, according to Santiment.
  • The BIP‑110 proposal carries a minority‑fork and replay‑attack risk because miner signaling sat near 2.6%, and analysts warn ETF flows may reflect concentrated institutional reallocations rather than broad retail demand while U.S. CPI on Aug. 12 will be the next market test.