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.

Has Bitcoin bottomed? Why $60K may not be BTC’s floor

The article questions whether Bitcoin has reached its bottom after a 4% intraday bounce from the $60K level. While technical indicators like an oversold RSI suggest a potential local bottom, on-chain metrics and market sentiment remain unconvinced. Over 9.3 million BTC are held at a loss—the highest since January 2023—and the price has fallen below the mining electrical cost of $77K, increasing capitulation risks. Historical patterns suggest Bitcoin could still drop to $38K, a 70% decline from its $126K ATH. Macro supply-demand imbalances and a lack of strong institutional demand indicate that the $60K support may not hold, with a move toward $50K possible.

ambcrypto02/06 09:02

Has Bitcoin bottomed? Why $60K may not be BTC’s floor

ambcrypto02/06 09:02

Bitcoin Teeters on Edge: Will $60K Hold or Is a V-Shape Recovery Imminent? $HYPER Keeps Pumping

Bitcoin is currently testing the critical $60,000 support level, a key psychological and technical threshold. A successful defense of this level could lead to a rebound toward $72,000, while a breakdown might trigger a decline to $52,000. Market sentiment is cautious due to reduced spot ETF inflows and macroeconomic uncertainty regarding Federal Reserve policy. Despite short-term selling pressure from speculators, long-term holders are not distributing coins, suggesting underlying strength. Amid Bitcoin’s consolidation, attention is shifting toward emerging infrastructure projects like Bitcoin Hyper ($HYPER), a Bitcoin Layer 2 solution integrating Solana Virtual Machine (SVM) for high-speed smart contracts. Having raised over $31 million in its presale, Bitcoin Hyper aims to enhance Bitcoin’s scalability and utility, attracting significant investor interest. However, it carries risks typical of early-stage tokens, including regulatory and execution uncertainties. The broader market awaits Bitcoin’s next move, which could determine short-term directional momentum.

bitcoinist02/06 08:56

Bitcoin Teeters on Edge: Will $60K Hold or Is a V-Shape Recovery Imminent? $HYPER Keeps Pumping

bitcoinist02/06 08:56

Bitcoin Panic Selling Accelerates While Long-Term Holders Stay Inactive – Details

Bitcoin is struggling to establish a clear support level near $70,000 amid persistent selling pressure and weakening sentiment. On-chain data indicates a significant surge in exchange inflows, with nearly 60,000 BTC moved in 24 hours—the largest daily amount this year. This selling is primarily driven by short-term holders realizing losses, suggesting capitulation phase where recent buyers exit under pressure. Meanwhile, long-term holders remain inactive and are not distributing coins. Such conditions often precede either a relief bounce, prolonged consolidation, or further decline. A confirmed bottom would require stabilized sentiment, reduced exchange inflows, and renewed accumulation signals, none of which are currently evident.

bitcoinist02/06 08:50

Bitcoin Panic Selling Accelerates While Long-Term Holders Stay Inactive – Details

bitcoinist02/06 08:50

The Culprit Behind Bitcoin's Plunge on Thursday: Massive IBIT-Related Leveraged Options Forced to Liquidate?

Bitcoin experienced a sharp decline on Thursday, with BlackRock's spot Bitcoin ETF (IBIT) hitting a record trading volume of over 284 million shares, valued at more than $10 billion—a 169% increase from the previous record. IBIT’s price fell 13% to around $36, its lowest since October 2024. Market analysts suggest the sell-off may have been triggered by the forced liquidation of highly leveraged IBIT options positions held by one or more non-crypto hedge funds. Redemptions from IBIT reached $175 million, accounting for 40% of the total net outflows from Bitcoin ETFs that day. Put option premiums surged over 25 volatility points above calls, indicating extreme fear. Parker White, CIO of DeFi Dev Corp, speculated that large leveraged positions, combined with broader market stress including silver sell-offs and unwinding yen carry trades, likely exacerbated the losses. While such extreme volume and price action often signal capitulation, it remains uncertain whether the market bottom has been reached. Full details of the institutional positions involved may not be clear until mid-May due to delayed regulatory disclosures.

华尔街日报02/06 08:16

The Culprit Behind Bitcoin's Plunge on Thursday: Massive IBIT-Related Leveraged Options Forced to Liquidate?

