Why was Bitcoin down on Jul 31, 2026, 10:10 PM UTC?

Bitcoin is down 2.91% over 24 hours but stable in shorter timeframes (15min: -0.09%, 1h: +0.12%), suggesting consolidation rather than directional conviction. The news items (self-custody concerns, regulatory progress, perpetual futures dynamics) appear discussion-oriented rather than immediately market-moving; the recent decline likely reflects broader technical selling or profit-taking rather than reaction to any single catalyst mentioned.