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Bitcoin

Satoshi’s Bitcoin Holdings at Risk? Quantum Computing Advances

by admin September 26, 2025

Bitcoin’s pseudonymous creator, Satoshi Nakamoto, is believed to hold an estimated 1.096 million BTC, according to Arkham data. Satoshi’s wallet, which made all its holdings from mining the network in its earliest days, has remained untouched since 2010, when it was run on a few laptops.

Satoshi accumulated this Bitcoin, mining over 22,000 blocks between 2009 and 2010. He was one of the first few miners of Bitcoin, with block rewards nearing over 50 BTC at the time.

According to Arkham data, Satoshi Nakamoto’s Bitcoin stash is currently worth $119,640,092,296 ($119.64 billion) at a current Bitcoin price of $109,125.

With a current Bitcoin worth of $119.64 billion, Satoshi Nakamoto ranks among the wealthiest individuals on the planet, but none of the BTC has ever been moved.

Satoshi’s Bitcoin holdings’ fate predicted

Satoshi’s Bitcoin holdings, accumulated from early network mining, have been untouched since 2010, but recent concerns about Quantum computing seem to be shifting this narrative.

Satoshi’s coins will be market dumped. In 2-8 years Quantum will break Bitcoin. These are scientifically calculated timelines. We must upgrade Bitcoin NOW. We are running out of time.

What are you doing about it?

Come to my @token2049 talk: 10:45am, Wed 1 Oct!

“Thank you for… pic.twitter.com/b4GR3S4Qjc

— Charles Edwards (@caprioleio) September 26, 2025

In light of this, Capriole Fund Founder Charles Edwards speculates on what the fate of Satoshi coins might be: they could be market dumped.

As quantum computing continues to advance, timelines for when a sufficiently powerful quantum computer could crack modern encryption algorithms are emerging.

Edwards gives this timeline to be 2-8 years (which would be from 2027 to 2033), stating this range to be “scientifically calculated timelines.”

The timeline of when cryptocurrency encryption standards might be cracked by a sufficiently powerful quantum computer is causing debate among blockchain developers, as well as when migration to quantum-resistant cryptography must occur. Edwards indicated that the time to upgrade Bitcoin is now, as it is running out of time.

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September 26, 2025 0 comments

NFT Gaming

Bitcoin Flat as Core US Inflation Holds at 2.9% in August

by admin September 26, 2025

In brief

Bitcoin rebounds slightly to $109,300 after dipping below $109,000 late last night. It’s down 1.5% in 24 hours amid August inflation data showing 2.9% year-over-year increase in core inflation.
Over $970 million in crypto futures contracts liquidated in past day, with $852 million being long positions betting on price increases.
Some 69% of users now predict Bitcoin will fall to $105,000 before reaching $125,000, amid new Trump tariff announcements and Fed uncertainty.

Bitcoin gained slightly as the Bureau of Labor Statistics reported that inflation increased 2.7% year-over-year in August, coming in only a bit hotter than July’s 2.6% reading. Core consumer spending, which excludes volatile food and energy prices, shows that inflation has risen 2.9% compared to the same period last year.

“While this reinforces the Fed’s narrative of gradually easing price pressures, it still leaves policymakers balancing sticky inflation with signs of a softer labor market,” Fabian Dori, chief investment officer at Sygnum Bank, told Decrypt.

“For investors, the implications are twofold: If inflation trends lower, risk assets may find support from confidence in the Fed’s easing cycle; but any upside surprises in coming data could push back short-term rate cut expectations, weighing on equities and boosting the dollar,” he added.

Bitcoin dipped as low as $109,000 in the past 24 hours, but has rebounded slightly to about $109,300 early Friday morning. BTC has fallen 1.5% in the past day and 5.9% over the past week, according to data from crypto price aggregator CoinGecko.

It’s been a tough week for the world’s oldest cryptocurrency. At one point yesterday, more than $1 billion worth of crypto futures contracts had been liquidated over the previous 24 hours, as asset prices broadly fell alongside Bitcoin.

Things were little improved early this morning. In the past 24 hours, $970 million worth of contracts have been forced to close. Of those, $852 million of them were long contracts betting that prices would improve. The largest single liquidated position was a $19.2 million ETH-USDT contract on Singapore-based exchange HTX, according to CoinGlass.

