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Bitcoins

What Bitcoin’s Weekend Dip Means for the Crypto Bulls

by admin August 25, 2025

In brief

A Bitcoin whale sold 24,000 BTC on Sunday, catalyzing a liquidation cascade worth over half a billion dollars.
Despite the correction, options data reveal that traders remain unshaken, with bullish posturing around the $135,000 and $155,000 strike prices.
Improving macroeconomic conditions, following last week’s comments from Federal Reserve Chairman Jerome Powell, add credence to the bullish outlook.

A weekend sell order from a large buyer has triggered a flash crash for the world’s largest crypto, forcing over half a billion dollars in liquidations.

The sell order of 24,000 BTC, worth $2.7 billion, catalyzed a 3.74% correction in under ten minutes, resulting in $623 million in liquidations, according to data from CoinGlass.

Still, Bitcoin is up 2.41% from its weekend low of $110,484 and is currently trading near $113,169, according to CoinGecko data.

“Should be much easier to go up once short-term momentum clears and price moves above $113,500 – $114,000,” Alex Krüger, a crypto trader and founder of Aike Capital, posted Sunday on X.

Despite the whipsaw price action, some experts suggest this sell-off is not a sign of bearish sentiment, but rather a healthy function of a maturing market.

“The price has stalled because a number of whales have hit their magic number and are unloading,” Vijay Boyapati, a software engineer and expert in crypto and economics, posted on X.

He reiterated that whale selling is a healthy event and is “required for the full monetization of Bitcoin.”

The whale still holds a massive 152,874 BTC, worth an estimated $17.3 billion, according to Sani, a Bitcoin onchain analyst and founder of the Timechain Index.

The sell-off was likely amplified by existing market conditions such as “thin weekend liquidity” and a “build-up of leverage long positions” over the past week, Sean Dawson, head of research at on-chain options platform Derive, told Decrypt.

Options data on Derive shows “bullish posturing for Bitcoin around the $135,000 to $155,000,” strikes while the recent “drawdown has done little to shake the bullish traders,” Dawson highlighted.

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August 25, 2025 0 comments

NFT Gaming

Bitcoin’s ETFs Kill the Transaction Fees, Punishing the Miners More

by admin August 25, 2025

Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

Bitcoin’s price is holding near records, but the chain itself is quiet. Glassnode data shows transaction fees have collapsed back toward decade lows, even as BTC flirts with six figures.

In past cycles, fee spikes tracked bull markets as traders bid for blockspace. This year, the fee curve is flat while price rises, a clear sign that onchain demand is no longer driving the market.

(Glassnode)

A new report from Galaxy Research shows median daily fees have fallen more than 80% since April 2024, with as much as 15% of daily blocks now clearing at just 1 satoshi per vbyte. Nearly half of recent blocks are not full, signaling weak demand for blockspace and a dormant mempool.

This is a sharp contrast to prior bull cycles, where price rallies translated into congestion and fee spikes.

The data confirms a structural shift: spot ETFs and custodians now hold more than 1.3 million BTC, and coins parked in those wrappers rarely touch the chain again.

At the same time, retail activity that once clogged the Bitcoin blockchain has migrated to Solana, where memecoins and NFTs benefit from cheaper and faster execution. The result, Galaxy notes, is that the bitcoin price is being set by custodial inflows while the network’s onchain demand – once a proxy for price movement – has slowed down.

For miners, this dynamic is particularly punishing. With rewards halved to 3.125 BTC and fees contributing less than 1% of block revenue in July, profitability is under strain. That stress is pushing listed miners to diversify into AI and HPC hosting.

Read more: Bitcoin Mining Faces ‘Incredibly Difficult’ Market as Power Becomes the Real Currency

A report from earlier this year by Rittenhouse Research argues that Galaxy Digital’s move out of mining altogether could be the model for the sector.

This move has been applauded by the equity markets. While BTC is down more than 3% on-year, the CoinShares Bitcoin Mining ETF has gained nearly 22%. Investors are rewarding firms that have leaned into diversification rather than relying on block rewards alone.

Listed miners tell a similar story. Hive, Core Scientific, and TeraWulf all reported Q2 results padded by HPC and AI hosting revenues.

Those with no diversification, like Bitdeer and BitFuFu, remain deeply exposed to electricity costs, equipment depreciation, and a fee market that Galaxy warns in its report is “anything but robust.”

