Why was Bitcoin up on Aug 10, 2026, 10:52 AM UTC?

Bitcoin is essentially flat across all timeframes (15min: +0.01%, 1h: -0.04%, 24h: +0.08%), suggesting minimal directional conviction right now. The geopolitical easing (Iran-Oman deal reducing Hormuz risk) and positive sentiment shifts (hedge funds covering shorts, regulatory optimism) appear to be providing support at $65k rather than driving upside, while the lack of significant movement despite constructive news suggests the market may be consolidating ahead of upcoming economic data (CPI report).