That’s left users on Myriad, a prediction market owned by Decrypt parent company DASTAN, more pessimistic about the direction the Bitcoin price will head next. There’s now 69% of users predicting that BTC will fall to $105,000 before it’s able to break out to $125,000. Two days ago, the bears and bulls had been evenly tied.

That could be in part because of new tariffs President Donald Trump said will go into effect October 1. The new policy, which he announced late Thursday night on Truth Social, adds a 100% duty on branded drugs and 25% on heavy-duty trucks. Trump also said he would implement 50% tariffs on kitchen cabinets and bathroom vanities, and a 30% tariff on upholstered furniture.

Dean Chen, an analyst for crypto derivatives exchange Bitunix, told Decrypt that inflation coming in at its forecasted level helped keep market reactions muted.

“However, the recently announced high tariffs remain an uncertain factor that could deliver one-off inflationary pressure while weighing on growth,” he said. “Overall, capital flows remain cautious, with risk assets under pressure and inflation-hedging sentiment persisting.”

He added that the tariffs will be a key concern for Bitcoin traders.

“Traders should keep leverage strictly controlled, scale into positions gradually, and validate breakouts/fake-outs through capital flows,” Chen added. “For BTC, focus on $108,000 as support and $111,000 as the near-term resistance zone.”

The president has also been using the social media platform, which is majority-owned by the Donald J. Trump Revocable Trust, to antagonize Federal Reserve Chair Jerome Powell.

“If it weren’t for Jerome ‘Too Late’ Powell, we would be at 2% right now, and in the process of balancing our budget,” the president wrote. “The good news is that we’re powering through his incompetence, and we’ll soon be doing, as a country, better than we have ever done before!”

Bitcoin investors pay close attention to consumer spending because it’s the primary inflation gauge for the Federal Open Markets Committee. A surprise in spending data can shift rate expectations and yield curves. When there’s a big shift one way or another, it can set off volatility for equities, fixed income products, foreign exchange rates, and BTC.

Traders have also been looking to public comments from Fed chair for hints on how the FOMC may lean the next time it meets in October.

The CME FedWatch Tool now shows that traders give 87.7% odds to the FOMC approving another 25-basis point cut next month. That’s fallen slightly from 91.9% last week. The CME data skews more optimistic than users on Myriad. Participants in markets predicting how the FOMC will set policy in October show that 68% of users think there’ll be another 25-basis point decrease.

In a speech at the Greater Providence Chamber of Commerce in Rhode Island on Tuesday, Powell sounded less alarmed about tariffs than he did earlier this year.

“The overall economic effects of the significant changes in trade, immigration, fiscal and regulatory policy remain to be seen,” he said. “A reasonable base case is that the tariff-related effects on inflation will be relatively short lived—a one-time shift in the price level.”

Editor’s note: This story was updated to add comments from Sygnum Bank and Bitunix analysts.

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September 26, 2025 0 comments

GameFi Guides

Best Altcoins to Buy After Google Acquires Stake in Bitcoin Mining Company

by admin September 26, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Google is all set to acquire a 5.4% stake in Cipher Mining, a Bitcoin mining company, in exchange for guaranteeing part of the payment in the deal between Fluidstack (an AI-focused data center company) and Cipher Mining.

Fluidstack and Cipher Mining have entered into a 10-year contract worth $3B, under which Fluidstack will lease Cipher Mining’s computing power.
Since this is such a large amount, Google has stepped in to guarantee $1.4B of Fluidstack’s obligation.
In return, Cipher Mining will issue share warrants that give Google a 5.4% ownership stake (24M shares) in the company.

This isn’t the first time Google has done this. Earlier in August, the tech giant acquired a 14% stake in TeraWulf, another Bitcoin mining company, by backstopping $1.8B out of its $3.7B deal with Fluidstack.

Read on as we explore Google’s newfound interest in Bitcoin mining firms, and highlight the best altcoins to buy now – including the likes of Bitcoin Hyper ($HYPER) and Snorter Token ($SNORT) – to make the most of this industry shift.

Bitcoin Miners Moving Towards AI

Google’s foray into Bitcoin mining firms isn’t just a long bet on cryptocurrency but also a calculated investment in artificial intelligence.

Here’s a key correlation to pay attention to: both AI and Bitcoin mining require enormous amounts of raw compute and massive power capacity to operate. Both rely heavily on specialized GPUs and cheap bulk electricity.