The juxtaposition is telling: Galaxy’s own research warns that the Bitcoin blockchain’s settlement role is stagnating, while Galaxy’s balance sheet is being repositioned for growth in AI data centers.

Onchain data makes the point: without organic demand for blockspace, fees can’t fund security. And if fees stay low, equity markets are painting a clear picture that mining sector’s best future returns may come from AI, not Bitcoin.

Market Movements

BTC: Bitcoin traded at $113,286.95, down 1.79%, after briefly plunging to a six-week low near $110,600, with the broader crypto market facing heavy liquidations and volatility.

ETH: Ether traded flat at $4,779 as Jerome Powell’s dovish Jackson Hole remarks boosted expectations of a September rate cut, with asset managers predicting new highs for bitcoin and an ETH breakout above $5,000 despite risks from treasury adoption and equity volatility.

Gold: Gold closed at $3,371 after Powell’s dovish Jackson Hole remarks boosted September rate-cut odds.

Nikkei 225: Asia-Pacific stocks climbed Monday, with Japan’s Nikkei 225 up 1.08%, after Powell signaled potential Fed rate cuts in September during his Jackson Hole speech.

Elsewhere in Crypto

The Funding: Why raising a crypto VC fund is harder now — even in a bull market (The Block)
Why Luca Netz Will Be ‘Disappointed’ If Pudgy Penguins Doesn’t IPO Within 2 Years (Decrypt)
KPMG Says Investor Interest in Digital Assets Will Drive Strong Second Half for Canadian Fintechs (CoinDesk)

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August 25, 2025 0 comments

Bitcoin trading data. Image: TradingView

Crypto Trends

Is Bitcoin’s 4-Year Cycle Over? Why BTC May Finally Break the Trend

by admin August 23, 2025

In brief

Bitcoin historically follows four-year cycles where it soars one year after its halving and then crashes in price.
Some experts say this cycle could be different, though.
This is because a new type of investor is now involved in buying the cryptocurrency via ETFs.

If history is anything to go by, then Bitcoin should plunge next year—and crypto markets will be in the red. But just because it’s happened before doesn’t mean it will happen again.

One of the hottest debates raging right now across the crypto industry is whether or not Bitcoin will stick to its usual four-year cycle. Experts have been chiming in from both sides of the spectrum, and Crypto X is rife with hot takes (as ever).

Last year, Bitcoin did something it hadn’t done before when it hit a new high ahead of the halving, following the approval of spot Bitcoin ETFs. This has led some analysts and observers to believe that Bitcoin’s typical cycle—when the coin hits a high the year after its halving, only to plunge by 70-80% the following year—is finished.

This guy gets it. We’ve been saying same thing. Since BlackRock filing Bitcoin is up like 250% with much less volatility and no vomit-inducing drawdowns. This has helped it attract even bigger fish and gives it fighting chance to be adopted as currency. Downside is prob no more… https://t.co/0ECd5XevcO

— Eric Balchunas (@EricBalchunas) July 26, 2025

“It’s just common sense,” Bloomberg Intelligence Senior ETF Analyst Eric Balchunas told Decrypt. “More stable owners, more stable price,” he added, referring to the ETF investors.

The approval of ETFs in January 2024 allowed millions of dollars in capital previously locked out of the markets to flood into the space. Months after they started trading, the leading cryptocurrency hit a new all-time high. The coin has since broken new highs off the back of crypto-friendly President Donald Trump’s victory, rising yet again to a fresh peak last week.

Investors in the space are now more sophisticated, too: Institutions from Harvard University and Goldman Sachs have bought Bitcoin—and via the ETFs, no less. Such investors are less likely to panic-sell, and are buying to hold for the long term, Balchunas said.

“I think the ETF kicked off this new phase, and I don’t know if the four year cycle would apply. I don’t want to say never, but again, you have to use common sense,” he said. “Volatility is based on the people who hold it.”

Bitcoin was recently trading for $115,492 per coin, up more than 2% over the past day and by 22% year-to-date, according to CoinGecko. It broke a new record of $124,128 on August 14.

In the previous bull run, Bitcoin peaked at a high of $69,044 in November 2021. But the hype didn’t last and a brutal correction occurred, leading Bitcoin to crash below $16,000 in November 2022 after a long list of crypto companies went bankrupt following the collapse of Terra—most notably the prominent digital asset exchange, FTX.

