Why is Bitcoin up 0.40% Today, July 31, 2026? Risk Recovery Meets Fear-Regime Leverage Reset

Bitcoin rose 0.40% to about USD 64,264 alongside a modest lift in total crypto market cap, but sentiment remains in Fear (37), signaling a cautious risk recovery rather than a regime shift. Derivatives liquidations (USD 45.31M) were dominated by shorts, adding mechanical support, while 7-day open interest fell ~4%, implying a leverage reset. Positive funding suggests follow-through must be spot-led.