OMNI

Bitcoin
2026-08-07 09:28:00

Bitcoin Nears a Macro Downtrend Line as Traders Watch Friday’s Nonfarm Payrolls

Bitcoin is trading around $64,000 after about two months of rangebound action between $58,000 and $67,000. The report says BTC is approaching a macro downtrend line drawn from the $124,600 and $82,200 highs, while traders are watching liquidity clusters on both sides of the market. Killa says the market is at a key crossroads, with either a failed breakout or a confirmed bottom in play. Akash points to heavy short liquidity between $64,800 and $68,200 and dense long liquidity between $60,000 and $62,900, suggesting a sweep could come before any clearer trend. BIT says the main problem is the lack of clear incremental demand, and Friday’s U.S. nonfarm payrolls report may be the catalyst that sets direction. The piece also notes continued inflows into spot Bitcoin and Ether ETFs, Coinbase’s August 8 suspension of several tokens, cautious U.S. equity futures, pressure on crypto stocks, and a broader market backdrop shaped by AI-related volatility, oil gains, and Treasury yields.

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Bitcoin Nears a Macro Downtrend Line as Traders Watch Friday’s Nonfarm Payrolls
Market Analys
2026-08-02 12:30:00

Crypto Week Ahead: Circle and SpaceX Earnings, Major Token Unlocks, and Shutdowns for Zapper and Ctrl Wallet

The coming week carries a dense schedule for crypto markets and adjacent sectors. Circle, SpaceX, Hut 8, and American Bitcoin are all set to release quarterly results, while token unlocks for Succinct (PROVE), Ethena (ENA), and Hyperliquid (HYPE) are also on the calendar. At the same time, several products and services are approaching end-of-life milestones, including DeFi dashboard Zapper, crypto wallet Ctrl Wallet, and Polygon liquid staking token MaticX. Exchanges are making changes as well: Binance will stop supporting the Sophon mainnet and migrate SOPH to Ethereum on a 1:1 basis, and Coinbase plans to suspend trading in IDEX, LRC, OMNI, PIRATE, and FIS. The week also includes Polymarket’s shift to TWAP-based settlement for crypto up/down markets, a planned compensation update from AFX Trade after its bridge exploit, and an upcoming XRP Ledger software release that restores revised features previously removed over security flaws. Macro data are also due, with the U.S. set to publish July unemployment, nonfarm payrolls, and wage figures on Aug. 7.

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Crypto Week Ahead: Circle and SpaceX Earnings, Major Token Unlocks, and Shutdowns for Zapper and Ctrl Wallet