Why was Bitcoin down on Aug 1, 2026, 2:16 AM UTC?

Bitcoin is essentially flat over the last 15 minutes and hour (±0.08%), but down 2.39% over 24 hours—suggesting a mild pullback rather than a directional move. The news is largely positive (regulatory clarity, ETF competition, exhausted selling pressure) and doesn't clearly explain the 24h decline, which appears to be technical retracement or consolidation after recent gains rather than driven by headline fundamentals.