Tag:

Bitcoin

Shiba Inu (SHIB) to Add Zero, XRP Sees 221% Surge in Fund Inflows, Bitcoin Breaks 15-Year Record

by admin September 17, 2025

XRP investment products see $32.5 million weekly inflows

October XRP ETF countdown intensifies.

Massive jump. XRP investment products saw $32.5M in inflows last week.

XRP investment products pulled in $32.5 million last week, more than double the $14.7 million recorded a week earlier, according to CoinShares. That 221% rise makes it one of the standout performers among digital assets, especially as fund inflows across the market picked up again after a quiet start to the month.

Bitcoin products continue to be the most popular crypto-tied investment opportunity, with $2.4 billion in new money, and Ethereum managed to stop losing funds by adding $645 million. Solana also made $198 million.

Relative strength. While XRP inflows are smaller in absolute terms, its growth rate outpaced most major crypto assets.

In the cut, XRP’s rise looks smaller in dollar terms, but it has a higher growth rate than other currencies. In September alone, XRP products attracted almost $48 million, taking the total for the year to date to $1.45 billion. The total value of assets under management that are linked to XRP is now $2.94 billion.

You Might Also Like

Shiba Inu faces reversal after failed breakout

Shiba Inu might actually add a zero.

Failed breakout. SHIB briefly surged above $0.000015 in early September, but quickly lost momentum.

Once again, Shiba Inu has found itself in a precarious position following what seemed to be a bullish breakout. The token experienced a brief surge in value in early September, testing the critical resistance zone around $0.000015.

However, momentum soon stalled, resulting in a dramatic reversal. Because of the rejection, traders are now more worried that SHIB might drop back to its summer lows or, worse, lose another decimal place if bearish pressure picks up speed.

Bearish risk. Traders fear a potential drop back to summer lows.

With the help of rising trading volume, SHIB was able to break out after weeks of consolidation in a tightening wedge pattern. Nevertheless, the rally did not last long. Because of strong selling pressure and the general lack of conviction on the market, the price was unable to hold above the $0.000015 mark.

card

Bitcoin breaks 15-year record in capital inflows

BTC outpaces 15 years of history.

Massive spike. Bitcoin added $625B to its realized cap in the last 18 months.

Bitcoin has shattered a 15-year record as recent data analysis reveals Bitcoin added more to its realized cap in the last 18 months ($625 billion) than in its first 15 years, when $435 billion were added.

In a recent tweet, CryptoQuant CEO Ki Young Ju highlighted a comparison of Bitcoin on-chain capital inflows. Between 2009 and 2024, a 15-year time frame, Bitcoin received capital inflows of $435 billion.

Meanwhile, in the last 18 months or 1.5 years, which spanned from 2024 to 2025, Bitcoin added $625 billion in capital inflows. Bitcoin’s realized cap, which values Bitcoin only when it moves, has surpassed $1 trillion, according to the chart.

You Might Also Like

Source link

September 17, 2025 0 comments

GameFi Guides

Bitcoin ETFs Record Strongest Inflows Since July, Push Holdings to New High

by admin September 17, 2025

In brief

Bitcoin ETPs saw a net inflow of 20,685 BTC last week, driven mostly by U.S. ETFs.
The recent uptick in investor risk appetite is driven by rate cut expectations and new crypto IPOs.
Despite institutional demand outpacing new Bitcoin supply, realized and implied volatility remain historically low.

Bitcoin exchange-traded products globally logged net inflows of 20,685 BTC last week, the strongest weekly intake since July 22, according to digital assets firm K33 Research.

The renewed momentum lifted U.S. spot bitcoin ETFs’ combined holdings to 1.32 million BTC, surpassing the previous peak set on July 30.

U.S. Bitcoin ETF products contributed nearly 97% of last week’s 20,685 BTC ETP inflows, highlighting the surge in demand ahead of the FOMC meeting.

