Bitcoin Price Stalls Near $64,000 as Wall Street Hits New Records

The Bitcoin price stalled near $64,000 last week, diverging from record highs reached by Wall Street stock indices. Despite this, U.S. Bitcoin ETFs recorded net inflows of $211.5 million on August 4, with Ethereum ETFs adding $53.8 million. This behavior reflects a market in a phase of temporary stillness, according to analysis from Glassnode and Wintermute.

A security incident on July 31 led to the theft of 594 BTC from Coldcard devices, valued at approximately $38 million. The event triggered the sudden movement of 119,000 BTC that had remained dormant for over a year, with most of the transferred supply redirected to new cold storage wallets rather than exchange platforms.

On-chain metrics and derivatives market behavior indicate a significant level of accumulation near current trading levels. Approximately 155,000 BTC have been acquired in the $62,000 to $65,000 range, representing nearly 0.7% of the total circulating supply.