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.

Bitcoin Strength Draws Out Sellers As Long-Term Holders Start Taking Profits

Bitcoin's recent price strength is triggering a shift in investor behavior, with long-term holders (LTHs) beginning to distribute their coins. According to an on-chain analysis, this 30-day rise in LTH selling is one of the largest in the past five years and resembles late-cycle profit-taking often seen near market tops, not bottoms. These investors are selling into price strength, locking in substantial profits. Conversely, large investors, or "whales," have resumed accumulation, purchasing over 54,000 BTC worth $4.66 billion in the past week. This marks the fastest recorded weekly accumulation pace since 2012. This whale activity could potentially set the stage for a short-term price bounce. At the time of writing, Bitcoin's price was hovering around $86,800.

bitcoinist12/17 20:33

Bitcoin Strength Draws Out Sellers As Long-Term Holders Start Taking Profits

bitcoinist12/17 20:33

Trapped Under Overhead Supply

Bitcoin remains structurally fragile, trading between $85.6k and $92.9k, with significant overhead supply capping gains between $93k–$120k. The market faces the highest level of loss-bearing supply this cycle (6.7M BTC), increasing the risk of further downside. Loss Sellers are emerging, adding sell pressure. Spot demand is inconsistent, corporate treasury flows are episodic, and futures markets show muted risk appetite. Options activity indicates range-bound trading with compressed near-term volatility and significant gamma exposure around late-December expiries. Key support lies at the True Market Mean ($81.3k); a sustained breakout requires reclaiming $101.5k (STH cost basis) or a surge in demand to absorb overhead supply.

insights.glassnode12/17 17:58

Trapped Under Overhead Supply

insights.glassnode12/17 17:58

Computer Scientist Hal Finney Predicted Bitcoin in 1993 — Has Crypto Finally Found Satoshi Nakamoto?

Computer scientist Hal Finney, who later became the first recipient of bitcoin, wrote a 1993 article predicting the rise of cryptocurrency. The article, now going viral, described a vision of "electronic cash" that would enable private transactions similar to physical cash, anticipating key concepts behind Bitcoin over a decade before its 2009 launch. Finney warned that digital money could increase financial surveillance if poorly designed, emphasizing the need for cryptographic privacy—a core principle of Bitcoin. His early involvement and technical expertise have reignited speculation that he may have been Bitcoin's pseudonymous creator, Satoshi Nakamoto. Supporters point to his cryptographic background, proximity to another Dorian Nakamoto, the timing of his ALS illness coinciding with Satoshi's disappearance, and the fact that his early-mined bitcoins remain unspent. However, the claims remain speculative, as Finney consistently denied being Satoshi.

ccn.com12/17 16:37

Computer Scientist Hal Finney Predicted Bitcoin in 1993 — Has Crypto Finally Found Satoshi Nakamoto?

ccn.com12/17 16:37

Mapping Bitcoin’s year-end slowdown as leverage exits the market

Bitcoin's market activity is slowing down significantly toward the end of the year, with Open Interest dropping nearly 50% from recent highs—representing over $30 billion in closed leveraged positions. Trading volumes have also declined, with CEX volume falling to around $191 billion and ETF activity dropping to approximately $39 billion. Despite holding relatively steady around $86,400, Bitcoin's price is below key moving averages, and indicators like RSI and OBV reflect weak buying pressure and thinning participation. This cautious, defensive stance is typical of year-end behavior as institutional investors reduce risk, unwind positions, and await new catalysts.

ambcrypto12/17 16:03

Mapping Bitcoin’s year-end slowdown as leverage exits the market

ambcrypto12/17 16:03

Bitcoin tags $90K as crypto market spike liquidates $120M shorts

Bitcoin (BTC) surged back to $90,000 during Wednesday’s Wall Street open, erasing recent losses and liquidating over $120 million in short positions. Analysts noted that liquidity dynamics continue to drive short-term price action, with a key breakout above $88,000 potentially pushing BTC toward $93,000–94,000. However, some traders warned of a possible breakdown below the 100-week moving average support near $85,000, with bearish targets as low as $76,000. Despite the bounce, uncertainty remains, with some viewing the move as a temporary squeeze rather than a sustained recovery.

cointelegraph12/17 15:58

Bitcoin tags $90K as crypto market spike liquidates $120M shorts

cointelegraph12/17 15:58

Strategy Scoops Up 10,000 BTC in a Single Week: Is Market Supply Running Low?

In a significant market move, investment firm Strategy purchased over 10,000 BTC (worth approximately $900 million) in a single week, reinforcing its position as one of the world’s largest Bitcoin holders with a total of 671,000 BTC valued at over $50 billion. This aggressive accumulation has raised questions about Bitcoin’s actual available supply. Although 19.96 million BTC (95% of the total 21 million cap) have been mined, the truly liquid supply is far smaller. An estimated 30% of Bitcoin is held long-term without movement, and around 20% is likely permanently lost. Additionally, exchange reserves have dropped to multi-year lows, reducing immediately tradable supply. Key institutional players include 153 companies with non-zero BTC balances—29 of which are public firms holding 1.082 million BTC. Strategy alone accounts for 671,000 BTC (62% of corporate holdings). Bitcoin ETFs hold about 1.311 million BTC, led by BlackRock, Fidelity, and Grayscale. Governments hold approximately 615,000 BTC, with the U.S. and China as top holders. Around 3.409 million BTC haven’t moved in over a decade, with at least 2.14 million considered permanently inaccessible due to lost keys—including an estimated 1 million BTC possibly owned by Satoshi Nakamoto. With rising institutional demand and shrinking liquid supply, the market is experiencing structural tightening, potentially driving future price dynamics as available BTC becomes scarcer.

