Listen to today’s podcast: https://www.youtube.com/channel/UC-nqwUyvLDEvs7bV985k-gQ
Today’s podcast episode was created from the following stories: a whirlwind 24 hours of crypto volatility, miner stress, shifting institutional flows, and fresh debate over Bitcoin’s long-term resilience. Here’s what you need to know, fast.
Bitcoin crashes as crypto investors whine about people making fun of them
Bitcoin plunged below $63,000, marking a roughly 50% drop from last year’s peak and one of its largest dollar drawdowns on record. The piece explores how politics and sentiment—fueled by expectations around President Trump and skepticism from economists like Paul Krugman—are shaping the market, alongside headlines about MicroStrategy’s multibillion-dollar losses. It also highlights the cultural divide as both critics and supporters spar over the crash.
Bitcoin whales and ETFs are baling out of the market; UBS warns ‘crypto is not an asset’
The report highlights selling pressure from bitcoin whales and outflows from spot ETFs, signaling a risk-off tone across crypto. UBS’s view that “crypto is not an asset” underscores a cautious institutional stance, adding to headwinds for a durable bottom.
MicroStrategy clarifies true breaking point: what happens first in a bitcoin collapse
MicroStrategy outlined an extreme downside scenario in which a 90% BTC decline to about $8,000 would make its bitcoin reserves roughly equal to net debt. Management said such a path is unlikely and would play out over years, with levers like restructuring or new financing taking precedence over forced BTC sales. The remarks clarify sale triggers and spotlight how leverage amplifies both upside and downside.
Bitcoin flash crashes to $60,000, traders refuse to catch ‘falling knives’: analysts
Bitcoin flash crashed to around $60,000 as volatility spiked and liquidity thinned, prompting traders to avoid “catching falling knives.” Analysts noted the reluctance of buyers to step in amid uncertainty, with sentiment dominated by risk management over dip-buying.
Bitcoin miner MARA moves $87 million BTC to various trading desks and exchanges: Arkham
Marathon Digital moved 1,318 BTC (about $87 million) to venues including Two Prime and BitGo, a flow that drew attention given fragile market conditions. While such transfers can be routine treasury or collateral moves, traders watch them for potential selling signals as miners face margin pressure with prices below estimated production costs.
Crypto market brightens after selloff that sent bitcoin to lowest since October 2024
After one of crypto’s sharpest selloffs—with $2.6 billion in liquidations and bitcoin hitting $60,000—markets staged a tentative rebound. Derivatives metrics showed leverage flushing out, implied volatility spiking, and a heavy bid for puts, while DeFi underperformed and selective tokens bucked the trend. Oversold readings raise bounce potential, but the broader backdrop remains bearish.
Jefferies sees few signs of a crypto bottom yet flags upside for tokens with fundamentals
Jefferies argues the decline looks liquidity-driven rather than a collapse in blockchain activity, with network usage largely intact. The bank sees whale selling and ETF outflows as near-term drags, yet flags longer-term upside for tokens with real fundamentals as traditional finance participation grows.
Bitcoin’s crash to $60,000 has traders hunting for a hidden fund blowup
Traders floated theories that a large, possibly Asia-based, non-crypto player faced forced liquidations, with unusual options activity around BlackRock’s IBIT cited as a clue. The selloff also revived debates over bitcoin’s long-term security, including calls for more urgent work on quantum resistance. Until flows reset, participants are treating rebounds cautiously.
Bitcoin plummets in value again after week of heavy losses
Bitcoin’s latest slide—down roughly 14% on Friday to about $62,900—extends a week of heavy losses amid global risk-off moves. The story places the drop in a broader macro and political context, from stalled U.S. crypto legislation to simultaneous declines across equities and precious metals.
Bitcoin flash crashes to $60,000, traders refuse to catch ‘falling knives’: analysts
Another account of the rapid drop to $60,000 emphasizes the scale of intraday swings and the risks of buying into a cascading selloff. With uncertainty elevated, market participants prioritized capital preservation over aggressive dip-buying.
Taken together, these stories capture a market gripped by forced deleveraging, miner strain, and shifting institutional flows—yet still underpinned by ongoing network activity and selective conviction. Whether we’re near a tradable bounce or not, the theme is clear: liquidity and risk management are in the driver’s seat, and fundamentals will matter more as the dust settles.
