# Loss Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Loss", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Bitcoin Whales Are Exiting The Profit Territory — And It Could Get Worse

Bitcoin's price pressure in 2026 is eroding profits, particularly for large investors known as whales. On-chain data indicates the Net Unrealized Profit/Loss (NUPL) for addresses holding over 1,000 BTC has dropped to around 0.2, signaling these whales are nearing zero unrealized profits. Historically, such levels occur in advanced bear market stages. If this trend continues, it may lead to market capitulation, increasing selling pressure. Recent data shows new short-term whales realized over $3 billion in losses between February 3-7. Currently, Bitcoin is trading near $68,710, up over 5% in 24 hours but down nearly 3% for the week.

bitcoinist7m ago

Bitcoin Whales Are Exiting The Profit Territory — And It Could Get Worse

bitcoinist7m ago

Q4 Net Loss of $667 Million, Yet Stock Soars 16%, Don't Buy Coinbase Now

Coinbase reported a net loss of $667 million in Q4 2025, with revenue of $1.78 billion falling short of expectations. Despite this, its stock surged 16.46% the next day, reflecting short-term market confidence. However, analysts caution against investing in Coinbase at this time, citing high cyclicality and near-term headwinds. The company’s revenue is split between transaction-based income (56%) and subscription & services (44%). Transaction revenue relies heavily on retail trading spreads, which remain vulnerable to crypto market volatility. Subscription revenue includes stablecoin-related income (mainly from USDC interest sharing), staking, and emerging services like Coinbase One and Base L2. Key challenges include Coinbase’s high correlation with Bitcoin’s, regulatory uncertainty in the U.S., and growing competition from decentralized exchanges (DEXs) globally. Although Coinbase maintains a dominant position in the U.S. due to its regulatory compliance and trust, analysts expect continued pressure on brokerage fundamentals through 2026. Earnings are projected to underperform consensus estimates by 14% in 2026, with potential downside in a prolonged crypto downturn. While regulatory clarity may eventually benefit Coinbase, its effects are likely too slow to offset near-term financial weakness. Analysts advise waiting for a better entry point, as current risk-adjusted returns appear unfavorable.

marsbit17h ago

Q4 Net Loss of $667 Million, Yet Stock Soars 16%, Don't Buy Coinbase Now

marsbit17h ago

Q4 Net Loss of $667 Million, Yet Stock Soars 16%, Don't Buy Coinbase Now

Coinbase reported a net loss of $667 million in Q4 2025, with revenue of $1.78 billion falling short of expectations. Despite this, its stock surged 16.46% the next day, reflecting short-term market optimism. However, analysts caution against investing in Coinbase at this time, citing high cyclicality and near-term headwinds. Revenue is split between transaction-based income (56%) and subscription/services (44%). Transaction revenue relies heavily on retail trading spreads, which are under pressure due to declining crypto prices and reduced volatility. Subscription revenue, led by USDC interest income and staking, offers diversification but remains sensitive to interest rates and market conditions. Key debates include whether Coinbase can reduce its dependence on crypto market cycles, the sustainability of stablecoin profits, and the impact of future regulations. While the company holds a dominant position in the U.S. market due to its regulatory compliance and trust, it faces growing competition from decentralized exchanges globally. Analysts project underperformance in 2026, with earnings potentially 14% below consensus due to compressed client assets and trading activity. Although regulatory clarity may benefit Coinbase long-term, it is unlikely to offset immediate financial pressures. Valuation scenarios range from a negative IRR in a bear case to a high IRR in an optimistic rebound, but near-term risks currently outweigh potential returns.

