In this video Benjamin provides an update on Bitcoin: Where in the Cycle Are We? Video by Benjamin Cowen.
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As of August 7, 2026, Bitcoin (BTC) is trading at approximately $64,388.77 USD (equivalent to €55,794.54 EUR), maintaining a highly stable and flat trend throughout the week.
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1. Clarity Act Postponed to September - The U.S. Senate went on summer break without voting on the Crypto Clarity Act. This delay keeps regulatory framework changes on hold until at least September 2026, contributing to the cautious, range-bound price action.
2. Mass Aggressive Whale Accumulation - Behind the flat price movement, Bitcoin whales (wallets holding 10 to 10,000 BTC) bought over 20,000 BTC (roughly $1.2 billion) since late July. This major structural buying has built a reliable floor above $63,000.
3. ETF Inflows Reach Best Levels Since April - U.S. spot Bitcoin ETFs captured $754.69 million in net inflows this week. This represents their strongest single week of demand in four months, providing critical institutional liquidity.
4. Macro Watch: July Jobs Report - Traders are positioning conservatively ahead of the upcoming U.S. July jobs report. The employment and incoming inflation numbers are highly anticipated, as they will directly impact the Federal Reserve’s interest rate path for September.
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