Why was Bitcoin down on Jul 28, 2026, 7:31 PM UTC?

Bitcoin is down 1.86% over 24 hours but essentially flat in the last 15 minutes and slightly positive over 1 hour, suggesting minor consolidation rather than directional conviction. The recent news (regulatory frameworks, new ETPs, mining deals) appears tangential to this modest pullback—no major market-moving catalyst stands out, so this likely reflects routine intraday volatility or profit-taking after recent moves.