Bitcoin is now much more mature, however, and further integrated into traditional markets, noted André Dragosch, Bitwise’s Europe head of research.

“Our thesis is that macro- and demand-related factors are definitely becoming increasingly more important due to Bitcoin’s increasing integration into the global financial system,” he said.

Dragosch added that the performance effect from the halving—which occurs approximately every four years and slashes the BTC rewards earned by network-supporting miners—has been declining, while demand-related factors are becoming increasingly important.

But not all experts agree. A report by CoinGlass this week used data to point out that this year is looking increasingly like previous cycles—especially in terms of price action.

The report said that the flagship coin’s price movements are echoing what was seen in the cycles of 2015-2018 and 2018–2022, and that capital inflows into the asset are “showing signs of fatigue.”

“Alongside this, long-term holders have realized profit levels comparable to past euphoric phases, reinforcing the impression of a market late in its cycle,” the report read.

But it’s worth noting that every cycle, there are quirks—and HODLers will ultimately have to wait to see how things play out.

“Every time that we think, ‘This time it’s different,’ it seems that the market corrects us and shows us: ‘Nope, this time it’s exactly the same,'” Nick Hansen, CEO of Bitcoin mining firm Luxor, told Decrypt.

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August 23, 2025 0 comments

Crypto Trends

Saylor’s Strategy Does Not Aim To Influence Bitcoin’s Price

by admin August 22, 2025

Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, does not try to influence the price of Bitcoin when it executes its buys, according to the executive who oversees the company’s massive BTC treasury.

“The way we buy Bitcoin is we do not move the price of the Bitcoin,” Strategy’s corporate treasurer and head of investor relations, Shirish Jajodia, told Natalie Brunell on the Coin Stories podcast on Wednesday.

Market participants often speculate that Strategy’s significant Bitcoin (BTC) acquisitions help push the price of Bitcoin, but Jajodia says the firm carefully structures its purchases to avoid impacting the market.

Strategy started accumulating Bitcoin in 2020 and, at the time of publication, holds 629,376 Bitcoin, worth approximately $70.85 billion, according to SaylorTracker.

Shirish Jajodia spoke to Natalie Brunell on the Coin Stories podcast this week. Source: Natalie Brunell

“We manage our buys in a way that we are kind of some proportion of the market liquidity,” he explained. “So we do not eat up into the price of Bitcoin,” he added.

One way that companies manage significant transactions without affecting market prices is through Over-the-Counter (OTC) desks, which allow trades to take place privately rather than on public exchange order books.

All eyes on Strategy’s Bitcoin buys

Jajodia may be telling the truth, as Cointelegraph found that Bitcoin has had mixed behavior around Strategy’s most significant purchases, with some instances where Bitcoin rose, and others where it fell after a Strategy buy.

On Nov. 25, the company said it had acquired approximately 55,000 Bitcoin for $5.4 billion between Nov. 18 and 24, at an average price of $97,862 per coin.

Just a few weeks later, on Dec. 17, Bitcoin reached an all-time high above $106,000, amid a broader rally following Donald Trump’s US election victory, CoinMarketCap data shows.

In another case on July 29, Strategy bought 21,021 BTC for about $2.46 billion, yet within four days the price fell nearly 4%, sliding to $113,320 by Aug. 2.

Despite this, traders often still get excited when Saylor posts a Bitcoin price chart in the hopes the company will announce another large Bitcoin purchase.

Strategy is buying Bitcoin “around the clock,” Jajodia says

Jajodia said the firm adjusts the timing of its Bitcoin purchases depending on market conditions, but is active in the market most of the time. “We’re actually buying Bitcoin around the clock. Almost every day, every hour, every second we are in the market,” he said.

“If it is going down, we can take the opportunity to move faster,” he said.

Related: Strategy hits 4-month low as Saylor changes tack on MSTR issuance

Saylor has often suggested to his 4.5 million followers that he doesn’t care what price Bitcoin is; he is just accumulating to make his stack as large as possible.

On May 22, Saylor wrote in an X post, “I only buy Bitcoin with money I can’t afford to lose,” after Bitcoin fell from its previous high of $112,000.

Similarly, in late 2024, Saylor pledged to keep buying BTC at peak prices no matter how high prices would go.