比推12/17 15:15

Strategy Scoops Up 10,000 BTC in a Single Week: Is Market Supply Running Low?

比推12/17 15:15

Saylor Says Lost Bitcoin May Need To Be Frozen As Quantum Risk Rises

Michael Saylor argues that the rise of quantum computing will ultimately strengthen Bitcoin by forcing a network upgrade to quantum-resistant cryptography. In this scenario, actively managed coins would migrate to new, secure outputs, while lost or abandoned coins would be permanently frozen, reducing the overall circulation and increasing scarcity. This proposal ignited a debate within the Bitcoin community. Proponents, like Jameson Lopp, view it as a necessary defense to prevent quantum theft and protect the currency's value. However, critics argue that nodes have no right to freeze another person's bitcoin and that distinguishing between lost and simply old coins is a social and political impossibility, risking a contentious chain split. The discussion highlights the immense technical and governance challenges ahead, far more than the current quantum threat itself.

bitcoinist12/17 14:32

Saylor Says Lost Bitcoin May Need To Be Frozen As Quantum Risk Rises

bitcoinist12/17 14:32

Strategy Scoops Up 10,000 BTC in a Single Week: How Much is Left to Buy on the Market?

In the past week, the publicly traded company MicroStrategy (referred to as "Strategy" in the text) purchased over 10,000 BTC, valued at more than $900 million, reinforcing its position as one of the world's largest institutional Bitcoin holders with a total of 671,000 BTC worth over $50 billion. This aggressive accumulation occurs despite a declining Bitcoin price and the company's mNAV falling below 1. This buying spree raises a critical question: how much Bitcoin is truly available for purchase on the market? While 19.96 million BTC have been mined (95% of the total 21 million cap), the actual liquid supply is far smaller. An estimated 30% of Bitcoin is considered "dormant," and around 20% is presumed permanently lost. Furthermore, institutional holdings from corporations, ETFs, and national funds are rapidly absorbing available supply, withdrawing it from active circulation. Exchange balances have also plummeted to multi-year lows, standing at approximately 2.49 million BTC, indicating a sharp contraction in immediately sellable "float." Key data points on illiquid supply: * Long-term holders control ~14.35 million BTC (over 70% of supply). * 153 corporations hold Bitcoin, with 29 public companies holding 108.2K BTC. MicroStrategy alone holds 671K BTC, 62% of the corporate total. * Spot Bitcoin ETFs hold ~1.31 million BTC. * National governments hold ~615,000 BTC. * An estimated 2.14 million BTC (including ~1.08 million from 2009) are likely permanently lost due to lost private keys. The combination of massive institutional demand and a structurally shrinking liquid supply is creating a scenario of increasing scarcity, potentially signaling a major shift in market dynamics.

marsbit12/17 13:36

Strategy Scoops Up 10,000 BTC in a Single Week: How Much is Left to Buy on the Market?

marsbit12/17 13:36

Strategy Scoops Up 10,000 BTC in a Single Week: How Much Is Left to Buy on the Market?

Strategy, a major long-term Bitcoin holder, has significantly increased its BTC holdings by over 10,000 BTC (worth $900 million) in a single week, despite a declining market and its mNAV falling below 1. This brings its total holdings to approximately 671,000 BTC, valued at over $50 billion, reinforcing its position as one of the world's largest institutional Bitcoin holders. This aggressive accumulation raises questions about the actual available supply of Bitcoin on the market. While 19.96 million BTC have been mined (95% of the total 21 million cap), the truly liquid supply is far smaller. An estimated 30% of Bitcoin is held long-term in "dormant" wallets, and around 20% is presumed permanently lost. Furthermore, institutional ownership from public companies, ETFs, and national funds is rapidly growing, and exchange balances have hit multi-year lows, indicating a shrinking pool of immediately sellable "float." Key data points on illiquid supply: - Long-term holders possess ~14.35 million BTC (over 70% of circulating supply). - 153 corporations hold BTC, with 29 public companies accounting for 1.082 million BTC. Strategy alone holds 671,000 BTC, representing 62% of that corporate total. - Spot Bitcoin ETFs hold ~1.311 million BTC, led by BlackRock (777,000 BTC) and Fidelity (202,000 BTC). - Governments hold ~615,000 BTC, with the U.S. (325,000 BTC) and China (190,000 BTC, per Glassnode) as the largest holders. - ~3.409 million BTC haven't moved in over a decade, with at least ~2.14 million BTC (including ~1 million attributed to Satoshi Nakamoto) considered permanently lost. With only ~2.49 million BTC left on exchanges (a multi-year low), the report concludes that the available supply is structurally shrinking as institutional buying pressure intensifies and long-term holders continue to accumulate, potentially leading to a significant shift in market dynamics.

Odaily星球日报12/17 13:25

Strategy Scoops Up 10,000 BTC in a Single Week: How Much Is Left to Buy on the Market?

Odaily星球日报12/17 13:25

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