August 7: Bitcoin Is Stuck. Institutions Keep Buying Anyway.
Bitcoin is still stuck in its long sideways range, but the buyers underneath the market are getting harder to ignore. Matt covers roughly $1.2 billion in Bitcoin whale accumulation and about $750 million in U.S. spot ETF inflows this week, while also looking at continued pressure on Bitcoin miners and another delay to the CLARITY Act until at least September.
The episode also covers Coinbase losing another prediction-market court fight, Coldcard losses climbing above $116 million across more than 5,200 wallets, BIP-110 continuing to struggle for miner support, and XRP weakening as regulatory…
The skinny
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