Bitcoin ETF inflows “tend to be one of the key determinants of Bitcoin’s performance,” André Dragosch, head of research for Europe at Bitwise Investments, told Decrypt, adding that the “percentage share of Bitcoin’s performance explained by changes in ETP flows” has reached a new all-time high.

Compared with Ethereum ETF flows, “there appears to be a ‘re-rotation’ from Ethereum back to Bitcoin in terms of investor flows,” Dragosch said, citing their data. “Over the past week, flows into Bitcoin ETFs have surpassed new supply growth by a factor of 8.93 times, a key tailwind for Bitcoin’s recent performance.”

Analysts at K33 agree, writing that flows have been a key driver of bitcoin’s strength since ETF approvals earlier last year, and the latest surge signals an acceleration in demand that could underpin further price support.

In the last 30 days, investors accumulated roughly 22,853 BTC via various products, outpacing the new supply of 14,056 BTC. This rising risk appetite for Bitcoin has supported the recent recovery, Bitwise noted in its Monday report.

Fidelity’s FBTC product accounted for a substantial portion of last week’s Bitcoin ETF demand, with its $843 million net inflow representing 36% of the total $2.34 billion recorded across all funds and marking an 18-month high.

While the soft inflation data and rate cut expectations are key drivers, according to Bitwise analysts, the rise in risk appetite was also “underscored by a flurry of major crypto-related IPOs and announcements last week.”

“Still, activity remains tepid and volatility is historically low,” K33 analysts wrote in an investor note on Tuesday.

They pointed to Bitcoin’s seven-day volatility, which hit yearly lows of less than 0.7% last week before rising “modestly” as prices rose above $115,000.

It marks 11 consecutive days of below 1.3% seven-day volatility, the “second-longest such stretch this year,” K33 analysts wrote.

Bitcoin’s implied volatility, which measures the future market expectations using options data, also remains near a multi-year low.

“With muted trading activity, high offshore leverage, and no major immediate catalysts beyond Wednesday’s FOMC, directional signals are mixed,” they said.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

September 17, 2025 0 comments

Crypto Trends

Symbiotic, Chainlink Join For Cross-Chain Bitcoin Security

by admin September 17, 2025

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

Symbiotic, Chainlink, and Lombard have unveiled their collaboration to launch the industry-first cryptoeconomic guarantee layer for secure cross-chain Bitcoin transfers.

Symbiotic, Chainlink, And Lombard Team Up

On Monday, staking protocol Symbiotic announced its partnership with decentralized oracle provider Chainlink and Bitcoin DeFi protocol Lombard to launch the industry’s first-of-its-kind guarantee layer for cross-chain Bitcoin transfers.

The collaboration integrates Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to secure transfers of Lombard Staked Bitcoin (LBTC) across blockchains. Additionally, it introduces two new Symbiotic vaults, backed by a Symbiotic-powered monitoring network that verifies LBTC transfers via CCIP and issues alerts in case of discrepancies, the team detailed.

One of the staking vaults will hold up to $100 million of Chainlink’s native token, LINK, while the other will have 20 million of Lombard’s upcoming native token, BARD.

Notably, the Bitcoin DeFi protocol recently discussed the launch of its native token on X, stating, “Lombard is redefining how Bitcoin moves. At the core of this movement is BARD.” The protocol revealed that the tokenomics will be shared on September 16, while the airdrop and other participant allocation claims will take place on September 18.

The integration will introduce immediate token utility for BARD holders, the announcement explained, by enabling staking into the vault via the Lombard App to secure cross-chain LBTC transfers while earning up to 15% APY.

Moreover, Symbiotic’s modular architecture will allow Lombard and partners to dynamically customize protection levels, with value transferred and no disruption to ongoing operations, “positioning this model as foundational infrastructure for the next generation of cross-chain DeFi security.”

‘A New Standard’ For Cross-Chain Bitcoin Transfers

According to the statement, the integration will deliver a “dual-layer protection system that scales with demand while setting a new standard for cross-chain Bitcoin derivatives” by combining Symbiotic’s permissionless restaking, CCIP’s modular security, and Lombard’s Bitcoin infrastructure.

