In this video Benjamin talks about where Bitcoin is in the cycle, and why it's almost crunch time. Video by Benjamin Cowen.
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Bitcoin is trading at $64,203.34 as of late afternoon on Monday, August 10, 2026, breaking lower after repeatedly testing the $65,000 threshold earlier in the day.
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Insights Today
-Bitcoin maintains an active structural cushion along its 200-week Simple Moving Average (SMA), but faces persistent overhead selling pressure near $65,500.
-Macro Focus: The market's next immediate drivers are this week's upcoming U.S. CPI data releases and pending political clarity out of the U.S. Senate regarding the CLARITY Act.
-Corporate Strategy Shift: Michael Saylor’s Strategy (MSTR) altered its historic "never sell" stance, selling 1,690 BTC for $108.6 million to fund preferred stock distributions and replenish cash reserves.
-Strong ETF Momentum: Spot Bitcoin ETFs recorded over $850 million in weekly inflows, picking up speed as investors look toward regulated custody channels.
-Macroeconomic Tailwind: Crypto assets found soft support from a weaker-than-expected July U.S. employment report, lowering terminal projections for interest rates.
-Dormant Supply Awakening: Blockchain tracking noted a five-fold spike in daily on-chain movements from dormant multi-year old addresses compared to July averages.
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