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Bitcoin failed to hold $65,000 for a fourth session and slipped near $64,000 as oil prices climbed on fading hopes for a quick Strait of Hormuz reopening, reviving inflation concerns just ahead of Wednesday’s U.S. CPI report. The move was broad but uneven. $ETH underperformed, dropping more than 2% below $1,880, while $XRP led losses and hovered near the psychologically important $1 level. $SOL and $BNB showed relative resilience on the week, and $HYPE, $TRX, and $DOGE managed modest gains amid the risk-off tone. Spot $BTC ETF flows flipped to a $144.6 million net outflow on August 10 after a strong multi-day inflow streak, removing one source of institutional support even as the longer-term 30-day picture remained positive. Market structure remains compressed. Liquidity is thin in typical summer fashion, long liquidations amplified the downside, and Strategy’s recent sale of roughly 1,690 $BTC added supply near resistance. On-chain data suggests larger holders have been accumulating over recent months, yet price has struggled to convert that into a sustained break higher. Macro remains the dominant driver: higher oil risks complicating the Fed’s inflation path and keeping risk assets cautious until clearer data arrives. Traders should watch the $63,000–$63,800 support zone for $BTC, the reaction to CPI, and whether ETF flows stabilize. Relative strength in $SOL, $BNB, and select names like $HYPE may offer clues on sector rotation if the broader market stabilizes. Does the combination of fading geopolitical relief and an upcoming inflation print suggest the current range is more likely to resolve lower first, or are the strongest hands already positioning for the next leg higher?