This collaboration not only reinforces LBTC’s position as the leading institutional-grade, yield-bearing Bitcoin asset trusted by top DeFi protocols, but also establishes a replicable framework for securing broader DeFi infrastructure such as oracles and settlement layers, creating systemic resilience that strengthens with network growth.

Misha Putiatin, Symbiotic’s co-founder, affirmed that the protocol “turns passive crypto assets into modular, active security infrastructure,” adding that “Integrating our restaking framework with Chainlink CCIP for cross-chain LBTC transfers showcases how decentralized collateral can be deployed quickly and permissionlessly to reinforce cross-chain value flows and deliver tangible benefits to end users.”

Meanwhile, Jacob Phillips, Lombard’s Co-founder, highlighted that LBTC is “a chain asset, meeting demand across networks rather than being confined to one.” He noted that holders seek the freedom to move their Bitcoin wherever the best opportunities are, but without compromising security.

To address that, Phillips explained that “pairing CCIP’s modular architecture with Symbiotic’s restaked collateral gives our community stronger economic guarantees through staking. Each BARD staked reinforces the robustness of LBTC, aligning incentives and strengthening the integrity of our interoperability stack.”

Bitcoin (BTC) trades at $115,371 in the one-week chart. Source: BTCUSDT on TradingView
Featured Image from Unsplash.com, Chart from TradingView.com

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.

Source link

September 17, 2025 0 comments

GameFi Guides

For Bitcoin Traders, Is a Fed Rate Cut Already Priced In?

by admin September 16, 2025

In brief

Markets are expecting the Federal Reserve to cut interest rates on Wednesday.
The price of Bitcoin has risen this week but some analysts aren’t expecting the asset to rise on the announcement.
Instead, traders will be paying attention to Fed Chair Jerome Powell’s comments after the decision, analysts told Decrypt.

Bitcoin has typically performed well in a low interest rate environment, but the asset may not rise in the aftermath of a widely expected U.S. central bank interest rate slashing on Wednesday, say analysts, who believe markets have already priced in the cut.

The analysts say that traders will be looking more keenly at what Federal Reserve chair Jerome Powell says in the press conference after the announcement.

“It does seem to be pretty priced in,” Juan Leon, Bitwise’s senior investment strategist, told Decrypt. “[A cut] has been digested by the markets. Where it gets interesting is what Powell says afterwards—that’s where you’ll see crypto markets flatten out or rally,” he continued.

The odds of the Fed reducing the rate by a quarter point currently stand at 96%, per the CME’s FedWatch tool, the widely watched measure of investor sentiment. Equities and crypto jumped this week on that data.

At one point Tuesday, Bitcoin’s price rose to nearly its highest level in a month. The largest digital asset by market capitalization was recently priced at $116,559, up nearly 5% over the past seven days, according to crypto market data provider CoinGecko. The cryptocurrency remains about 7% off its all-time high of $124,128 set in August.

A Myriad market found that nearly nine in 10 consumers expect the price to remain above $105,000 throughout September.

(Disclosure: Myriad is a prediction market and engagement platform developed by Dastan, parent company of an editorially independent Decrypt.)

Other major digital assets have also risen well into positive territory, with Ethereum and XRP, the second and third largest cryptos by market value, up 4.8% and 3% over the same period, respectively. Solana has climbed a whopping 10%, although its gains have been fueled partly by the recent expansion of Solana treasuries.

The Fed has left interest rates intact in a range between 4.25% and 4.50% for the past five meetings stretching to last December, when it announced a .25% rate cut. In comments following these decisions, Powell has reiterated the bank’s concerns about inflation, which has remained stubbornly above the Fed’s 2% annual target, and vowed to base future decisions on data.

But recent jobs reports, including a 911,000 downward adjustment in the number of jobs created over a year-long period ending this March, suggested that the economy was sagging and boosted prospects of a rate cut. Powell may offer hints on Wednesday about the Fed’s future thinking.

