Bitcoin

Bitdeer Says Bitcoin Liquidation “Not A Concern” For Broader Market

Bitcoin mining firm Bitdeer has liquidated its entire weekly Bitcoin output of 189.8 BTC, reducing its treasury holdings to zero. The company defended the move, stating it should not concern the broader market, and explained the decision is part of a strategy to prepare liquidity for potential land acquisitions, likely linked to its recent expansion into AI infrastructure. Despite the sell-off, Bitdeer emphasized its commitment to growing its hash rate and continuing Bitcoin mining. This trend is not isolated, as other major miners like Cango and Bitfarms have also been pivoting toward AI and high-performance computing ventures. Meanwhile, Bitcoin's price experienced volatility, dropping to around $64,300 before recovering to approximately $66,100.

bitcoinist02/23 17:44

Bitcoin Needs Only 2 Steps To Become Quantum-Resistant, Core Dev Says

Bitcoin core developer Matt Corallo refutes claims that developers are ignoring quantum threats, proposing a two-step roadmap for quantum resistance. First, enable post-quantum key commitments using hash-based signatures, a step with growing consensus. Second, decide later when to disable vulnerable legacy spend paths, a more politically challenging move. Corallo argues most wallets already have quantum-safe features at the derivation layer, reducing migration complexity. He emphasizes ongoing work is active, citing research at Blockstream and Chaincode Labs, and disputes the narrative that quantum risk is being neglected. The goal is a low-cost upgrade path that prepares Bitcoin without immediate fee increases.

bitcoinist02/23 17:02

Will 61% reduction in loss intensity save Bitcoin? THESE 2 metrics say…

Bitcoin's recent market stress shows signs of moderation, with a 61% reduction in the intensity of realized losses over 17 days, as measured by the 7D-EMA metric. This indicates reduced panic and a gradual cooling of selling pressure. However, the market remains fragile. While short-term holder selling has eased, large whale cohorts still hold significant unrealized losses—approximately $26 billion—creating ongoing risk. Additionally, derivatives markets show stress with negative funding rates and increased liquidations. Overall, Bitcoin’s stability hinges on the conviction of these underwater holders rather than a full return to profit-driven accumulation.

ambcrypto02/23 15:02

Susquehanna International Confirms Long-Term BTC Strategy Through GBTC and ETF Holdings

Susquehanna International Group (SIG) has disclosed that its Bitcoin ETF holdings have surpassed $1.3 billion, with Grayscale Bitcoin Trust (GBTC) as the core position valued at over $1.09 billion. The firm has also diversified its investments across 10 other spot Bitcoin ETFs, using quantitative models to assess liquidity, trading volume, and fees. SIG emphasized that this reflects a long-term conviction in Bitcoin as a store of value, rather than short-term trading. Despite recent outflows in U.S. Bitcoin ETFs, the firm's strategy signals confidence in Bitcoin's enduring role. Meanwhile, Bitcoin's price fell over 3% to $66,211, with a significant increase in trading volume amid ongoing market volatility.

TheNewsCrypto02/23 13:44

Bitcoin: As $65K floor faces mounting pressure, is $60K BTC’s next stop?

Bitcoin (BTC) experienced significant volatility, dropping 5.08% to $64,290 on February 22, leading to $206 million in long liquidations. Analysts highlight the critical $65,000 support level, warning that a break below could push BTC toward $60,000 in the coming weeks. Key metrics indicate sustained selling pressure: positive exchange netflows, a negative Coinbase Premium Index reflecting U.S. investor selling, and a high whale inflow ratio. While short-term traders may maintain a bearish bias, a move above $70,000 could signal exhaustion of the current downtrend.

ambcrypto02/23 13:02

Bitdeer Liquidates BTC to Evaluate Opportunities

Bitdeer, a Bitcoin mining company, has liquidated all of its self-owned Bitcoin tokens, bringing its treasury balance to 0 BTC. The company clarified that this move is not indicative of broader market sentiment but is instead a strategic decision to evaluate non-binding land acquisition opportunities. The liquidation occurred over the weekend, a period of all-time low mining profits. Despite selling its holdings, Bitdeer confirmed that its hash rate will continue to grow and it will continue mining for shareholders' benefit. This development comes amid a broader market downturn, with over $233 million in Bitcoin liquidations in the last 24 hours and BTC's price falling nearly 3% to approximately $66,165. Community reactions are mixed, with some speculating the move is due to market uncertainty, while others see it as a normal trading activity.

TheNewsCrypto02/23 12:42

‘Gold is up $50, Bitcoin is down 4%’ – Peter Schiff highlights the rift between crypto and TradFi

Amid global economic uncertainty, a stark divergence emerged between traditional safe-haven assets and cryptocurrencies. Gold and silver reached record highs, with gold surpassing $5,175 and silver exceeding $87. In contrast, Bitcoin fell over 5%, dropping below the key $65,000 support level. Economist Peter Schiff highlighted this growing rift, arguing Bitcoin failed to act as a reliable store of value during market stress. The Bitcoin-to-gold ratio has declined sharply, with one BTC now buying only 13 ounces of gold compared to 38 ounces in late 2024—a more than 62% drop in purchasing power. Similarly, Bitcoin’s value against silver has fallen over 70% since mid-2025. While some analysts see the current low ratio as a buying opportunity, the trend shows investors are favoring precious metals over crypto. For Bitcoin to reclaim its safe-haven status, it must demonstrate stability rather than behave like a high-risk tech stock.

ambcrypto02/23 09:02

Bitwise Invest CIO Matt Hougan Defends Bitcoin with a Comparison to Gold

Matt Hougan, Chief Investment Officer of Bitwise, has defended Bitcoin against criticism that labels it a purely speculative asset. He argues that Bitcoin is an emerging store of value, comparing its current developmental stage to a "teenage" phase, which is a necessary part of its maturation process. Hougan emphasizes that all assets, including gold, undergo a transition from high speculation to established value. His comments were in response to assertions by Tom Essaye, shared by Nate Geraci, that Bitcoin lacks the utility of gold and is not a reliable inflation hedge. Hougan previously drew parallels between Bitcoin and gold, noting that new stores of value typically experience high initial volatility and rapid appreciation before stabilizing. This defense comes amid significant price volatility and declining value in Bitcoin.

TheNewsCrypto02/23 08:20

Saylor Signals Strategy’s Potential 100th Bitcoin Buy as BTC Slips Below $65K

TheNewsCrypto02/23 07:19

Bitcoin: Retail exits as whales deposit $43B – THIS zone is now a ‘buy’ corridor

Bitcoin's market liquidity is undergoing a significant structural shift as retail participation declines and large investors increase their influence. Retail inflows have dropped to multi-year lows, with monthly Shrimp Inflows falling to just 384 BTC, reducing reactive sell pressure. Meanwhile, whale activity has intensified, with monthly stablecoin inflows to Binance surging from $27 billion to $43 billion. This capital deployment accelerated as Bitcoin tested the $60,000 support level, coinciding with heightened realized losses, indicating opportunistic buying rather than defensive moves. The concentration of nearly $47.5 billion in stablecoin reserves on Binance suggests whales are controlling near-term liquidity, deepening buy-side market depth and turning the $60,000 zone into a potential accumulation corridor.

ambcrypto02/22 17:03