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Key facts: BTCUSD Drops Below 200W SMA; Cuban Sells Most; 3.56M Lost

By Exbasi Intelligence
Sourced from TradingView
Key facts: BTCUSD Drops Below 200W SMA; Cuban Sells Most; 3.56M Lost
BTCUSD slipped below its 200-week SMA (~$64,216), trading in a $58k–$66k range and failing to reclaim the 200W SMA, keeping price near recent lows.Mark Cuban sold most of his Bitcoin (BTCUSD) holdings by 2026, saying his investment thesis changed and he reduces allocation when proven wrong.CryptoQuant reports record 3.56M BTC deemed lost (≈17.7% of circulating supply), based on long-term inactivity or inaccessible keys — relevant to BTCUSD spot CFD liquidity and supply considerationsWhite House meeting with SEC, CFTC and major crypto executives noted as potential driver for BTCUSD sentiment and trading flows.GPU demand is shifting from crypto mining to AI, reducing GPU supply for miners and likely affecting BTCUSD mining costs and supply dynamics—key for Bitcoin spot CFD traders.A softfork attempt tied to BIP-110 triggered a chain split at block 961,632 on Aug 8; a minority chain kept producing blocks, relevant for BTCUSD spot CFD traders monitoring chain risk.This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.

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