Bitcoin

$40B erased in 4 months: Is Strategy’s Bitcoin bet backfiring?

Michael Saylor's company, MicroStrategy, is facing significant pressure as its substantial Bitcoin bet has led to over $3.5 billion in unrealized losses, with nearly $40 billion erased from its crypto portfolio in just four months. This downturn is directly tied to Bitcoin's recent crash, where its price fell 19% in a week, also causing MicroStrategy's stock to decline. The company remains the largest corporate holder of Bitcoin with 713,502 BTC. Other firms that adopted a similar strategy, such as MARA Holdings, Metaplanet, and Riot Platforms, are also experiencing sharp stock declines. Widespread negative market sentiment, indicated by the Crypto Fear and Greed Index hitting "extreme fear," has prompted criticism from notable figures like Michael Burry and Peter Schiff, who question the long-term viability of this high-risk strategy. The situation is now an industry-wide stress test for crypto-linked corporations.

ambcrypto02/05 22:07

DDC Extends Its Bitcoin Accumulation Streak: The $LIQUID Presale Brings Smoother Cross-Chain Actions

DDC continues its Bitcoin accumulation strategy, purchasing an additional 105 BTC, signaling a corporate shift toward treating Bitcoin as a treasury asset rather than speculative investment. This institutional buying reduces liquid supply, potentially causing a supply shock and price appreciation. However, it also creates liquidity fragmentation, making it difficult to use Bitcoin on high-performance chains like Ethereum or Solana. LiquidChain ($LIQUID), a Layer 3 protocol, aims to solve this by unifying liquidity from major blockchains into a single execution environment. Its architecture allows developers to build applications that access users and assets across chains simultaneously, enabling seamless cross-chain actions like using Bitcoin collateral on a Solana DEX. The project's presale has raised over $527K, with the $LIQUID token priced at $0.01355, attracting investors betting on infrastructure that abstracts away blockchain complexity for users.

bitcoinist02/05 17:16

Why Bitcoin traders remain long despite $317M in daily BTC losses

Despite Bitcoin [BTC] experiencing intensified selling pressure with daily realized losses widening to a 3-day SMA of -$317 million, traders continue to hold long positions. This reflects exits from distressed holders and narrowing profit-taking opportunities, forcing newer entrants to sell at a loss. The current situation mirrors December 2022, when similar loss levels led to forced selling and weak hands exiting under tight liquidity, followed by gradual price stabilization. Capitulation is deepening as realized losses approach cycle extremes, with single-day losses exceeding $5 billion, rivaling late-2022 levels. Losses as a share of market cap are rising, indicating broader value destruction rather than isolated distress. The loss per coin moved is increasing, suggesting coins are being sold at steeper discounts. Despite Bitcoin's price weakness, long positioning is building, with the Long/Short Ratio often exceeding 2.5–3.0, highlighting traders' overweight bias on BTC for perceived safety. However, this leverage concentration increases systemic liquidation risk, as modest drawdowns could trigger cascading long squeezes. Traders remain heavily invested and at risk of further losses, reflecting a denial of broader downside risk amid an active downtrend.

ambcrypto02/05 17:02

$9 Billion Bitcoin Dump Sparks Talk, But Galaxy Digital Dismisses Quantum Link

Galaxy Digital has denied rumors that a $9 billion Bitcoin block trade it executed for a wealthy client was motivated by fears of quantum computing. Despite market speculation linking the massive sell-off to concerns over Bitcoin's quantum resistance, the firm's head of research, Alex Thorn, clarified that the trade was not driven by such technological anxieties. The transaction coincided with Bitcoin's brief dip below $75,000, amplifying rumors. However, experts, including Alex Thorn, Adam Back, and Vitalik Buterin, have dismissed near-term quantum threats, noting that such risks are likely decades away and that crypto ecosystems have time to adapt. The discussion around BIP-360, a post-quantum signature proposal, reflects proactive planning rather than panic. Galaxy’s significant quarterly earnings report, showing substantial losses, further fueled speculation, but the company insists the quantum narrative is a post-hoc explanation in a nervous market.