Magazine: Scottie Pippen says Michael Saylor warned him about Satoshi chatter

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August 22, 2025 0 comments

Crypto Trends

Bitcoin’s Year-End Destination: SkyBridge Founder Stands By Bold Prediction, Here’s The Target

by admin August 20, 2025

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

Bitcoin seems to have shifted into a bearish mood as it retests the $113,000 price level, raising questions about a potential bear market phase. However, Anthony Scaramucci remains confident that BTC will recover from the ongoing downtrend and surge to a new high of $180,000 and beyond in 2025.

Scaramucci Keeps $200,000 Bitcoin Year-End Target Alive

Despite the robust downward movement in price, many analysts are still optimistic about Bitcoin’s potential in the short term, predicting a move to new all-time highs. Anthony Scaramucci, founder of SkyBridge Capital and a long-time Bitcoin advocate, has reignited bullish hopes as he recalled his end-of-year BTC prediction.

During an interview on CBNC posted by Altcoin Daily on the X platform, Anthony Scaramucci maintains that BTC is on track to reach between $180,000 and $200,000 by year-end. The founder’s prediction is backed by tightening supply dynamics, boosting institutional adoption, and growing global recognition of Bitcoin as a hedge asset.

According to Scamaracci, Bitcoin remains bullish in any scenario, expressing his hopes that United States President Donald Trump will pick the mama bear fed. His belief reflects an increasing number of well-known investors who think that Bitcoin’s next leg higher could be much more explosive than prior cycles.

When asked about the base and most bullish case for BTC, Scaramucci started by highlighting the current state of the market. “I think what is happening now is lots of consolidation and institutional adoption,” he stated.

Years ago, BTC’s price action was mostly driven by retail adoption and CEOs working in the layer 1 blockchain space. However, this trend has started to shift towards the institutional level over time, as large corporations accumulate the crypto king at a substantial rate.

A Transition Of BTC Ownership Ongoing In The Market

The founder has pointed to the robust performance of BlackRock’s Bitcoin Spot ETF, the IBIT, which has attracted a wide range of retail and institutional investors. While institutional adoption is increasing, Bitcoin whales continue to offload their holdings.

Scaramucci considers this pattern a crucial development, declaring it a shift in ownership. “I just think it is a function of buying in only 450 Bitcoin being made by the network per day,” he added. During this shift in ownership, the founder noted that demand for the flagship asset has surpassed issued supply or the overall available supply of BTC in the market.

Considering these developments, the founder is confident that BTC still has room for more growth, potentially reaching his bullish target between $180,000 and $200,000 this year. This bold prediction suggests the current pullback is likely a healthy correction before another explosive move.

Even though many other companies and analysts foresee a much higher target for Bitcoin by this year’s end, Scaramucci remains firm with his prediction, calling it a cautious price target.

BTC trading at $113,707 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

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August 20, 2025 0 comments

NFT Gaming

Market Observers Say Bitcoin’s Structure Looks Weak Even as Industry Strengthens

by admin August 20, 2025

Good Morning, Asia. Here’s what’s making news in the markets:

As Asia begins its trading day, BTC is down 3% in the past 24 hours, changing hands at $113,000, while Ether is also in the red, down 5.6% to $4,100, extending a week of weakness across majors.

The pullback comes despite a continued stream of bullish headlines, underscoring what market observers say is a widening gap between short-term price action and longer-term structural progress.

In a recent report, Glassnode frames the decline as a function of fragility: spot momentum is fading, leverage is stretched, and profit-taking pressure is building. Even though U.S.-listed spot ETFs attracted nearly $900 million in inflows last week, Glassnode warns that without renewed conviction in spot markets, positioning remains vulnerable to deeper deleveraging.

However, this view is not universal.

Enflux, a Singapore-based market maker, by contrast, argued in a recent note shared with CoinDesk that the industry is maturing faster than prices suggest.

Weak price action is a short-term disconnect, and traders aren’t focusing on the more important headlines: Google becoming the largest shareholder in miner TeraWulf, Wyoming launching a state-backed stablecoin, and Tether hiring a former White House crypto policy official.

These shifts, they argue, show capital and talent aligning around a regulatory-aligned, institutional future.

The divergence in tone is telling. One camp sees fragile positioning and fading momentum; the other sees scaffolding being laid for an institutional, regulatory-aligned cycle. Prices may look unimpressed, but the industry’s trajectory suggests the market is maturing faster than charts imply.

Market Movers

BTC: Bitcoin fell 3.2% to below $114,000 as cryptocurrencies and related stocks extended losses ahead of the Fed’s FOMC minutes and Powell’s Jackson Hole speech later this week.

