Key Highlights
- BTC declined to approximately $63,900, weighed down by crude oil’s nearly 5% rally
- Iran rejected direct negotiations with Washington and outlined conditions for Strait of Hormuz reopening
- Strategy divested 1,690 BTC valued at $108.6 million during August 3ā9
- U.S. spot Bitcoin ETFs attracted $865.3 million in net capital last week
- Market participants are monitoring this week’s CPI and PPI releases for Federal Reserve policy signals
Bitcoin retreated to approximately $63,900 during Monday’s trading session, erasing gains made over the weekend as surging crude oil prices dampened risk appetite throughout global financial markets.
Crude oil rallied close to 5% following Iran’s rejection of direct diplomatic engagement with the United States, with Tehran stating that full reopening of the Strait of Hormuz depends on Washington satisfying certain demands. This development prompted investors to rotate into safe-haven instruments such as the U.S. dollar, pressuring both cryptocurrency and equity markets downward.
Ali Nikzad, Iran’s deputy parliamentary speaker, emphasized that the Strait’s reopening issue “has no military solution.” Meanwhile, U.S. WTI crude futures advanced to approximately $80.90 per barrel during Monday’s session.
The BTC/USD trading pair touched an intraday bottom of $64,447 on Bitstamp before stabilizing around $63,900, marking its lowest valuation since last Friday.
Market analyst Daan Crypto Trades identified $64,000 as a pivotal threshold for Bitcoin’s trajectory. He observed that this level coincides with the 4-hour 200-period moving average, Monthly Volume Weighted Average Price, and Weekly 200-period moving average ā describing it as an important technical confluence area. According to his analysis, a sustained close beneath $64K could shift near-term momentum control to sellers.
$BTC Big level here on the day.
Lots of confluence with a lot of levels that would determine where the momentum is headed in the short to mid term.
šø.382 Fib Retracement level from August move
šø4H 200MA & EMA
šøMonthly VWAP
šøHighest volume area from past weeks
šøWeekly 200MAā¦ pic.twitter.com/oNNORX3G52ā Daan Crypto Trades (@DaanCrypto) August 10, 2026
Strategy Continues Bitcoin Liquidation
Strategy disposed of 1,690 BTC for approximately $108.6 million during the period spanning August 3 through August 9, executing sales at a mean price of $64,262 per token. The transaction was revealed through an SEC regulatory filing released on Monday.
Following these sales, the firm maintains holdings of 840,447 BTC, currently worth around $54.7 billion. With an average acquisition cost of $75,385 per coin across its entire portfolio, Strategy remains underwater on its Bitcoin investments at present market valuations.
Strategy increased its USD Reserve by $650M and repurchased $109M of $STRC. This increased USD Duration by 143 days to 2.7 yrs and tightened STRC’s BTC Credit by 10 bps. As of 8/9/26, we hold āæ840,447 in our BTC Reserve and $4.65B in our USD Reserve. $MSTRā¦
ā Michael Saylor (@saylor) August 10, 2026
The company additionally liquidated 6,585,682 shares of MSTR equity during the previous week, generating $653.1 million in capital. These funds were allocated toward repurchasing preferred stock and expanding its cash position to $4.65 billion as of August 9.
Bitcoin ETF Demand Stays Robust
Notwithstanding the price pullback, institutional appetite remained resilient. U.S. spot Bitcoin ETFs registered $865.3 million in aggregate net inflows throughout last week, based on data from Farside Investors.
On-chain analytics provider Glassnode observed that spot taker purchasing activity has intensified, though characterized the rebound as “tentative.” The firm highlighted that exchange volume turnover continues at subdued levels, suggesting market consolidation rather than widespread speculative engagement.
Ki Young Ju, Chief Executive of CryptoQuant, pointed out that hedge funds have shifted to net long positions in CME Bitcoin futures contracts ā an uncommon positioning shift. His commentary stated: “The suits are betting on upside.”
Market attention has now turned to Wednesday’s U.S. Consumer Price Index report and Thursday’s Producer Price Index data for indications regarding potential Federal Reserve interest rate adjustments in September. Elevated interest rates generally create headwinds for speculative assets including Bitcoin.
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