Odaily星球日报17h ago

Q4 Net Loss of $667 Million, Yet Stock Soars 16%, Don't Buy Coinbase Now

Odaily星球日报17h ago

From High Growth to Hard Reality: The Q4 Stress Test for Coinbase and Robinhood

Coinbase and Robinhood faced significant challenges in Q4 2025, revealing their continued heavy dependence on cryptocurrency market cycles despite efforts to diversify. Robinhood reported record annual revenue of $4.5 billion and a net profit of $1.9 billion, with strong growth in traditional trading and options. However, its crypto transaction revenue plummeted 38% year-over-year to $221 million, and app trading volume fell 57% in January 2026. Despite its broader financial offerings, the market still views Robinhood as a Bitcoin-dependent asset, causing its stock to drop 50% from recent highs. Coinbase experienced a steeper decline, with revenue falling 21.6% to $1.78 billion and a net loss of $667 million due to crypto asset depreciation. Retail trading volume collapsed to $59 billion, far below institutional volume of $237 billion. While stablecoin revenue and institutional services provided some support, the sharp drop in high-fee retail activity exposed Coinbase’s vulnerability to crypto market downturns. Both companies illustrate the broader industry issue: declining active users and over-reliance on crypto volatility. Their valuations remain tightly correlated to Bitcoin’s performance. Key takeaways include the necessity of stable revenue streams (like interest and stablecoins), excess infrastructure amid shrinking user demand, and the urgent need for sustainable business models beyond pure crypto speculation. Survival in 2026 will depend on financial resilience rather than growth.

比推Yesterday 05:43

From High Growth to Hard Reality: The Q4 Stress Test for Coinbase and Robinhood

比推Yesterday 05:43

Bitcoin – Is this a good time to enter the market and ‘buy the dip?’

Bitcoin's recent price drop has created market unease, but analysts suggest such periods of fear often present strategic buying opportunities. Current data shows that losses among Bitcoin investors are outweighing profits, with many selling at a loss after purchasing near recent highs. Approximately $2.6 billion in capital has exited the market over the past month, reducing typical dip-buying support. The realized profit-to-loss ratio has also declined, indicating accelerated loss realization. However, historical patterns show that extreme fear in market sentiment—often marked by terms like "crash" and "sell" in online discussions—frequently coincides with short-term price bottoms. Metrics such as MVRV suggest that when most holders are at a loss, selling pressure tends to decrease, potentially setting the stage for a rebound. This implies the current downturn may be closer to a reversal than it appears, presenting a potential entry opportunity for investors.

ambcrypto02/11 07:03

Bitcoin – Is this a good time to enter the market and ‘buy the dip?’

ambcrypto02/11 07:03

Peter Schiff slams Saylor’s Bitcoin bet: ‘$10K over market price’

Michael Saylor's company, MicroStrategy, purchased an additional 1,142 Bitcoin for $90 million in February 2026, at an average price of $78,815 per coin, raising its total holdings to 714,644 BTC. This move occurred amid a significant market downturn, with Bitcoin's price falling to around $69,000. Saylor views the price drop as a long-term buying opportunity. However, prominent Bitcoin critic Peter Schiff strongly criticized the purchase, noting the company paid nearly $10,000 above the market price, increasing its average cost and overall risk. He warned that MicroStrategy's heavy reliance on Bitcoin is risky and could lead to bankruptcy. Despite a short-term stock price increase, the company's shares have fallen over 260% in six months, highlighting the ongoing tension between long-term institutional strategy and short-term market pressures.

ambcrypto02/10 16:02

Peter Schiff slams Saylor’s Bitcoin bet: ‘$10K over market price’

ambcrypto02/10 16:02

Crypto Alert: 2 Victims Lose Over $60M In Address Poisoning Scam

Cryptocurrency users are facing significant losses due to address poisoning scams, where attackers send tiny "dust" transactions from lookalike addresses. When users copy what appears to be a familiar address, they instead send funds to a fraudulent account. In January, one victim lost $12.25 million, following a $50 million loss in December. Additionally, signature phishing is rising sharply, with $6.27 million stolen from 4,741 victims in January—a 207% increase from the previous month. These scams trick users into approving malicious smart contracts. Analysts report approximately 270 million poisoning attempts across Ethereum and Binance Smart Chain, targeting 17 million addresses. Over 6,633 confirmed theft cases have resulted in more than $83.8 million in losses. The Fusaka upgrade on Ethereum, which reduced transaction fees, has made it cheaper for scammers to execute these attacks. Stablecoins like DAI are often used to move illicit funds due to a lack of cooperation with freezing mechanisms.

bitcoinist02/09 11:12

Crypto Alert: 2 Victims Lose Over $60M In Address Poisoning Scam

bitcoinist02/09 11:12

Ethereum supply falls to 2016 levels – Is ETH’s market unstable?