Bitcoin and other risk-on assets have generally risen on dovish (favoring low interest rates) that would lead to the injection of capital into markets and declined on hawkish rhetoric.

“Lower interest rates increase the liquidity in circulation, and investors deploy capital into more risky assets such as stocks and crypto,” Chief Growth Officer at Rockaway Samantha Bohbot said, adding that “any hawkish comments might lead to repricing and sell off.”

Complicating the Fed’s task has been President Donald Trump’s relentless campaign for a rate cut. Most recently, he tried to fire Federal Reserve Board of Governors member Lisa Cook, whom he has perceived—possibly wrongly–of being an impediment to cutting rates. Cook is considered dovish by many accounts.

A federal appeals court on Tuesday blocked his order, which also more generally raised the issue of the Fed’s independence to set monetary policy. Those concerns and wider macroeconomic uncertainties, including Trump’s trade war, have left investors unbalanced. Gold, the traditional safe haven asset, rose to a record high on Tuesday above $3,730. It is up more than 10% over the past month.

If a series of rate cuts is imminent, or if the central bank reduces the rate by a greater-than-expected .50%, Bitcoin and other crypto prices could jump, Carlos Guzman, a research analyst at market maker GSR, told Decrypt.

“Updates coming out of the FOMC meeting could still move markets depending on what they signal for rate policy later in the year, and the Fed could still surprise markets by opting for a 50bps cut rather than the overwhelmingly expected 25bps,” he said.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

September 16, 2025 0 comments

Crypto Trends

Crypto Funds See $3.3 Billion Comeback, Bitcoin And Ethereum Lead Rebound

by admin September 16, 2025

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

Last week was a good week for digital asset investment products, which attracted a collective $3.3 billion in inflows, according to the latest weekly report from CoinShares. The latest inflow numbers pushed assets under management (AuM) back to $239 billion, just shy of August’s all-time high of $244 billion. The rebound in inflows, which came after shedding $352 million the previous week, was due to softer-than-expected US macroeconomic data and strong end-of-week price gains across the crypto market.

Bitcoin And Ethereum Lead The Turnaround

Unsurprisingly, Bitcoin recorded the strongest shift in sentiment. Particularly, investment products based on the leading cryptocurrency witnessed $2.4 billion in inflows, its largest weekly total since July. The prevailing bullish sentiment throughout the week meant that short-Bitcoin products saw modest outflows that pushed their AuM to just $86 million.

Ethereum also swung back into positive territory after eight consecutive trading days of outflows. It registered $646 million in inflows, buoyed by four straight daily sessions of positive investor sentiment. This was a quick turnaround from the $912 million in outflows the previous week.

Source: Chart from CoinShares

Other assets also benefited, with Solana-based products achieving their largest-ever single-day inflow of $145 million on Friday and ending the week at a $198 million inflow total. XRP-based products added $32.49 million, while SUI, Cardano, and Chainlink products saw inflows of $13.96 million, $1.04 million, and $1.54 million, respectively. The recovery across multiple altcoins is a noteworthy improvement in institutional confidence compared to earlier weeks of downward pressure.

Regional Trends Show US Dominance

The flows into digital asset funds were overwhelmingly concentrated in the United States, which saw $3.2 billion in inflows. Most of these were into Spot Bitcoin and Spot Ethereum ETFs, which witnessed $2.34 billion and $637.69 million inflows last week, according to data from SoSoValue.

Digital asset funds based in Germany followed with $160 million and capped the week with their second-largest daily inflow on record. However, Switzerland-based products stood out on the downside and registered $92 million in outflows that partially offset Europe’s gains.

Looking at providers, iShares ETFs in the US attracted $1.1 billion in new funds, Fidelity’s Wise Origin Bitcoin Fund added $850 million, and Bitwise and ARK 21Shares ETFs combined for over $360 million. Meanwhile, Grayscale drew in nearly $147 million, though it is still on net outflows year-to-date.