Bitcoin miners, having existed for more than a decade, already have access to giant data centers with racks, cooling, and robust power infrastructure.

In contrast, the AI industry has to build this from scratch. This is why many Bitcoin mining firms have been pivoting toward a hybrid revenue model by investing in the high-performance computing (HPC) segment.

CleanSpark recently raised $100M by using Bitcoin as collateral, a portion of which has been reserved for AI infrastructure.
Similarly, Hive Digital has been investing in advanced GPUs to expand its HPC segment.

Google has spotted this pivot, which explains why it has been aggressively acquiring stakes in Bitcoin mining companies.

The financial backing of a tech behemoth like Google is a huge vote of confidence in the long-term sustainability of crypto infrastructure.

By investing in Bitcoin mining firms, Google is strengthening their financial footing, which leads to a more stable crypto economy.

Fresh HPC deals bring new liquidity and credibility to the wider mining and crypto space, transforming miners into mainstream AI-driven compute giants.

All in all, this could be your cue to build a crypto portfolio along these lines. If you’re looking for ideas, here are our top picks for best crypto to buy now.

1. Bitcoin Hyper ($HYPER) – New Bitcoin Layer-2 Bringing Ultra-Fast Speeds, Low Fees & Web3 Support

Investing in Bitcoin’s long-term potential is undoubtedly one of the smartest moves you could make in your crypto investing career.

And to help you do just that – while adding an extra slice of profitability – comes Bitcoin Hyper ($HYPER), a new Bitcoin-themed altcoin currently in presale.

It’s a next-gen Layer-2 solution for Bitcoin that will tackle the network’s age-old issues of slow transactions and high costs.

Unlike Bitcoin’s native chain, which processes transactions one by one, $HYPER will leverage Solana Virtual Machine (SVM) integration to execute thousands of transactions in parallel, provided they’re not interdependent.

The result? Significantly higher throughput and lower costs.

On top of that, the SVM empowers developers to finally build smart contracts and decentralized applications on Bitcoin, bringing a full-fledged Web3 infrastructure to the network.

This includes DeFi trading apps, NFT marketplaces, DAOs and governance, lending, staking, and much more.

One of the most important elements of Hyper’s Web3 environment is its decentralized, non-custodial canonical bridge.

Simply put, it allows you to convert your Layer-1 Bitcoin – which is normally incompatible with Layer-2s – into wrapped Bitcoin that’s fully compatible with Bitcoin Hyper’s Layer-2 network.

Currently in presale, Bitcoin Hyper has already attracted $18.3M from early investors, with each token still priced at just $0.012975. You can also stake it for 64% APY. That said, the next price increase is just hours away. Discover how to buy $HYPER and then get yours at its current early-bird price.

According to our Bitcoin Hyper price prediction, by the way, $HYPER has the potential to go absolutely bonkers once it lists, potentially delivering returns of up to 2,300% by the end of this year alone.

Visit Bitcoin Hyper’s official website to learn more.

2. Snorter Token ($SNORT) – Revolutionary Telegram Trading Bot for Meme Coin Sniping

Like Bitcoin Hyper, Snorter Token ($SNORT) is built to tackle a critical issue in the crypto landscape: the unfair dominance of institutional players in the meme coin trading segment.

Up until now, big-money whales with advanced tools have been able to scoop up nearly all the liquidity in new meme coins, leaving nothing for the average Joe and keeping those monstrous gains for themselves.

Snorter’s game-changing Telegram trading bot, however, will flip the script by letting you place buy and sell limit and stop orders in advance.

Then, its sub-second sniping will automatically execute those trades as soon as liquidity kicks in, finally giving retail traders a shot at playing in the big leagues.

Plus, you won’t have to worry about scammers and hackers troubling you. Snorter will come packed with safeguards against rug pulls, honeypots, common on-chain scams, and even sophisticated sandwich attacks.

The best part about Snorter, though, will be its ease of use. All you’ll have to do to place orders, manage your crypto portfolio, or even enable the bot’s copy-trading function is send simple commands in the familiar Telegram chat.

So even if you’re new to meme coin trading, it’ll feel like a breeze to use.

Buying $SNORT, the bot’s native crypto, gives you access to a host of exclusive benefits, including reduced trading fees of just 0.85% versus the regular 1.5%, staking rewards, no daily sniping limits, and advanced analytics.

