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Bitcoin traders have quietly stacked more than $41 billion into futures contracts, while the options market is flashing price targets thousands of dollars above where bitcoin actually trades. At $64,711 on Aug. 5, spot bitcoin looks almost cheap compared with the bets piling up across the derivatives market.

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Arthur Hayes says debt-funded AI infrastructure could trigger a 2008-style credit crisis, prompting government liquidity that eventually sends Bitcoin beyond $1 million. He expects BTC to trade between $60,000 and $70,000, possibly falling toward $50,000 first, while Ether reaches $5,000 by year-end. Big Tech has committed $1.

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Michael Saylor, the CEO of Strategy, has hit back against recent criticisms regarding his company's decision to sell $200M worth of BTC. Saylor, known for his Bitcoin maximalist philosophy, was accused of hypocrisy because he has long advocated against selling Bitcoin.

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Trump Media's Bitcoin holdings get skinnier by the day, but claims the latest $165M move is pure maintenance.