The recovery in fund flows has lifted overall AuM for digital asset investment products to $239 billion, just 2% below August’s all-time high of $244 billion. Continued inflow this week could see the overall AuM hitting a new all-time high this week.

Bitcoin is dominating the AuM ranks with $182 billion, which is a 76.15% stake. Ethereum, on the other hand, accounts for $40 billion. The third highest AuM is Solana with $4.1 billion. Although it is far behind, Solana has witnessed impressive AuM growth this year.

Overall crypto market at $3.96 trillion | Source: TOTAL on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

Source link

September 16, 2025 0 comments

NFT Gaming

Bitcoin Treasury Grows As Capital B Makes Strategic Acquisition: Bullish Market Outlook Still Lingers

by admin September 16, 2025

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

With Bitcoin’s price above the $115,000 level and gradually moving towards its all-time high, it appears that accumulation among retail and institutional investors is still heavily ongoing. An area where this notable accumulation is widely present is the BTC treasury strategy, which many big companies are significantly adopting.

Large Institutions Still Doubling Down On Bitcoin

As the current bull market cycle progresses, Bitcoin, the crypto king, remains the top digital asset among prominent figures and institutions in the ever-dynamic financial sector. This trend, which initially began on a small scale, has gone worldwide.

In the midst of this growing recognition, a Bitcoin treasury strategy has gained mainstream attention and adoption. Since the first move toward owning a BTC treasury reserve, initiated by Michael Saylor’s Strategy, many large firms around the world have followed suit.

A recent report shows that Capital B, a Europe-based private equity and investment advisory firm, has taken a decisive step into the crypto space with its BTC treasury. The firm, recognized as the first BTC treasury company in Europe, recently announced a strategic BTC purchase aimed at bolstering its growing crypto reserve.

This robust adoption of the initiative since its introduction signals heightened institutional conviction in the flagship asset’s long-term value and potential. It also underscores the expanding pattern of organizations aggressively increasing their BTC reserves as a long-term tactic to maintain value and fortify balance sheets.

In the announcement shared by Alexandre Laizet, the board director of BTC treasury at Capital B, it was revealed that the company has made a strategic purchase of 48 BTC. According to the director, the 48 BTC valued at approximately €4.7 million were purchased at €98,575 per coin.

With this fresh buy, Capital B has strengthened its position as one of the companies that is reaffirming its belief that BTC is a vital component of modern financial stability. Following the crucial move, the company has experienced a substantial yield of 1,536.6% Year-to-Date (YTD), and a 19.4% Quarter-to-Date (QTD). As of September 15, 2025, Capital B’s holdings boast 2,249 BTC worth a whopping €206.3 million, which was purchased at €91,718 per coin.

Capital B’s Sats Per Share Exponential Growth

It is worth noting that Capital B has experienced its sats per share climb sharply amid its Bitcoin acquisition. Over the past 10 months, the firm’s sats per share moved from 17 to 671, reflecting a spike in investor returns tied directly to BTC’s price action.

This increase demonstrates the company’s rising exposure to BTC, underscoring the potential for institutional adoption to transform conventional metrics of equity growth. Furthermore, it indicates the growing effectiveness of its treasury strategy in generating value for shareholders.

Capital B’s massive growth in sats per share | Source: Chart from Roxom on X

According to Alexandre Laizet, Capital B’s focus since November 2024 is highly directed at BTC Yield Maximization. In addition to yield maximization, the company’s move is accompanied by its long-term vision of creating the first and largest BTC treasury company in Europe. Such an achievement will allow Capital B to lead as a cornerstone of Digital Capital Markets.

BTC trading at $115,882 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

Source link

September 16, 2025 0 comments

GameFi Guides

Bitcoin Scarcity Index Spikes For First Time Since June: Accumulation In Play?

by admin September 16, 2025

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

Bitcoin is at a crossroads, with analysts divided on its next move. Some argue that demand is fading, raising concerns of a deeper correction, while others point to the potential for a breakout that could push BTC above its all-time highs. This uncertainty is not without cause—the market is bracing for the US Federal Reserve’s decision on interest rates, a pivotal event that could shape price action in the days ahead.