The project is currently in presale and has already raised over $4.1M. The good news is you can still buy $SNORT for just $0.1055 apiece and stake it for 115% APY.

The bad news? The Snorter Token presale is in its final stretch and set to end in just 24 days. So, the clock is ticking.

You won’t want to miss out on this one because, according to our Snorter Token price prediction, this new cryptocurrency could hit $0.94 by the end of 2025, potentially delivering a chunky 800% ROI.

Head to the official Snorter Token website and buy your tokens before it’s too late.

3. Dogecoin ($DOGE) – Prominent Meme Coin Prepping for a Fresh Leg Up

Dogecoin ($DOGE) is probably the only meme coin in the market that has moved beyond plain speculation and into the territory of being, for lack of a better word, a blue-chip crypto.

On the technical side, after a sweltering 23,000% rally in early 2021, the token has mostly moved sideways with a few bumps here and there, but nothing of real substance.

That said, the recent ETF announcements and launches – most notably the REX-Osprey DOGE ETF – have injected fresh fuel into the token, and experts believe now could be the best time to buy some $DOGE before it explodes.

According to renowned crypto analyst Ali Martinez, who has 157K+ followers on X, ‘This is a great zone to buy Dogecoin before a bullish breakout to $0.50!’

Martinez highlighted that Dogecoin is currently in an ascending triangle pattern, firmly supported by an upward trend line while aggressively approaching its upper resistance. A breakout here could send the token soaring to new highs.

While he suggests $0.50 as the most realistic target, it’s highly possible that $DOGE could rally further and hit $0.75 on the back of the broader bullish sentiment in the crypto market.

That would be more than a 220% gain from current levels. So even after maturing, Dogecoin is still staring at triple-digit gains, which is proof of both its potential and its dominance.

Interested? Buy $DOGE on Binance or any of the other major crypto exchanges.

Disclaimer: Crypto investments are highly risky. None of the above is financial advice. Always do your own research before investing.

Authored by Krishi Chowdhary, Bitcoinist – https://bitcoinist.com/best-altcoins-to-buy-as-google-acquires-stake-in-bitcoin-mining-company

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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September 26, 2025 0 comments

Crypto Trends

Curve Finance Founder Michael Egorov Launches Bitcoin Yield Protocol

by admin September 26, 2025

Michael Egorov, founder of Curve Finance, has launched Yield Basis, a decentralized protocol built to provide sustainable BTC$109,570.45 yield while eliminating impermanent loss (IL), one of decentralized finance’s longest-running challenges.

Bitcoin holders have long faced limited opportunities for on-chain returns. Lending markets rarely offer more than a fraction of a percent, while automated market maker (AMM) pools have exposed users to IL — the risk of losing value when token prices diverge. Even in favorable conditions, yields rarely topped 1–2%.

Yield Basis tackles this by reengineering the AMM model. The protocol removes IL risk altogether, which Egorov says will enable deeper Bitcoin liquidity on-chain and more attractive yield opportunities for institutional and professional investors. To manage early growth, three pools launched with a $1 million deposit cap each.

The system borrows from Curve’s five years of infrastructure resilience, adopting a vote-escrow mechanism (veYB) for governance. Token holders must lock their YB to participate in governance and earn protocol fees, distributed in either Curve’s crvUSD stablecoin or wrapped Bitcoin. Unlike many DeFi projects, token emissions aren’t simply handed to liquidity providers; they are tied to position yield, a model Egorov calls “value-protecting.”

Yield Basis secured $5 million in early 2025 funding and is the first project to debut on the joint Legion and Kraken launchpad, where the community can access its token sale. While Bitcoin is the initial focus, Egorov says the protocol’s impermanent loss solution could extend to Ethereum, tokenized commodities or even stocks — potentially broadening the scope of yield-bearing assets on-chain.

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September 26, 2025 0 comments

Crypto Trends

Crypto Fear & Greed Index Now Echoes $83,000 Bitcoin Price

by admin September 26, 2025

Key points:

The Crypto Fear & Greed Index is back at levels not seen since Bitcoin traded at $83,000.
Analysis wonders whether the BTC price “turning point” is already here.
Social media user behavior already suggests that a price rebound should take place next.

Bitcoin (BTC) sentiment collapsed overnight Thursday as the latest BTC price dip forced fresh liquidations.

