Why was Bitcoin down on Jul 31, 2026, 8:16 AM UTC?

Bitcoin is essentially flat with minor negative moves (-0.11% to -0.33%), which aligns with the news describing it as "steady" and "flat near $64,000"—the yen carry trade stability and lack of major macro catalysts appear to be keeping it range-bound. The negative headlines (wallet hack, institutional losses, Coinbase miss) don't seem substantial enough to drive directional movement, suggesting this is routine consolidation rather than a news-driven move.