Bitcoin trades near $65,000 this weekend, with a breakout trigger at $67,300 and $60,000 as key support. The US jobs report showed unexpected weakness with a loss of 23,000 positions in July, cutting September rate-hike odds from 57% to 44%, which supports bitcoin demand. However, tensions around the Strait of Hormuz threaten to revive inflation fears, with Brent crude rebounding to $82.49 per barrel, up 3.83%. US-listed spot bitcoin ETFs recorded inflows of $763.7 million this week, their strongest pace since April, while whales accumulated over 20,000 BTC since late July, creating upward pressure that hits a ceiling at $69,000. Options markets price only a 2.59% weekend move, but 53.8% of options volume consists of puts, suggesting some traders are hedging against a drop toward $60,000.
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