Ethereum's supply on exchanges has dropped to levels last seen in 2016, with only around 16 million ETH available, raising concerns about market instability. This liquidity decline coincides with high-profile losses, such as Trend Research's $750 million loss from unwinding a $2.6 billion leveraged long position. Despite the sell-off, some entities like Bitmine and the Infini exploiter have bought significant amounts of ETH. Currently trading at $2,077, ETH is down 37% from recent highs, with bearish momentum dominating and elevated selling volume. The thin liquidity could lead to aggressive price movements if large flows continue.

ambcrypto02/09 09:02

Ethereum supply falls to 2016 levels – Is ETH’s market unstable?

ambcrypto02/09 09:02

Strategy shrugs off Q4 loss: ‘Bitcoin must hit $8K to force a sale’

Strategy CEO Phong Le dismissed concerns over the firm's $17.4 billion Q4 2025 GAAP loss, stating it does not reflect a true cash loss. He emphasized that the company would only face issues if Bitcoin fell to $8,000 and remained there for an extended period. Le also highlighted a $2.52 billion cash reserve to support operations and dividend payments, countering criticism about leverage and fraud allegations from Bitcoin skeptic Peter Schiff. Despite Bitcoin's decline from $126K to $87K in Q4, treasury firms—including Strategy, which holds 713.5K of the total 813K BTC among peers—did not sell during the downturn. A recent rebound in BTC price led to a 26% surge in MSTR stock, illustrating its amplified exposure to Bitcoin.

ambcrypto02/07 11:02

Strategy shrugs off Q4 loss: ‘Bitcoin must hit $8K to force a sale’

ambcrypto02/07 11:02

Quarterly Loss of $12.4 Billion: Why Can’t It Stop Strategy from Frantically Buying Bitcoin?

MicroStrategy (now Strategy) reported a staggering net loss of $12.4 billion in Q4 2025, primarily due to the adoption of a new fair value accounting standard that required marking its holdings to market amid Bitcoin’s sharp decline to around $65,000. Despite the loss, the company aggressively expanded its Bitcoin position, purchasing an additional 41,002 BTC in January 2026, bringing its total holdings to 713,502 BTC — approximately 3.4% of Bitcoin’s total supply — with an average cost of $76,052 per coin. The firm’s core software business, though profitable with $123 million in Q4 revenue, was overshadowed by its Bitcoin-centric strategy. Strategy raised over $25.3 billion in capital during 2025, leveraging financial instruments to amplify its Bitcoin exposure. It maintains $2.25 billion in cash reserves to cover dividends and interest for 2.5 years. CEO Phong Le acknowledged risks, stating that if Bitcoin fell to $8,000, the company might need to restructure debt rather than sell BTC. The firm’s "Bitcoin flywheel" model relies on continuous capital raising and BTC appreciation, but compressed mNAV (1.07) and high-yield preferred shares (STRC, 11.25% dividend) reflect market skepticism. A prolonged downturn could trigger a negative feedback loop: falling BTC value → reduced ability to raise capital → potential forced BTC sales. Executive Chairman Michael Saylor emphasized long-term optimism, citing supportive U.S. policy and institutional adoption, while downplaying quantum computing risks as a decade away. Strategy remains a high-risk, high-reward bet on Bitcoin’s future.

比推02/06 14:44

Quarterly Loss of $12.4 Billion: Why Can’t It Stop Strategy from Frantically Buying Bitcoin?

比推02/06 14:44

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