Why was Bitcoin down on Aug 12, 2026, 4:55 AM UTC?

Bitcoin is essentially flat over the past hour and slightly down over 24 hours, with the data suggesting a balance between ETF inflows and selling pressure—likely keeping price range-bound near $63,700. The recent news (regulatory suits, banking developments, altcoin outperformance) doesn't directly explain this modest downward drift; upcoming inflation data appears to be a key catalyst traders are waiting for rather than something that's already moved the market.