Bitcoin
2026-08-05 09:21:00Bitcoin Holds Near $64,000 as Kalshi Bets Tilt Below $60,000 and Burry Warns on U.S. Stocks
Bitcoin traded in a tight range around $64,000 after briefly touching about $64,500, with traders watching U.S. nonfarm payrolls, progress on the Clarity Act, and developments tied to a temporary Hormuz Strait agreement. On-chain data cited in the report showed roughly 155,000 BTC changed hands between $62,000 and $65,000, while Glassnode said about 515,000 BTC last moved near $63,000 and another 362,000 BTC near $61,000. The report also noted that spot price is sitting close to the 200-week moving average around $63,700, pointing to a key support area.
Options markets remain calm for now. Bitcoin’s 30-day implied volatility has dropped to 36%, the lowest level since late May, even as traders on Kalshi increased bets on a move below $60,000 this month, with more users also positioning for $57,500 and $55,000. CryptoQuant analyst Axel Adler Jr. said Bitcoin has a 55% probability of trading between $58,000 and $67,000 in August, versus a 30% bearish scenario and a 15% bullish one. The report also reviewed U.S. equity futures, crypto-related stocks, Michael Burry’s renewed warning that the stock market may be near a major top, and a series of upcoming earnings and token unlocks that traders are tracking.