Strategy raised money from both its Bitcoin reserve and the capital markets during the latest reporting week.

Bitcoin defended support near $62,100 on August 1, but the August 2 rebound faded around the 50-day SMA, leaving $63,600 resistance untested.

Bitcoin opened August below a key support band, while Santiment recorded its most bearish Bitcoin commentary ratio since modern tracking began.

Bitcoin started on July 31 at $64,700, reached $65,340, and trades at $63,660 at the time of writing, down roughly $1,050 on the session.

The Bank of Japan held its policy rate at 1.0% on July 31, six weeks after raising borrowing costs in June.

Strategy holds 843,775 BTC bought at an average of $75,476, against a price near $64,800 at the time of writing. That puts the position roughly $9 billion below the $63.69 billion the company spent acquiring it.

The Federal Reserve left its benchmark rate unchanged at 3.50%-3.75% on July 29, extending its pause for a sixth consecutive meeting as policymakers continue to assess persistent inflation.

Bitcoin’s recovery above $65,000 lasted less than a full session. After reaching roughly $65,600 on July 27, BTC gave back the entire move and returned to the support area it had defended last week.

Bitcoin traded near $65,150 at the time of writing, up approximately 1.3% over 24 hours after the United States and Iran refrained from striking each other for a second consecutive day.

The Bank of Japan holds its next monetary policy meeting on July 30 and 31, six weeks after raising its policy rate to 1%, the highest level in 31 years.

Bitcoin traded near $64,300 on July 26, 2026, after defending the 0.236 Fibonacci retracement at around $63,600. The 50-day simple moving average sits roughly $400 beneath it at $63,240, leaving two distinct floors close together.

Bitcoin is not showing a clean bullish reversal or a renewed capitulation. The data instead points to a market capable of producing a sharp rebound through positioning, but one that still needs stronger spot accumulation and improving capital flows to turn that move into a sustainable recovery.