Why was Bitcoin up on Aug 2, 2026, 4:16 AM UTC?

Bitcoin's modest gains (0.84% in 24h) appear largely disconnected from the news cycle, which is dominated by negative stories: a major cold-wallet attack affecting 4,500 addresses with ~$89M in losses, mining difficulty contracting 14%, and regulatory scrutiny on bitcoin options. The small positive price action likely reflects technical/liquidity factors or minor buying interest rather than being driven by these headlines, which would typically create downward pressure.