Overview
- Bitcoin fell into the low‑$62,000s and tested support near $62,000, trading down from late‑July highs as price momentum weakened on Monday.
- On‑chain analysis shows a widening Coldcard hardware‑wallet exploit tied to weak seed generation, with observed sweeps climbing toward roughly 1,800 BTC across more than 5,000 addresses and Coinkite issuing corrected firmware; affected users must create new seeds and transfer funds to secure holdings.
- Strategy reported a large Q2 unrealized loss and has paused continuous purchases while doing selective sales, removing one of the market’s largest visible institutional bids and heightening investor caution.
- Spot Bitcoin ETF flows have turned uneven, with late‑July net outflows of about $61.5 million followed by mixed early‑August activity, even as concentrated whale accumulation continues to add support on‑chain.
- Traders say this week’s U.S. data and corporate earnings will likely decide direction because weaker labor or PMI prints could ease yields and help Bitcoin, while stronger prints would tighten liquidity and raise the odds of a deeper pullback toward $60,000.