ETH: Ether fell 3.5% to under $4,200 as investors reconsider the likelihood of a September Fed rate cut, with Bank of America economists warning Powell may argue for holding rates amid sticky inflation and tariff pressures.

Gold: Gold edged up to $3,384.70 and silver to $38.115 in quiet trading as markets await Powell’s Jackson Hole speech Friday on the Fed’s policy outlook, while global stocks were mixed and China’s central bank injected $65 billion to steady bonds.

Nikkei 225: Japan’s Nikkei slipped 1.14% to 43,050.89, retreating from record highs as investors weigh risks tied to a fragile U.S. trade deal.

S&P 500: U.S. stock futures were little changed Tuesday night, with the S&P 500 flat, Dow steady, and Nasdaq 100 down 0.2%, as investors awaited major retail earnings and Fed meeting minutes.

Elsewhere in Crypto

Bullish’s $1.15B in IPO Proceeds Was Entirely in Stablecoins—A First for Public Market (CoinDesk)
Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction (Decrypt)
Robinhood launching sports betting prediction markets on NFL and NCAA football via Kalshi partnership (The Block)

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August 20, 2025 0 comments

Crypto Trends

Is Bitcoin’s Four-Year Cycle Still Alive? Analyst Hints At An Eventful 100 Days Ahead

by admin August 17, 2025

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

The “Bitcoin cycle theory is dead” is one narrative that has gained increased traction as the year has gone on, especially with the premier cryptocurrency setting multiple all-time highs since April. This hypothesis is based on the shift in the market dynamics and the entry of a new group of investors.

Since the launch of Bitcoin exchange-traded funds (ETFs) in early 2024, the market has seen the entry of a new set of institutional players. This new trend or wave of investors is believed to have introduced some form of unpredictability to the market and price movements.

Nevertheless, a market analyst on X has asked an interesting question — what will happen if the traditional four-year cycle continues?

BTC Price Could Reach Cycle Top In 100 Days

In an August 16 post on social media platform X, a market analyst—bearing the name of renowned American economist Frank Fetter—shared an insight into how the Bitcoin price could move if the four-year cycle continued. According to the pundit, the next 100 days could be interesting for the flagship cryptocurrency.

This evaluation revolves around the Bitcoin Index Performance Since Cycle Low, which tracks the performance of the BTC price in various 4-year periods. This chart displays the cyclical nature of most financial markets, including the nascent cryptocurrency market.

Fetter highlighted a Bitcoin Index Performance chart in their post, showing the movement in the past two cycles (2015 – 2018 and 2018 – 2022) and the current cycle. As shown in the chart below, the price of BTC grew by 110x in the 2015 – 2018 cycle (green line) and took 1,068 days to reach its top.

Source: @FrankAFetter on X

Similarly, the price of Bitcoin reached the cyclical peak in 2022, 1,060 days after the cycle low in 2018. However, the premier cryptocurrency only did 21x in the 2018 – 2022 cycle (blue line), reflecting a more mature and stable market environment.

In the current cycle (black line), the price of BTC is up by 7.3x from its 2022 cycle low, which was 997 days. If the traditional four-year cycle theory is still in play, it means that the market leader could be about 100 days away from reaching its price top in this cycle. From an optimistic standpoint, this means that BTC might still have one leg up before peaking.

However, a continuous rally or sustained bullish momentum even after 100 days from now could spell the end of the cycle theory for the Bitcoin price. This shift in market structure could translate into longer bull runs and shorter bearish periods for the world’s largest cryptocurrency.

Bitcoin Price At A Glance

As of this writing, the price of Bitcoin stands at around $117,625, reflecting a mere 0.3% increase in the past 24 hours.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Featured image created by Dall-E, chart from TradingView

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August 17, 2025 0 comments

Crypto Trends

Bitcoin’s Next “Price Discovery Correction” Could Be Around the Corner

by admin August 17, 2025

Key points:

Bitcoin has enjoyed six weeks of its latest “price discovery uptrend” — but a correction is now due.
Analysis shows that in previous halving cycles, BTC price tends to halt its second uptrend after five to seven weeks.
A new dip now would still allow fresh all-time highs in Q4.

Bitcoin (BTC) may start the last week of its latest “price discovery uptrend” on Monday with the price stuck below $120,000.

