Sunday, 2 August 2026 · No. 122
Exchange inflows continue as yield curve steepens without macro relief.
The Lead
Bitcoin price holds steady near 63400 dollars on thin volume while nearly 1000 BTC moved onto exchanges in the last day, extending distribution pressure without triggering a break. Holders sit only modestly above cost basis at an MVRV of 1.19, yet the combination of fear sentiment and ongoing inflows shows limited willingness to absorb supply even in a quiet macro window. The steepening yield curve signals contained liquidity stress rather than resolution, leaving open whether this balance persists or tilts toward further selling once any incremental catalyst arrives.
The full briefing
The full briefing is free with an account
Four more sections every morning: market conditions, network health, geopolitical watch and the macro pulse.
Registration takes an email or a Nostr key, and either way 7 days of VIP come with it.
The Reading
Threat
QUIET
Conviction
66/100
15 sources cited
At Publication
Now and change since Sun 2 Aug
- BTC Price
- $63,397
- 24h Change
- 0.67%
- Fear & Greed
- 27
- Hashrate
- 909.3 EH/s
- MVRV
- 1.19
- Block Height
- 960,680
- S&P 500
- 7,489.72
- VIX
- 15.99
- Gold
- $4107
- DXY
- 99.80
- US 10Y
- 4.75%
- Oil
- $84.67
In This Briefing
The Wire
BITCOIN
Bitcoin cold-wallet attack spreads to 4,500 addresses as losses near $89 million — CoinDesk
BITCOIN
CZ Warns Bitcoin Holders After $70 Million Wallet Exploit: 'Nothing Is 100%' — Decrypt
CONFLICT
US embassies issue alerts after Trump vows to hit Iran ‘hard’ — Al Jazeera
CONFLICT
Embassies warn Americans of travel risk amid signs of possible U.S.-Iran military action in the coming days — CNBC
POLITICAL
Trump says he is cancelling strikes on Iran subject to 'rapidly' making deal — BBC World
POLITICAL
Trump cancels Iran strike, says ‘deal perimeters’ reached — Al Jazeera
Sources (15)
The Situation Room is paid for by its members, in sats: no ads, no data sales, no investors. Membership →