Fresh data from the Crypto Fear & Greed Index shows that “fear” now drives the mood.

Bitcoin sentiment echoes April lows

Bitcoin, nearing new monthly lows under $109,000, had a near-instant impact on market sentiment.

The Fear & Greed Index, which lags market movements, hit just 28/100 on Friday, marking its lowest levels since April 11. The index fell 16 points in a single day.

Crypto Fear & Greed Index (screenshot). Source: Alternative.me

“MORE fear and a HIGHER price,” crypto YouTube channel host Michael Pizzino summarized in part of an X post on the topic.

Pizzino referred to the emerging divergence between price and sentiment.

The last time that the Fear & Greed Index was below 30/100, BTC/USD traded at around $83,000, days after its recovery from $75,000 lows, data from Cointelegraph Markets Pro and TradingView confirms.

BTC/USD one-day chart. Source: Cointelegraph/TradingView

As a result, accompanying analysis argues that the time is right for a market reversal.

“Could this be the turning point Bitcoin and Crypto has been waiting for? The analysis looks good, but it has not been confirmed,” Pizzino added.

BTC/USDT perpetual contract one-day chart with sentiment data. Source: Michael Pizzino/X

Fear & Greed has been no stranger to erratic moves in 2025. As Cointelegraph reported, in February, the Index collapsed to just 10/100 thanks to macroeconomic uncertainty focused on US trade tariffs.

“Impatience and bearishness” rule BTC price takes

Some signals of an impending BTC price rebound emerged even before the latest dip.

Related: Four reasons Bitcoin is failing to copy all-time highs for gold and stocks

On Tuesday, research platform Santiment showed that social media users were already convinced that lower prices would soon come.

“As usual, social media is vocal on where Bitcoin will head next. Historically, lower price predictions increase the likelihood, and higher predictions imply lower future prices,” it explained to X followers.

Santiment described a “high amount of impatience and bearishness emerging from the retail crowd.”

At the same time, data revealed that large-volume traders were adding exposure in recent days.

Bitcoin price social media activity data. Source: Santiment/X

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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September 26, 2025 0 comments

NFT Gaming

‘Bitcoin Is Next’: Peter Schiff Slams Ethereum into Bear Market Territory

by admin September 26, 2025

Ethereum dipped below $4,000 on Thursday, kicking off a technical bear market and causing Peter Schiff to sound the alarm once again. The move took ETH more than 20% off its August peak, where the token briefly touched $4,850 and marked the sharpest correction since early summer.

The sell-off got worse once ETH hit $4,150. A heavy session dragged the major altcoin down to the $3,930 zone, canceling out weeks of gains and putting a damper on corporate treasury purchases that had been promoted as a stabilizing force.

ETH/USD by TradingView

The latest breakdown means we are now looking at whether the second-biggest crypto can find a floor above the $3,800 support band, or if it is going to go even lower.

Peter Schiff strikes again

Schiff, who has always been cautious about crypto rallies, said that the Ethereum reversal was linked to Bitcoin. In his words, ETH’s decline is a sign that the crypto market has turned bearish, and BTC is poised to be the next asset to dip.

Ethereum just tanked below $4,000. Despite all the Ethereum Treasury company buying, the #2 crypto is now in an official bear market, down 20% from its August record high. Bitcoin is next.

— Peter Schiff (@PeterSchiff) September 25, 2025

For traders, the report is about more than just Schiff’s criticism, though. It is also about the numbers on the chart. Ethereum is trading at the same levels it was at in early August, and it is clear that the momentum is broken right now . This means that the two biggest digital assets might have problems holding on until the end of 2025.

Ethereum’s fall gave Schiff another headline. The big question now is whether Bitcoin will follow suit.

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September 26, 2025 0 comments

Crypto Trends

Luke Dashjr Reportedly Mulls Bitcoin Hard Fork

by admin September 26, 2025

Major concerns
History of Bitcoin forks

Bitcoin Core contributor Luke Dashir is reportedly considering a Bitcoin hard fork in the near future.

The controversial developer is a loud opponent of increasing the size of OP_RETURN, arguing that there is no place for non-monetary data on the leading blockchain. Hence, there is no need for optimization.

He maintains the Bitcoin Knots client, which is an alternative implementation of Bitcoin nodes.

Initially, Knots came up with filters that specifically block transactions with non-monetary data.