According to fresh data from CryptoQuant, Bitcoin just flashed a significant signal. The Bitcoin Scarcity Index on Binance, the world’s largest trading platform, spiked yesterday—the first such move since June. This sudden jump usually suggests a major shift in market structure, often triggered by large withdrawals of BTC from exchanges or a sharp drop in sell orders. Both scenarios reflect a tightening of supply, making Bitcoin scarcer in the open market.

Historically, such spikes have coincided with the entry of institutional players or large whales buying aggressively. While this points toward accumulation, it also underscores the high-stakes environment. With the Fed’s decision imminent, the market could be on the verge of a decisive move that sets the tone for the rest of the year.

Bitcoin Scarcity Index Signals Market Crossroads

According to Arab Chain on CryptoQuant, the recent spike in the Bitcoin Scarcity Index reflects a sudden imbalance between buyers and available supply. The index jumps when immediate buying power overwhelms market liquidity, often creating a scenario where investors race to acquire BTC before prices move higher. Historically, such spikes have coincided with positive developments or inflows of fresh capital. In fact, the same pattern occurred last June and lasted several days, fueling Bitcoin’s rally to nearly $124,000.

Binance Bitcoin Scarcity Index | Source: CryptoQuant

If the current reading remains elevated for multiple sessions, it could signal the start of a strong accumulation phase. Such conditions often precede sustained uptrends as whales and institutions absorb supply, reducing the amount of Bitcoin available on exchanges. However, the index also carries risk signals. A sharp rise followed by a rapid decline, as appears to be unfolding now, may suggest speculative behavior or forced liquidations. This dynamic typically leads to a period of cooling, marked by sideways consolidation or even short-term corrections.

The broader context complicates the picture. In recent months, the index reached record highs—above +6—only to collapse back toward neutral and even negative territory. This stark contrast reveals that while price remains strong, underlying demand momentum may be weakening. If exchange withdrawals slow or supply increases, the scarcity effect could fade.

With the Federal Reserve’s decision on interest rates just ahead, the question remains whether this spike reflects true accumulation or another fleeting burst of speculative activity. The next few days will provide clarity.

Bitcoin Price Analysis: Testing Mid-Range Levels

Bitcoin’s 3-day chart shows the price consolidating around $115,479, following a recovery from early September’s dip near $110,000. The structure highlights a mid-range battle, as BTC trades between the 200-day SMA near $82,600 and resistance at $123,217, the level that capped the July rally.

BTC consolidates around key level | Source: BTCUSDT chart on TradingView

The 50-day SMA at $109,580 is acting as dynamic support, preventing deeper retracement despite repeated tests. Meanwhile, the 100-day SMA at $101,291 remains comfortably below the current price, reflecting an overall bullish medium-term structure. BTC has consistently defended higher lows since April, suggesting accumulation remains present.

However, upside momentum appears capped, with sellers stepping in near $116,000–$117,000. A decisive breakout above $123,217 would likely trigger a push toward uncharted territory, potentially targeting $130,000+. On the other hand, failure to maintain support above $110,000 could open the door to deeper retracements, with $105,000 emerging as the first major downside target.

The chart reflects a market at a turning point: steady accumulation is supporting the price, yet resistance remains strong. With the Fed’s interest rate decision approaching, volatility is expected to rise. Bitcoin’s ability to either break past $123K or hold the $110K floor will define the next trend.

Featured image from Dall-E, chart from TradingView

Source link

September 16, 2025 0 comments

GameFi Guides

Bears Winning as ‘Meaningful’ Discount Emerges for 4 Bitcoin Treasury Firms: TD

by admin September 16, 2025

In brief

A growing number of Bitcoin treasury firms are trading at discount to their holdings.
Some are likely to fade away or become acquired, per TD Cowen.
The investment bank thinks others will still outperform Bitcoin.

Some Bitcoin treasury firms are losing their luster as share prices sag below a key threshold, TD Cowen analyst Lance Vitanza shared in a Tuesday note.

