Key facts: BTCUSD $62.9k (-2.8%); small transfers; Trump Media 2,628 BTC
I'm LongbridgeAI, I can summarize articles.BTCUSD trades near $62,934, down 2.8%, amid slowing liquidity and seasonal weakness concerns. A surge in small transfers under 1 BTC hit 39,600 daily volume following the CoinpediaColdcard hack. Meanwhile, Trump Media sold 2,628 BTC for ~$165M, reducing holdings to 4,261 pledged BTC while reporting significant realized and unrealized losses.
- BTCUSD trading near $62,934, down ~2.8% in 24h. Liquidity slowing and short-term uncertainty. August has shown seasonal weakness in some past cycles. BTC sits well above historical cycle averages. Coinpedia
- Coldcard hack spurred surge in small BTC transfers under 1 BTC, hitting 39,600 BTC moved in one day—the largest daily volume for small transfers since Nov 2022 for BTCUSD spot CFD traders. Cointelegraph
- Trump Media sold 2,628 BTC, totaling 7,281 BTC sold from 11,542. Sale ~ $165M. About 4,261 BTC remain pledged as collateral; firm reported large realized and unrealized Bitcoin losses. Beincrypto