Bitcoin

Focuses on news, price analysis, technological evolution, and market trends within the Bitcoin ecosystem. It explores its role and influence in the global financial system.

Bhutan’s Bitcoin Offloading Continues for the Third Week: Here’s How Much the Country Has Sold Until Now

Bhutan has continued its Bitcoin sales for the third consecutive week, offloading approximately $29 million worth of BTC in recent transactions. The government has sold over $129 million in Bitcoin over the past five months, reducing its holdings from a peak of over 13,000 BTC to around 5,700 BTC, currently valued at approximately $372 million. These strategic sales are executed periodically, often in tranches of around $50 million, with recent smaller increments likely due to Bitcoin's price decline below $70,000. The country accumulated its Bitcoin holdings through state-backed mining operations powered by its abundant hydropower resources, rather than direct purchases. This initiative began in 2019 through Druk Holding and Investments (DHI), the sovereign investment arm. Profits from these sales have been significant, contributing over $200 million annually in recent years and funding national development projects, including the Gelephu Mindfulness City initiative. Despite a slowdown in mining activity following the April 2024 Bitcoin halving, which reduced block rewards, Bhutan remains a notable sovereign holder of Bitcoin. Its approach demonstrates a model for leveraging renewable energy for cryptocurrency mining and integrating digital assets into economic strategy.

ccn.com02/13 09:25

Bhutan’s Bitcoin Offloading Continues for the Third Week: Here’s How Much the Country Has Sold Until Now

ccn.com02/13 09:25

Matrixport Research: Bear Market Confirmed, the True Window for Bottom-Fishing May Not Have Arrived Yet

Matrixport Research confirms that the crypto market has entered a bear phase, with Bitcoin's recent break below a key support level signaling a confirmed downtrend. Historical cycle analysis suggests this correction aligns with typical bear market patterns in both scale and rhythm. The focus has now shifted from whether the trend has reversed to identifying the next optimal accumulation window. Key observations indicate that Bitcoin's break below its one-year moving average often marks the start of a bear market, which historically lasts about 12 months. This suggests the next bull cycle may not begin until Q4 2026, with a potential cycle low likely in Q3 2026. The report also posits that Bitcoin’s four-year cycle correlates more strongly with U.S. midterm election cycles than with halving events, citing heightened regulatory and political uncertainty as key drivers of market tops and bottoms. From a technical perspective, neither the monthly Stochastic oscillator (currently at ~39%) nor the monthly RSI (near 50) has yet reached key oversold thresholds that historically signaled major bottoms. A clear reversal confirmation—typically occurring after a break below extreme levels—has not appeared. The report concludes that the final market low has likely not been reached and emphasizes the need for patience. A sustainable recovery should be confirmed by clear signals of exhausted selling momentum, not just proximity to perceived low prices.

Matrixport02/13 08:37

Matrixport Research: Bear Market Confirmed, the True Window for Bottom-Fishing May Not Have Arrived Yet

Matrixport02/13 08:37

Fear is high, prices are falling, but why are companies loading up on crypto?

Amidst market fear and falling Bitcoin prices, a notable trend of corporate accumulation is occurring. While some companies sold over 10,000 BTC recently, a smaller group of confident buyers acquired significantly more. Leading the charge, Strategy (formerly MicroStrategy) added 27,234 BTC in 30 days—more than double the total amount sold by others. They are joined by firms like Strive Asset Management and, notably, non-tech company DDC Enterprise Limited, signaling adoption across industries. This aggressive buying contrasts with Bitcoin's 26% monthly price drop and an "Extreme Fear" market sentiment. Beyond Bitcoin, Ethereum is also gaining corporate interest, with BitMine becoming the world's largest known corporate holder of ETH. The overall theme is that long-term believers are seizing the opportunity presented by short-term fear and price weakness.

ambcrypto02/13 08:02

Fear is high, prices are falling, but why are companies loading up on crypto?

ambcrypto02/13 08:02

Is Bitcoin ‘no longer digital gold?’ Bloomberg analyst says NO!

Senior Bloomberg analyst Eric Balchunas defends Bitcoin as "digital gold," despite its 6% loss in 2025 compared to gold's 65% gain. He argues that judging Bitcoin's status based on one year of underperformance is absurd, noting it has outperformed gold in 10 of the years since 2012. While recent U.S. spot Bitcoin ETF outflows have weakened BTC's price, the BTC/gold ratio suggests the pullback may be nearing a key support level, similar to the 2022 bear market. Despite short-term weakness, Bitcoin's long-term performance against gold remains strong.

ambcrypto02/13 07:02

Is Bitcoin ‘no longer digital gold?’ Bloomberg analyst says NO!

ambcrypto02/13 07:02

Bitcoin volatility hits the roof after 12K BTC whale inflows in ONE day!

