Lukas Limbach

Bitcoin ended the weekend flat near the 63K mark after a week that cost it about 3%. US spot ETFs swung back to outflows, the Coinbase premium hit a record 90 negative days, and the CME basis trade is unwinding. What moved on August 16, and what to watch this week.

A quiet Saturday on the tape, with second-quarter 13F filings doing the talking. Harvard stopped selling IBIT after two quarters of cuts, Abu Dhabi's funds sat still, UBS lifted call exposure 24-fold, and Tudor added shares while cutting calls 85 percent.

Bitcoin fell below $63,000 on Friday, its lowest since August 3, as spot ETFs logged a second straight day of outflows. Washington stalled on two rulemakings, MSCI reopened index-exclusion risk for Strategy and Metaplanet, and World Liberty won a federal bank charter.

Two soft inflation prints in a row and Bitcoin still will not move. Spot volume is the lowest since 2019, the SEC pulled its Reg Crypto meeting hours before it was due, and Tether closed a KPMG audit. A quiet tape hiding three decisions that matter.

Bitcoin failed above $65,000 a fourth time and slipped under $63,500 as Trump's Iran demands pushed Brent to $89. Underneath it: whale wallets at a six-month high, Strategy selling a fourth straight week, and Riot signing $9.1B with Anthropic. Wednesday's CPI decides the week.

Bitcoin gave back the week's gains on Monday and closed below $64,000 as oil reclaimed $80. Underneath it, three treasury companies gave three different answers: Strategy sold coins for a dollar reserve, Trump Media booked $361M in losses, H100 bought 2,455 BTC with equity.

Bitcoin held above $65,000 through a quiet Sunday while three stories landed at once: the BIP-110 fork stalled after two blocks, more than 100 crypto projects folded in 2026, and Hyperliquid's revenue fell a fourth straight quarter despite record volume.

US payrolls unexpectedly fell 23,000 in July, sending bitcoin above $65,000 as September rate-hike bets collapsed. Long-term holders moved 210,000 BTC after the Coldcard breach, BTCPay disclosed a live exploit, and the Senate finally opened floor action on the Clarity Act.