Why was Bitcoin up on Jul 31, 2026, 12:22 AM UTC?

Bitcoin is essentially flat in the short term (-0.04% in 15min, -0.25% in 1h) despite a modest +1.21% daily gain. The recent negative news—$8.2B losses at Strategy, Coinbase missing earnings, and fading odds on the Clarity Act—likely contributed to the broader daily decline, but there's no clear catalyst explaining the minimal intraday movement right now; this appears to be consolidation or light trading volume at current levels.