{
  "id": 19488,
  "title": "Bitcoin holds monthly gain, faces 'choppy' August as 'forced-selling' exhausted, analysts say",
  "url": "https://urgent.news/2026/07/31/bitcoin-holds-monthly-gain-faces-choppy-august-as-forced-selling",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-07-31T20:50:58.000Z",
  "source": {
    "name": "CoinDesk",
    "slug": "coindesk",
    "url": "https://www.coindesk.com/markets/2026/07/31/bitcoin-holds-onto-july-gain-as-forced-selling-fuel-was-already-spent-analysts-say"
  },
  "original_language": "en",
  "account": "Bitcoin held steady in July, finishing the month up about 7.5% despite a series of challenges. The cryptocurrency initially slipped below $63,000 on July 27, down around 3%, but by month's end, it was still on track for a gain. Analysts from Bitfinex suggested that Bitcoin's resilience stemmed from reduced leverage compared to equities, as derivatives traders were largely removed during the sharp sell-off in late June. The average daily liquidations have remained well below the typical $400 million to $500 million range, indicating little forced selling despite macro shock. Additionally, a major exploit involving Coldcard, resulting in at least $38 million worth of Bitcoin being stolen, didn't significantly impact price action. However, it added to the growing concerns about the risks of self-custody in the digital asset world. While the exploit's proceeds haven't been liquidated yet, it could weigh on Bitcoin pricing in the near term. Looking ahead, macro uncertainty remains the dominant theme, with investors uncertain about the Fed's rate trajectory. Bitfinex analysts expect a choppy August for Bitcoin, with the asset likely to remain range-bound unless real yields fall or ETF flows turn consistently positive.",
  "summary": "The largest crypto shrugged off a barrage of bad news this month, but traders remain cautious as rate hike fears and jobs data loom.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}