After months of sideways movement, Bitcoin's price volatility has surged significantly, with sharp swings observed between February 5-6. The cryptocurrency dropped 14.3% before rebounding 12.2%, triggering heavy liquidations on both long and short positions. This increased volatility is reflected in rising 30-day and 180-day volatility metrics, indicating a shift from the previous calm market phase. Large Bitcoin holders (whales) have been moving substantial amounts of BTC to exchanges, with average monthly inflows jumping from 1,000 BTC to nearly 3,000 BTC. A notable spike occurred on February 6 alone, with approximately 12,000 BTC transferred to exchanges—a sign often associated with preparation for selling. Since February 1, there have been seven days with whale inflows exceeding 5,000 BTC, frequency that is unusually high and typically seen during market tops or panic sell-offs. At the time of writing, Bitcoin was trading at $67,800, well below its 20-day moving average near $77,000. The RSI remained below 40, indicating continued downward momentum, while the DMI suggested bearish control. The weak bounce from the $60,000 support zone, combined with elevated whale selling pressure, points to fragile market conditions. Bulls face significant challenges in stabilizing the trend.

ambcrypto02/13 06:04

Bitcoin volatility hits the roof after 12K BTC whale inflows in ONE day!

ambcrypto02/13 06:04

Bitcoin Whale Exchange Outflows Spike: Sign Of Dip Buying?

Bitcoin whale exchange outflows have surged to a 3.2% ratio relative to total exchange reserves, the highest level since late 2024, according to on-chain data analyzed by Glassnode. This increase suggests large holders are moving significant amounts of BTC to self-custody wallets, potentially indicating accumulation during the recent price dip. The behavior mirrors patterns observed in early 2022, when whales accumulated prior to a bull market. Meanwhile, Bitcoin's price retraced to around $68,000 after briefly surpassing $71,000, highlighting ongoing market volatility.

Bitcoinist02/13 05:32

Bitcoin Whale Exchange Outflows Spike: Sign Of Dip Buying?

Bitcoinist02/13 05:32

Binance shifts $1B SAFU fund into Bitcoin – Is BTC’s bottom forming?

Binance has completed converting its $1 billion SAFU (Secure Asset Fund for Users) entirely into Bitcoin, acquiring a total of 15,000 BTC at an average cost of $67,000. The move, framed as a commitment to Bitcoin as a long-term reserve asset, comes amid market volatility and criticism directed at the exchange. Since the conversion was announced, BTC's price dropped from $84,000 to around $68,000, a 20% decline. Some analysts compare this accumulation phase to early 2022, when whale buying preceded a bull market. Despite short-term macro headwinds, increased institutional accumulation could help stabilize prices and form a market bottom.

ambcrypto02/13 05:02

Binance shifts $1B SAFU fund into Bitcoin – Is BTC’s bottom forming?

ambcrypto02/13 05:02

$60B trading giant BlockFills hits ‘pause’ as ‘extreme fear’ takes over market

BlockFills, a major Chicago-based crypto trading firm that handled over $60 billion in trades last year, has paused all client deposits and withdrawals due to extreme market instability. The decision follows Bitcoin’s sharp decline of nearly 25% to around $60,000, though trading on the platform remains active. The move has heightened investor anxiety, evoking memories of the 2022 crypto collapses. Despite Bitcoin’s slight recovery to $67,490, institutional clients face significant risk. Analysts note parallels to past market crashes but suggest Bitcoin may be oversold and poised for a rebound if key support levels hold. The situation underscores ongoing regulatory uncertainty and fragile market sentiment.

ambcrypto02/12 21:02

$60B trading giant BlockFills hits ‘pause’ as ‘extreme fear’ takes over market

ambcrypto02/12 21:02

Bitcoin’s Fall Forces Crypto Lender BlockFills To Halt Withdrawals – Here’s Why

BlockFills, a Chicago-based institutional crypto lender and liquidity provider, has temporarily suspended client bitcoin deposits and withdrawals following a sharp decline in Bitcoin's price. The firm cited recent market and financial conditions as the reason, aiming to protect both clients and the company. While some accounts retain trading access, all external transfers are halted with no specified resumption date. The decision was triggered by Bitcoin's rapid price drop, which caused widespread liquidations and strained liquidity. BlockFills serves institutional clients like hedge funds and asset managers, and is now engaging with investors to restore normal operations. No formal insolvency has been announced.

bitcoinist02/12 21:02