Bitcoin Stalls Near Record Highs Amid Global Market Records

The Bitcoin price stalled near $64,000 on Tuesday, August 4, as global markets reached new records.

According to Glassnode and Wintermute analysis, this behavior reflects a market in temporary stillness, compressed into a phase of stagnation.

Institutional capital flows were conflicting between spot trading and exchange-traded funds (ETFs) during early August 2026.

U.S. Bitcoin ETFs captured $211.5 million in net inflows on Tuesday, while the S&P 500 closed at a record 7,737 points, and the Nasdaq rose 2.6% driven by tech sector earnings.

Jasper De Maere, OTC desk trader at Wintermute, argued that the marginal buyer in the spot market does not reflect an outright, long-term buy stance.