华尔街日报02/06 08:16

Strategy Now Holds 713,502 Bitcoin — Is MSTR Too Big To Fail as BTC Price Slides

Strategy, formerly MicroStrategy, reported significant losses in its Q4 2025 earnings, with an operating loss of $17.4 billion and a net loss of $12.6 billion, largely due to its massive Bitcoin holdings. The company holds 713,502 BTC, purchased at an average price of $76,052 per Bitcoin. With Bitcoin's price decline, the company faces billions in unrealized losses. Despite this, Strategy continues to buy more Bitcoin and shows no intention of selling. Public pension funds, which invested in MSTR as a Bitcoin proxy, are also facing mounting losses, raising concerns about fiduciary risks. The stock fell sharply after the report.

ccn.com02/06 08:02

Strategy Now Holds 713,502 Bitcoin — Is MSTR Too Big To Fail as BTC Price Slides

ccn.com02/06 08:02

Mass Liquidations Continue: $860M Lost as Bitcoin and Ethereum Break Key Levels

A fresh wave of selling has pushed Bitcoin and Ethereum below key support, triggering $860 million in liquidations within 24 hours. Bitcoin fell toward $70,000, breaking below its 365-day moving average and accelerating its downward trend. U.S. spot Bitcoin ETFs have seen net outflows, removing a key source of demand. Ethereum also declined, testing the $2,100 level and seeing over $200 million in liquidations. Large holders are deleveraging, increasing the risk of further forced selling. The broader market followed, with major altcoins down 6-11%. Market sentiment has turned to "extreme fear," with traders watching key levels to see if the sell-off deepens.

bitcoinist02/06 07:40

Mass Liquidations Continue: $860M Lost as Bitcoin and Ethereum Break Key Levels

bitcoinist02/06 07:40

Governments Will Try to Buy 1 Million Bitcoin Each Within 3 Years: Pantera CEO

Pantera Capital CEO Dan Morehead predicts a "global arms race" for Bitcoin within the next 2-3 years, as countries rethink reserve strategies in a fractured geopolitical environment. He expects 3-4 sovereign entities to each attempt acquiring 1 million BTC, driven by nations seeking assets immune to U.S. pressure. Despite 2025's unexpected 9% decline, Morehead remains structurally bullish, citing Bitcoin's cyclical nature, fixed supply amid monetary debasement, and institutional under-ownership. He argues fiat debasement makes scarce assets like Bitcoin attractive long-term and expects it to "massively outperform gold" over a decade. BTC traded at $69,418 at press time.

bitcoinist02/06 03:01

Governments Will Try to Buy 1 Million Bitcoin Each Within 3 Years: Pantera CEO

bitcoinist02/06 03:01

Strategy's 'Death Spiral': Bitcoin Falls Below Cost Line, Hundred-Billion Leverage Empire Faces Liquidation

Amid Bitcoin's sharp decline below the critical $63,000 support level, MicroStrategy (MSTR) faces severe financial strain. The company reported a Q4 net loss of $12.4 billion, driven by a $17.4 billion unrealized loss from its Bitcoin holdings, now valued at $46 billion with an average cost of $76,052 per Bitcoin—marking the first time its holdings have fallen below cost basis. CEO Michael Saylor acknowledged that selling Bitcoin is an option, despite publicly advocating "HODL." The firm’s highly leveraged strategy, funded through convertible debt, is under pressure as its stock price has dropped nearly 80% from its 2024 peak. With $8.2 billion in convertible debt maturing between 2027–2028, concerns over liquidity and potential default are rising. If Bitcoin falls 90%, Saylor admitted the company may need debt restructuring. While Saylor remains optimistic about regulatory support and dismisses quantum computing risks, critics like Michael Burry warn of a potential "death spiral" for leveraged Bitcoin holders. The company expects no profits in the near future.

marsbit02/06 02:54

Strategy's 'Death Spiral': Bitcoin Falls Below Cost Line, Hundred-Billion Leverage Empire Faces Liquidation

marsbit02/06 02:54

‘Big Short’ Investor Michael Burry Issues Warning As Bitcoin Crashes Toward $65,000

Michael Burry, the investor known for predicting the 2008 financial crisis, has issued a warning that Bitcoin's decline toward $65,000 could evolve into a "death spiral." He cautions that a further 10% drop would leave major corporate holders like MicroStrategy billions underwater and shut out of capital markets. Burry argues there is no organic use case to stop the descent, and corporate adoption or crypto ETFs do not provide a permanent price floor. He also warns that continued declines could spill into other markets, with liquidations in crypto distorting tokenized and physical metals markets. A drop to $50,000 could bankrupt Bitcoin miners and cause tokenized metals futures to collapse with no buyers.

bitcoinist02/05 23:02

‘Big Short’ Investor Michael Burry Issues Warning As Bitcoin Crashes Toward $65,000

bitcoinist02/05 23:02

$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

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