New findings released Sunday by popular trader and analyst Rekt Capital show that BTC price is running out of time to make new highs.

Bitcoin hits classic “price discovery correction” zone

Bitcoin risks keeping its recent $124,500 all-time high in place — if it follows historical patterns.

Updating X followers on bull market progress, Rekt Capital noted that Bitcoin is about to start the seventh week of its second “price discovery uptrend” since its 2024 halving.

After each halving event, the subsequent bull market contains a succession of such uptrends, each accompanied by a correction. The timing of each phase throughout Bitcoin’s lifespan has been roughly similar.

“Historically, Bitcoin Price Discovery Uptrend 1 tends to end between Week 6 & 8 of its uptrend. Whereas in Price Discovery Uptrend 2, Bitcoin tends to end its uptrend between Week 5 & 7,” Rekt Capital summarized.

“Week 7 of Price Discovery Uptrend 2 begins tomorrow.”BTC/USD one-week chart. Source: Rekt Capital/X

A linked chart from earlier in the year shows a potential upside target for the second uptrend at just below $160,000.

“But if we think critically about previous Price Discovery Corrections across the cycles… Then only one of them started in Week 8 (2017), one of them started in Week 6 (2021) and and two of them started in Week 7 (2013 and 2025),” a newsletter on the topic observed in July.

In 2025, Bitcoin’s first corrective phase took the price from near $110,000 to under $75,000 — a roughly 30% drawdown not uncommon in previous halving cycles.

New BTC price all-time high in Q4?

Continuing, fellow trader Daan Crypto Trades noted that BTC/USD has not yet delivered a “green” August and September back-to-back.

Related: Ether unstaking queue hits $3.8B: What does it mean for ETH price?

However, a dip could form the pretext for a larger cycle top to come toward the end of the year.

“We tend to see a quick flush followed by an explosive Q4 in most of the bull market years,” part of an X post stated Sunday.

“Any larger flushes in the next 1-2 months would be welcomed and could very well be the last larger dip for the Q4 end of the year rally which we see so often. If not, that’s fine too but I think it would pull forward a bigger high timeframe top as well.”BTC/USD monthly returns (screenshot). Source: CoinGlass

Data from monitoring resource CoinGlass shows BTC/USD up 2.1% in August, already slightly above the 1.8% average. September, by contrast, has on average delivered a 3.8% price drawdown.

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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August 17, 2025 0 comments

GameFi Guides

Saylor Reacts to Bitcoin’s Mortgage Breakthrough

by admin June 25, 2025

The U.S. Federal Housing Finance Agency (FHFA), which oversees mortgage giants Fannie Mae and Freddie Mac, has directed them to develop a proposal to treat crypto as an eligible asset for mortgage risk assessment.

The move has been described as a “defining moment” for Bitcoin’s institutional adoption by Strategy co-founder Michael Saylor.

Bitcoin has been recognized as a reserve asset by the U.S. housing system — a defining moment for institutional BTC adoption and collateral recognition. https://t.co/Awzl23IcOh

— Michael Saylor (@saylor) June 25, 2025

Cryptocurrency holdings will be considered as part of a borrower’s reserves, and there will be no need to convert them into U.S. dollars.

In order to be eligible, such crypto assets have to be stored on U.S.-regulated centralized exchanges of the likes of Kraken and Coinbase. The borrower is supposed to provide proof of ownership and storage.

Analysts Say Bitcoin’s Long-Term Focus Is Easing War Jitters

by admin June 25, 2025

Good Morning, Asia. Here’s what’s making news in the markets:

After a tense weekend that saw the U.S. bomb an Iranian nuclear site, bitcoin has regained its footing, hovering around $106K as Asia begins its Wednesday session and pushing past levels from earlier this month when Israel bombed Iran.

Part of the reason why crypto has recovered alongside traditional markets is just how correlated the two have become.

“Bitcoin’s sensitivity to traditional asset classes and macroeconomic indicators has evolved markedly over the past few market cycles, reflecting its growing integration into the broader macro-financial system,” a recent report from Glassnode and Avenir Group reads. “Institutional infrastructure has reshaped how capital engages with bitcoin. As a result, its market behavior is increasingly governed by structural liquidity, long-horizon positioning, and regulated access points.”

That institutional backbone was visible again this week.

Semir Gabeljic, director of capital formation and investment strategy at Pythagoras Investments, cited ETF flows as a major tailwind: “The huge recent capital inflows in Bitcoin ETFs of $1.1 billion last week and even $350 million today alone” are driving the positive trend.

