Live updates: Bitcoin flirts with $64,000 as stocks start strong in August
ARP Digital partner Yusuf Fakhro tells CoinDesk that August bitcoin weakness reflected stalled participation rather than forced selling, citing ETF flows.
ARP Digital partner Yusuf Fakhro spoke to CoinDesk on 3 August about the character of that week's bitcoin decline, in coverage that led the publication's live market blog.
Fakhro's reading was that weakness reflected stalled participation rather than forced selling — a distinction with different implications for what follows. He pointed to ETF flows turning negative, CME open interest returning to 2023 levels, and a corporate treasury buyer remaining inactive for a fifth consecutive week as evidence that demand had thinned rather than that holders were being liquidated.
