Bitcoin is sluggish at the end of the month, but that didn’t stop Strategy and Metaplanet from buying over 5,000 BTC in August.
Gold surged to a record high after Donald Trump’s “no inflation” comments, but Bitcoin fell to a two-month low, breaking their correlation pattern.
During a 12-hour buying spree over the weekend, the “Bitcoin OG” whale gobbled up 96,859 spot Ether after selling 4,000 Bitcoin.
Bitcoin liquidation heat maps favor sellers, who continue to overpower bulls in spot and futures markets despite the return of dip buyers.
Businesses are outstripping miner output several times over, potentially triggering a supply shock if exchange reserves continue to dwindle.
Metaplanet’s stock has plunged 54% since mid-June, forcing the Tokyo-listed firm to seek alternative fundraising as its share-based “flywheel” falters.
Buy the dip mentions on social media are climbing as Bitcoin falls, which could be a sign the market hasn’t bottomed yet, Santiment says.
A Bitcoin adviser says Bitcoin could reach as high as $10 million, and people will still be saying, “It can’t go any higher, right?”
Trump reiterated calls for $1 million Bitcoin but said the vast majority of market participants still don’t understand digital money.
Crypto treasury firms introduce several layers of risk to an asset class that inherently features reduced or no counterparty risk.