However, all nodes are required to store data within the same blocks, and the filters implemented by Knots can apply only to unconfirmed transactions.

Dashir has now acknowledged that merely policing the memoool is not sufficient.

According to the report, he has proposed setting up a committee that would retroactively alter data on the leading blockchain. However, this would require launching a Bitcoin hard fork.

Major concerns

The hard fork would inevitably raise such major concerns as censorship, given that it could potentially lead to all “unfavorable” data being removed. Furthermore, node operators could potentially face criminal liability if they refuse to comply with the committee’s requests.

The report claims that the messages were verified, but Dashjr is denying the allegations.

History of Bitcoin forks

When it comes to blockchains, hard forks are used for implementing major protocol changes.

Since its launch, the Bitcoin network has seen multiple hard forks, including Bitcoin XT, Bitcoin Classic, Bitcoin Cash (the most successful one by far), and Bitcoin Gold.

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September 26, 2025 0 comments

GameFi Guides

Slides 6% as Bitcoin Drop Slashes Bullish Sentiment

by admin September 26, 2025

XRP’s push above $2.90 collapsed under heavy selling on Sept. 25, with a $277 million volume spike hammering price back to $2.75.

The move erased more than $18 billion in market value over the past week and confirmed fresh resistance at $2.80, leaving traders bracing for a test of $2.70 support.

News Background

• XRP slid 5.83% over the Sept. 25–26 session, falling from $2.92 to $2.75 on heavy institutional selling.
• A sharp rejection at $2.80 during the 17:00 hour triggered a 276.77 million volume spike — more than 2.5x the 24-hour average.
• Despite SEC approval of the first U.S. XRP ETF, optimism has been offset by Powell’s warnings on valuations and rising Treasury yields.
• Over the past week, XRP’s market value has contracted by $18.94 billion, down 10.22%, breaking below the $3.00 psychological threshold.

Price Action Summary

XRP traded between $2.92 and $2.74 — a 6.3% intraday range — before closing near $2.75.
• Sellers dominated after $2.80 rejection on extreme volume, creating a distribution zone that capped further upside.
• Subsequent recovery attempts stalled around $2.81–$2.82, confirming fresh resistance clusters.
• Final hour saw a brief 1.09% bounce from $2.75 to $2.78, driven by concentrated flows between 00:50–00:57 on volumes above 3 million per candle.
• Short-term support is now seen at $2.75–$2.77, with downside risk toward $2.70 if breached.

Technical Analysis

• Range: $0.18 (6.3%) between $2.92 high and $2.74 low.
• Resistance: $2.80 initial rejection; $2.81–$2.82 clusters formed on failed retests.
• Support: $2.75 zone defended in late session; $2.70 psychological level next watch.
• Volume: 276.77M at 17:00 vs. 108.42M daily average.
• Pattern: High-volume rejection signals distribution. Short-term consolidation near $2.77 suggests indecision before next move.

What Traders Are Watching

• Whether $2.75 holds through Asia session or breaks toward $2.70.
• ETF optimism versus real money outflows — sell-the-news pattern remains in play.
• Whale flows after $800M in transfers over past week; positioning risk if selling resumes.
• Macro overhang: Powell’s hawkish tone, Treasury yields climbing, Fed cut expectations capped.

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September 26, 2025 0 comments

Crypto Trends

Rate Cuts, Options Expiry Put Bitcoin at a Crossroads

by admin September 26, 2025

In brief

About $17 billion in Bitcoin options are set to expire Friday, one of the largest on record.
Experts warn a break below $108,000 could trigger forced selling and a drop toward $96,000.
Softer inflation could ease pressure and open room for a rebound into year-end.

Crypto faces a critical test this week as the quarterly options expiry collides with a key U.S. inflation reading, a convergence that could determine whether the rally gains momentum or falters.

Roughly, $22.3 billion in crypto options will expire as the third quarter comes to a close on Friday, according to options exchange Deribit. Out of which, Bitcoin options with a notional value of $17.06 billion are set to expire.

Greg Magadini, director of derivatives at options analytics platform Amberdata, told Decrypt that the current Bitcoin expiration cycle is “the largest on the board.”

Dealer positioning shows “a lot of short gamma at $109,000 and $108,000,” he said, pointing to a situation that requires those price levels to hold to prevent a sharp move downward.

