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Bitcoin buyers and bagholders are both selling into the rebound below $70,000
BTC must absorb selling from older and newer investors before challenging nearly $4.5 billion in call open interest between $70,000 and $80,000
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Happy Friday!
Crypto’s next phase is looking less like simple price appreciation and more like a test of whether balance-sheet bets, market structure, and infrastructure can hold up under pressure. That matters for readers because the biggest risks now sit where adoption claims, leverage, and treasury strategies meet real cash flows and investor recoveries.
In London, Satsuma shareholders are weighing a full Bitcoin sale and delisting, exposing how uneven outcomes can become when treasury vehicles unwind. Bitcoin is also facing selling from both recent buyers and older holders below $70,000, even as traders watch the $69,000 cost basis.
The global crypto market cap is $2.18 trillion, with a 24-hour volume of $63.94 billion. The price of Bitcoin is $63,332.14, and BTC market dominance is 58.4%. The price of Ethereum is $1,831.29, and ETH market dominance is 10.2%. The best-performing sector is Crowdfunding, which gained 8%. The Crypto Fear & Greed Index is currently Extreme Fear (27).
📰 Top News
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Bitcoin buyers and bagholders are both selling into the rebound below $70,000
BTC must absorb selling from older and newer investors before challenging nearly $4.5 billion in call open interest between $70,000 and $80,000
Bitcoin treasury troubles reach London as company votes to sell its entire BTC stack and delist
The vote pits Satsuma’s future as a listed Bitcoin treasury company against a cash exit that could leave former convertible-note investors with vastly different recoveries.
Steak ‘n Shake credits Bitcoin for company growth – But is PR value now worth more than people actually using BTC?
The chain reports 16% July sales growth, but without BTC payment share its merchant model cannot be measured.
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Buy Borrow Die Guide Series: Capital preservation in practice: how major players use high-LTV crypto-backed loans
A practical guide to using high-LTV crypto-backed loans to unlock liquidity without selling, covering LTV, liquidation thresholds, risk monitoring, loan recovery, and cross-collateralized portfolio management. Brought to you by CoinRabbit.
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