Bitcoin would need 90% crash to $8K to stress MicroStrategy balance sheet, says CEO
Michael Saylor says only an extreme 90% Bitcoin drop to $8,000 would make the firm’s BTC reserves equal its net debt, limiting its ability to repay convertibles using Bitcoin alone.
In that scenario, the company could restructure, issue equity, or take on more debt over the next five years. He added no covenants are triggered even with Bitcoin below the $76K average buy price.
JPMorgan Flags Bitcoin Edge Over Gold as Risk Profile Improves Long Term
JPMorgan Chase says Bitcoin is becoming more attractive than gold for long term investors. The bank notes gold’s strong rally and higher volatility have shifted the balance.
Bitcoin is now trading well below its estimated production cost, a level that has often acted as support in past cycles. Recent crypto weakness has not triggered heavy forced selling.
The bank adds that Bitcoin’s volatility relative to gold has dropped to a record low, improving its risk adjusted profile and signaling strong upside potential over time.
Bhutan associated crypto wallets shifted about 284.8 BTC valued near $22.4M in fresh on chain transfers. A large portion moved toward trading linked addresses, including a QCP connected wallet.
At the same time, 1.5M USDT was sent to Binance while another 1.5M USDT came in from Kraken, showing active stablecoin flows alongside the BTC movement.
Such patterns typically signal liquidity actions or potential sell side activity, though no official confirmation of a completed sale has been issued.
Bitcoin saw $75M in long liquidations over the past two hours. Meanwhile, Michael Saylor’s Strategy is sitting on an unrealized loss of about $2.1B on its Bitcoin holdings.
$467.6B Wiped From Crypto Market in Days as Bitcoin Hits 15 Month Low
The crypto market lost $467.6B in less than a week. Bitcoin dropped sharply to $72,877 before recovering toward $76,500.
BTC Markets said the fall pushed sentiment into “extreme fear.” Michael Burry called Bitcoin speculative, while Michael Novogratz said the strong belief in holding has cracked, leading to more selling.
Michael Burry Flags Corporate Risk From Bitcoin Slide
Burry warns companies with large Bitcoin holdings could face severe financial stress if the crypto decline continues. Heavy balance sheet exposure may raise bankruptcy risk.
He says Bitcoin is acting like a risk asset tied to stock markets, not a safe haven like gold. That link could amplify broader market pressure.
تبلغ قيمة احتياطيات بيتكوين مايكيل سايلور في مايكروستراتيجي حالياً خسارة غير محققة تقدر بحوالي 1.26 مليار دولار، مع تقييم المحفظة بالقرب من 53 مليار دولار. في ذروتها، كانت قيمة حزمة البيتكوين تتجاوز 76 مليار دولار، مما يظهر تراجعاً حاداً عن القيم المرتفعة لرهان خزينة مايكيل سايلور.
عاجل: بيع فضة بقيمة 3.5 مليار دولار، وذهب بقيمة 650 مليون دولار يُتوقع أن يحدث مع إعادة توازن صناديق الاستثمار المتداولة؛ أسوأ انخفاض منذ 2006
من المتوقع أن تؤدي إعادة توازن صناديق الاستثمار المتداولة ذات الرافعة المالية إلى دفع حوالي 3.5 مليار دولار من عمليات البيع في الفضة و650 مليون دولار في الذهب.
تسجل الفضة والذهب أسوأ جلساتهما منذ 2006، مع تسجيل -13 zScore في الفضة و-9 zScore في الذهب. تمسك صناديق التحوط بفضة بقيمة 5 مليار دولار وذهب بقيمة 15 مليار دولار، مما يزيد من مخاطر الانخفاض.
BREAKING: Strategy Slows Bitcoin Buying, Adds $264M as Total Holdings Hit 712,647 BTC
Strategy bought 2,932 BTC for $264.1M last week at an average price of $90,061, sharply lower than $1B+ weekly purchases earlier this month.
The buy was funded via $257M in common stock and $7M in preferred stock. Total holdings now stand at 712,647 BTC, acquired for $54.19B, worth about $62B at current prices. $BTC
Silver premiums surge as China pays above paper prices
Robert Kiyosaki says Chinese buyers paying $10 plus premiums over Western spot prices for physical silver show a widening gap between paper and physical markets.
With COMEX silver at record highs near $94.95 per ounce, he links the premium to surging industrial demand, thin inventories, and tight physical supply.
Kiyosaki warns that once physical prices fully break away from paper pricing, the correction is usually sharp and far from smooth.