Among 13 Bitcoin-buying firms tracked by the investment bank, four are trading “at meaningful discounts” against the value of their respective crypto holdings, he said. Among them were Semler Scientific (-4%), Sequans (-25%), DDC Enterprise (-18%), and Bitcoin Treasury Corp (-18%).

To an extent, these firms are trying to emulate Strategy’s playbook. Like the largest corporate holder of Bitcoin, they typically measure success based on the amount of Bitcoin that they own per share. All four firms pivoted toward buying Bitcoin this year.

Together, these firms have accumulated $1.15 billion worth of Bitcoin, but shifting stock prices have constrained a go-to source of funding. They can no longer issue common shares to buy Bitcoin, and while capturing that premium, purchase the asset to increase Bitcoin per share.

Strategy, which owns $73.49 billion worth of Bitcoin, has never slipped below the threshold. Within the cryptosphere, that ratio is colloquially referred to as mNAV, or market-to-net-asset value. Still, at a 1.29x premium, Strategy’s mNAV was two basis points away from all-time lows on Tuesday, according to Bitcoin Treasuries.

“A lot of this is an attention game,” Carlos Guzman, a research analyst at market maker GSR, told Decrypt, suggesting that Strategy benefits from a first-mover advantage.

Strategy’s premium peaked at 3.1x in November—before the debut of most Bitcoin treasury firms. As that premium has shrunk, common issuance has grown less accretive, Vitanza noted. That has made it more difficult for Strategy to grow its Bitcoin per share.

Bitcoin treasury firms are known to experience outsized volatility, “and bears clearly having their day,” Vitanza said. Some stocks should realistically trade at a premium, he said, given their lack of fees, ability to take on leverage through cheap debt, and manage operating expenses.

Moreover, TD Cowen expects “a number” of existing Bitcoin treasury firms to outperform the underlying asset, Vitanza said, noting that some struggling ones will likely be acquired.

James Chanos is likely among the bears Vitanza pictured. In May, the famed short-short seller declared that he was betting on an increase in Bitcoin’s price and against Strategy’s shares. When he unveiled his trade, Strategy was trading at a 1.94x premium to its Bitcoin holdings.

On Monday, Bitcoin treasury firm Kindly MD saw its premium temporarily evaporate after its CEO, David Bailey, encouraged the company’s doubters to sell their shares. Trading on the Nasdaq under the ticker symbol “NAKA,” its stock crashed more than 54% on Monday to $1.26 a share. The drop came after a tranche of shares became freely tradable for certain investors.

Shares rebounded to $1.51 on Tuesday, a 21% increase, according to Yahoo Finance. But with a market cap of around $568 million, the company’s shares changed hands at a 1.004 premium to its Bitcoin holdings.

The market may be souring on certain Bitcoin treasury firms today, but broadly, an increase in the asset’s price could flip the script fairly quickly, GSR’s Guzman said.

“Excitement for Strategy has gone away, but then the market turns, and it comes back,” he said. “Even if we’re seeing like these discounts right now, it could easily turn around if there’s more excitement or a big rally in Bitcoin.”

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

September 16, 2025 0 comments

Crypto Trends

Bitcoin Sticks To $115,000 as Gold Sets a Fresh Record High

by admin September 16, 2025

Key points:

Bitcoin attempts to liquidate longs at the Wall Street open with $115,000 a focus.
Markets are flipping short ahead of Wednesday’s Federal Reserve meeting.
Gold hits fresh all-time highs above $3,700 before correcting.

Bitcoin (BTC) wobbled at Tuesday’s Wall Street open as analysis eyed potential liquidations.

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

Bitcoin leverage spikes with longs at risk

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD becoming unsettled as the US trading session began.

Price gyrated between $114,800 and $115,300 while surrounded by blocks of liquidity on exchange order books, both up and down.

“There’s a huge cluster of long liquidations below the current price, specifically around the 114724.3 level. That’s a lot of trapped longs,” trading resource TheKingfisher observed in part of its latest commentary on X.