Spencer Yang, Core Contributor to Fractal Bitcoin, added that one of the reasons why BTC was able to shake off war jitters so quickly is that fundamentally, nothing has changed about the asset class due to the conflict in the Middle East.

All the metrics that investors would look to for BTC are still there, and other bullish market sentiment is possibly on the way.

“We’re seeing continued interest in protocols like BRC-20, especially with the recent upgrade, as well as Runes and Alkanes, which have been getting a lot of attention,” he added. “So overall, on‑chain activity across the board is increasing thanks to these types of assets.”

The takeaway? As bitcoin becomes increasingly defined by institutional demand and macro liquidity cycles, analysts see its price action as less about reacting to headlines and more about long-term capital commitment. This structural shift is what continues to anchor BTC above $100K, despite the noise.

Tim Draper: Bitcoin Is Eating Crypto as Innovation Flocks to BTC

The Bitcoin blockchain is becoming the new home for crypto innovation, absorbing ideas once exclusive to altcoins, just as Microsoft once consolidated the software revolution under its operating system empire, Tim Draper argued in a recent post on X.

Draper pointed to BTC dominance, a metric equivalent to its “market share,” rising over 60%,up from 40% after the 2017 boom-bust cycle and 50% following the 2021 peak, as proof that Bitcoin is reasserting control over the broader crypto ecosystem.

Much like how Microsoft integrated or cloned early success stories like Lotus 1-2-3, WordPerfect, and PowerPoint to form its software suite, Draper says Bitcoin is now incorporating once-altcoin-exclusive innovations: smart contracts, DeFi, ordinals, and low-cost layer 2s.

“All the successful innovations on other platforms are now being ported to Bitcoin,” Draper wrote, calling it an “acceleration” that mirrors Big Tech consolidation. Developers, he said, are increasingly gravitating toward Bitcoin as the most secure and valuable chain.

Draper, who runs a Bitcoin-focused accelerator with Boost VC, said the next generation of entrepreneurs is building on Bitcoin not just for ideological reasons, but because the infrastructure and ecosystem are now ready.

“Smart entrepreneurs are always building on the platform with the strongest gravitational pull,” he wrote. “That platform is Bitcoin.”

WazirX Granted Extension to Present Revised Restructuring Plan

WazirX has received a court-approved extension from the Singapore High Court, allowing it to present further arguments in support of its proposed Scheme of Arrangement. The court also extended the moratorium on creditor actions, which will now remain in place until a ruling is issued on the revised plan.

In a statement released Monday, the exchange said it is awaiting further directions from the court and reiterated its commitment to resolving outstanding claims. The company’s original restructuring plan, rejected by the court last month, as CoinDesk previously reported, sought to reimburse users affected by a $234 million hack in July 2024 through the issuance of recovery tokens and a transfer of operations to a new entity, Zensui Corporation.

More than 93% of creditors had approved the initial plan, but the court cited concerns around governance and transparency.

Without an approved arrangement, WazirX faces the possibility of liquidation under Singapore’s Companies Act, which could lead to extended delays and reduced creditor recoveries. No date has been set for the next court hearing.

Market Movements

BTC: Bitcoin surged past $106,000 after a ceasefire between Israel and Iran eased geopolitical tensions, triggering a breakout fueled by high-conviction buyers, bullish technical signals, and strong on-chain accumulation, while the broader CD20 index also climbed nearly 1% amid renewed market strength.
ETH: Ethereum surged 4% to break above $2,450 as Trump’s announcement of an Israel-Iran ceasefire eased global tensions, triggering renewed institutional accumulation and strong on-chain buying momentum.
Gold: Gold fell as much as 2% to $3,300 after Trump’s surprise Israel-Iran ceasefire announcement eased geopolitical tensions, weakening safe-haven demand even as the metal remains up over 25% year-to-date.
Nikkei 225: Japan’s Nikkei 225 rose 0.12% as Asia-Pacific markets opened higher Wednesday, buoyed by the Israel-Iran ceasefire and new signals from the U.S. Federal Reserve.
S&P 500: U.S. stocks surged Tuesday, with the Nasdaq and S&P 500 hitting their highest levels since February as a tech-led rally gained momentum amid growing optimism over a fragile U.S.-brokered Israel-Iran ceasefire.

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June 25, 2025 0 comments