Bitcoin’s short-term moves depend heavily on options dealers and large institutions that hedge their positions in real-time. Their exposure to “gamma,” a measure of how quickly hedges must adjust, can either amplify price swings or help steady them.

A short gamma position means dealers could be forced to sell into a declining market, exacerbating a drop.

Data shows that $108,000 has become critical for Bitcoin traders. A failure to hold above this level could trigger an automated selling cascade, independent of the August Core PCE release, Decrypt was told.

Considering the dealer’s short gamma positioning and volatility around 35%, Magadini expects a drop below $108,000 to trigger a “two standard deviation move to $96,000,” especially if the markets are weak.

Bitcoin is currently trading at $109,100, having clocked a 3.8% loss on Thursday. In total, the top crypto has shed 6.50% over the past week, CoinGecko data shows.

All eyes are now on the Core PCE release, scheduled for 8:30 a.m. ET today, which remains sticky around 3%. The month-over-month forecasts sit around 0.2%, slightly lower than last month’s 0.3%.

A hotter-than-expected release could strengthen the dollar’s recent bounce and exacerbate Bitcoin’s ongoing correction, experts previously told Decrypt.

However, a softer Core PCE could form a “pin from options expiry” that could “loosen and allow a sharp upside move,” Maja Vujinovic, CEO and Co-Founder of Digital Assets at FG Nexus, a Nasdaq-listed company focused on accumulating and generating yield on Ethereum, told Decrypt.

Despite the short-term, jumpy reaction around inflation report releases, she expects a constructive fourth quarter for crypto markets, driven by demand for spot exchange-traded funds and improving liquidity.

Magadini echoed Vujinovic’s outlook, noting that there is downside risk in the short term, driven by uncertainty over the Fed’s path and weakness in risk assets.

“Long-term, I expect prices to be drastically higher…should Fed inflation fighting stop…I could easily see Bitcoin start to trade above $250,000.”

Options data also support Bitcoin’s long-term bullish sentiment, evidenced by heavy buying of year-end call options with $120,000 and $140,000 strikes.

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September 26, 2025 0 comments

Crypto Trends

MSTR stock plot thickens as Strategy’s mNAV and Bitcoin price crash

by admin September 26, 2025

Strategy stock price crashed below an important support level as Bitcoin fell below $110,000 and as its mNAV multiple reached its year-to-date low.

Summary

MSTR stock price has crashed below an important support level.
There is a risk that it will form a death cross pattern soon.
Bitcoin price has formed a head-and-shoulders on the daily chart and a rising wedge on the weekly.

Strategy stock price traded $297 on Thursday, its lowest level since April, and 35% below its all time high. This crash has brought its market capitalization from the year-to-date high of $129 billion to now $84 billion.

MSTR stock plunged amid the ongoing crypto market crash. Bitcoin (BTC) fell below $110,000 for the first time since Sep. 1. Worse, as the chart below shows, it has formed a head-and-shoulders pattern, pointing to more downside in the near term.

BTC price has formed a head-and-shoulders pattern | Source: crypto.news

Bitcoin has also formed a giant rising wedge on the weekly chart, meaning that this could be the start of a prolonged bear market.

A prolonged Bitcoin price crash would be negative for Strategy, a company that has become the biggest holder globally. It holds 639,835 coins, currently worth $69 billion. The same coins would be worth $80 billion if it was at its all-time high of $124,200.

Most importantly, the falling BTC price means that the company’s premium has plunged. The closely-watched mNAV multiple has dropped to the year-to-date low of 1.195, down from the November high of 3.4.

The falling mNAV multiple is risky for the company because it uses its premium to raise capital, which it uses to buy Bitcoin. For a long time, Saylor’s rule was that he would not issue shares if the mNAV moved below 2.5. He changed it in August, opening the door for more dilution.

MSTR stock price technical analysis

Strategy stock chart | Source: TradingView

The daily timeframe chart shows that the MSTR stock price has crashed from a high of $457 in July to $295 today.

It dropped below the important support level at $318, where it failed to move below several times this month.

Worse, the stock is about to form the risky death cross pattern as the spread between the 50-day and 200-day Exponential Moving Averages has narrowed.

A death cross would lead to more downside, potentially to the important support level at $230, its lowest level in April this year. This target is about 25% below the current level.

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September 26, 2025 0 comments