bitcoinist02/05 16:03

Bitcoin sinks to 2021 levels as selloff deepens below $70,000

Bitcoin's selloff intensified on 5 February, with prices falling below $70,000 to levels last seen in late 2021. At the time of writing, BTC was trading around $67,400, down over 7.5% on the day. The decline followed a breakdown below the key $72,000 support level, accompanied by surging volume indicating forced selling. On-chain data reveals large holders, such as World Liberty Fi, reduced exposure by selling WBTC worth approximately $5.04 million. The Net Unrealized Profit/Loss (NUPL) metric is weakening toward negative territory, signaling growing market stress and potential further distribution. A failure to reclaim the $70,000–$72,000 zone could lead to additional downside, while any rally may face resistance from overhead supply.

ambcrypto02/05 15:56

Buterin Bites Back At ‘Copy-Paste’ $ETH Clones: $HYPER Presale The Solution That’s Needed?

bitcoinist02/05 15:02

Bitcoin prices fall: Will 2026 mirror BTC’s 2022 bear market?

Bitcoin's 2026 market is showing signs of a potential bear market similar to 2022, but with key differences. According to analysis, this post-halving cycle is the weakest on record, with a -6.3% ROI in 2025, starkly underperforming previous cycles. The rise of ETFs has dampened scarcity-led rallies, with institutional outflows capping upside potential. Unlike the 2018 and 2022 bear markets that followed massive rallies, the current 20% price drop is driven by loss realization rather than a post-euphoria correction. On-chain data, including UTXOs in Loss and negative Net Realized Profit/Loss, mirrors stress levels last seen in 2022, reinforcing the view that 2026 could be the softest post-halving bear market yet.

ambcrypto02/05 15:01

Bitcoin Treasuries An ‘Explosion Waiting To Happen,’ Capriole Founder Warns

Capriole Investments founder Charles Edwards warns that the rapid growth of Bitcoin Digital Asset Treasury (DAT) companies—now numbering 200—is a "leverage explosion waiting to happen." Comparing DATs to the 1920s investment trust bubble, Edwards notes these firms, which hold 12% of all Bitcoin, face unsustainable model for yield on a fixed-supply asset. With many having bought at bull market prices, recent downturns have pressured their holdings. Edwards cautions that an unwind could dwarf the collapses of Luna and FTX. Bitcoin is trading around $74,500, down 16% over the past week.

bitcoinist02/05 14:41

Trilemma Troubles No More: $HYPER Solves Problems of Old; Bitcoin Eyes $120K

Bitcoin ($BTC) is consolidating near the $75K resistance, with a bullish outlook driven by institutional ETF inflows and a favorable macro environment. Technical analysis suggests a potential breakout toward $120K if key resistance levels are breached, though a failure to hold support could trigger a correction. However, Bitcoin faces scalability challenges due to the Blockchain Trilemma. This has increased interest in infrastructure solutions like Bitcoin Hyper ($HYPER), a Bitcoin Layer 2 integrating Solana’s Virtual Machine to enable high-speed, programmable DeFi on Bitcoin. Having raised over $31M, $HYPER is attracting smart money, positioning it as a high-potential scalability solution amid Bitcoin bull market dynamics.

bitcoinist02/05 14:29

Breaking Below the $70,000 Mark! Bitcoin Falls to Lowest Level Since Trump's Election Win, Market 'Crisis of Confidence'!

Bitcoin fell below the key psychological level of $70,000 on Thursday, hitting its lowest point in 15 months amid a global risk-asset sell-off. The drop marks a decline of over 44% since its peak last October, with total market capitalization down by $1.7 trillion. Analysts describe the situation as a "crisis of confidence," noting that the breach of $70,000—a level tied to political significance around the U.S. election—could trigger further selling. Over $722 million in long positions were liquidated in 24 hours, reflecting a shift toward risk-off sentiment. Institutional demand has weakened, with Bitcoin ETFs seeing significant outflows after a brief period of inflows. The recent nomination of a hawkish Fed chair has also intensified selling pressure, contributing to Bitcoin’s worst single-day drop since 2018. Market participants warn that if Bitcoin fails to hold support, it could fall toward early-2024 lows.

华尔街日报02/05 12:40