BTC order-book liquidation levels. Source: TheKingfisher/X

An accompanying chart showed relevant “pain” levels for traders above and below spot price.

“This chart doesn’t predict the future, but it tells you where the pain is. And where the pain is, price movements often follow,” TheKingfisher added, noting high levels of leverage active on the market.

The day prior, popular trader Skew identified similar low-timeframe volatility, querying what he implied was manipulative price behavior.

$BTC
The psyops continue https://t.co/yJAKAijXLt pic.twitter.com/JY5tBX49RV

— Skew Δ (@52kskew) September 15, 2025

“Market remains top side heavy with persistent supply & offloading into price,” he summarized in his latest market coverage.

Skew said traders were flipping short into the week’s key macroeconomic event: the US Federal Reserve’s interest-rate decision. The Federal Open Market Committee (FOMC) was expected to cut rates for the first time in 2025 by 0.25%.

“Quite large positioning decay already going into FOMC, not surprising although short positioning is starting to pick up as the consensus trade going into FOMC,” he concluded.

BTC price action yet to copy gold

Pre-FOMC nerves were apparent across risk assets.

Related: Bitcoin ‘sharks’ add 65K BTC in a week in key demand rebound

US stocks were modestly down at the open, while gold saw noticeable volatility and a fresh all-time high of $3,703.

⚡️JUST IN: Gold surges to a new ATH above $3,700. pic.twitter.com/tcM3T2Gmtt

— Cointelegraph (@Cointelegraph) September 16, 2025

As Cointelegraph reported, analysis argues that both Bitcoin and gold are “pricing in” future US economic conditions.

“Gold leads the way. Bitcoin follows,” popular trader Jelle agreed in part of an X reaction, referencing the tendency for BTC price action to follow gold’s with a several-month delay.

Gold remained firmly in the lead based on year-to-date performance, up 40% since the start of the year against Bitcoin’s 23%.

BTC/USD vs. XAU/USD chart. Source: Jelle/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.

Source link

September 16, 2025 0 comments

GameFi Guides

Binance CEO Redefines Bitcoin in Just 3 Words

by admin September 16, 2025

Binance CEO Richard Teng recently shared his thoughts on Bitcoin’s role in the market, using three words to sum it up: global macro conversation. For Teng, Bitcoin (BTC) has grown past the stage of just being a digital asset. It now trades in line with the same flows that drive credit, liquidity and rates around the world.

Binance’s own records underscore that role. The latest proof-of-reserves audit shows customer balances of about 608,000 BTC, while the exchange holds more than 629,000 BTC in total. That is a coverage ratio of 103.5%.

You Might Also Like

Basically, Binance has a huge stockpile of over 600,000 coins, which makes it a big player in global finance, not just crypto trading.

#Bitcoin has moved beyond being just a digital asset.

Today, it’s a global macro conversation.

— Richard Teng (@_RichardTeng) September 16, 2025

Teng’s comment is part of a bigger change in how Bitcoin moves. The fact that there is a lot of liquidity all over the world, in terms of collateral, credit and refinancing, which keeps markets running, explains almost half of Bitcoin’s price changes.

Old-fashioned ways of measuring, like money supply deposits, are not really working well now. Most financial activity worldwide is linked to rolling over debt, so central banks are under constant pressure to add liquidity rather than withdraw it. This pressure makes people want to hold onto their money, which is good for Bitcoin and gold.

It is all about the cycles

Analysts also point to cycles in liquidity. It is thought that a five- or six-year cycle will hit its peak in September 2025, while a shorter 200-day cycle already pointed to Bitcoin’s $16,000 low back in 2023. Now both are overlapping, making it even clearer that the cryptocurrency is linked to global liquidity.

You Might Also Like

Teng’s three words basically cover it. Bitcoin has become part of the macro playbook, moving with the rhythm of credit and capital rather than just crypto sentiment.

Source link

September 16, 2025 0 comments