Core Viewpoint - The cryptocurrency market is experiencing a significant downturn, primarily triggered by the hawkish nomination of Kevin Warsh as the Federal Reserve Chairman, leading to a crisis of asset identity for Bitcoin [1][3]. Group 1: Macro Impact - The hawkish stance of Kevin Warsh, characterized by high interest rates and rapid balance sheet reduction, is detrimental to the liquidity-dependent cryptocurrency market, effectively removing the "oxygen" of liquidity [3]. - The market's response to this environment has been a rapid sell-off, indicating a loss of liquidity premium and a focus on immediate liquidation [3]. Group 2: Key Price Levels - A critical price level for Bitcoin is $76,038, which is the average holding price for MicroStrategy, the largest corporate holder of Bitcoin. Falling below this level could signify a loss of confidence and trigger further selling pressure [4]. - The significance of this price point extends beyond technical analysis; it represents a psychological barrier for institutional investors [4]. Group 3: Identity Crisis - Bitcoin is currently facing a severe "identity crisis," being pulled in four conflicting valuation directions, which has led to algorithmic trading taking over the market dynamics [6]. - Despite a 266% increase in the usage of the Lightning Network, irrational market behavior continues to dominate, resulting in widespread sell-offs [6]. Group 4: Strategic Recommendations - In the current environment where institutions are uncertain about Bitcoin's identity, ordinary investors are advised against trying to "catch the bottom" and should instead focus on utilizing hedging strategies [6]. - Short-term hedging can be achieved through instruments in the Hong Kong or U.S. markets, while a long-term mindset should be adopted to accept volatility and avoid seeking perfect entry points [8].

2026 has opened on a brutal note for crypto and even longtime Bitcoin believers are feeling the chill. On Feb. 3, Bitcoin (BTC) plunged below $73,000, marking its steepest decline since early November 2024 and deepening losses from the flash crash that rattled markets on Oct. 10 last year. For Michael Saylor's MicroStrategy, now known as Strategy (NASDAQ: MSTR), the timing couldn’t be worse. Related: MicroStrategy struggles ahead of earnings after latest Bitcoin crash The company’s average Bitcoin purc ...

Group 1 - Cryptocurrency concept stocks experienced significant declines, with mining companies leading the drop [1] - IREN Ltd (IREN.US) fell nearly 11%, Hut8 (HUT.US) dropped over 9%, Cipher Mining (CIFR.US) decreased nearly 9%, and TeraWulf (WULF.US) declined over 8% [1] - Other stocks such as MicroStrategy (MSTR.US) and Bitmine Immersion Technologies (BMNR.US) also saw declines of over 3% [1] Group 2 - Bitcoin plummeted over 4%, falling below $75,000 [1] - Ethereum dropped more than 5%, trading at $2,181.25 [1]

智通财经APP获悉，周三，加密货币概念股重挫，加密矿企跌幅居前，IREN Ltd(IREN.US)跌近11%， Hut 8(HUT.US)跌超9%，Cipher Mining(CIFR.US)跌近9%，TeraWulf(WULF.US)跌超8%;囤币股 Strategy(MSTR.US)、Bitmine Immersion Technologies(BMNR.US)跌超3%。消息面上，比特币大跌超 4%，跌破75000美元;以太坊大跌超5%，报2181.25美元。 ...

With crypto winter clearly having set in, bulls are now left looking for signs that the bearishness has become so embedded that a bottom might form. One case in point might be a note from Canaccord's Joseph Vafi on Wednesday, slashing his price target on Strategy (MSTR) by a whopping 61% to $185 from $474. Vafi, who lifted his outlook on Strategy as recently as November (to that $474 level), still maintains a buy rating on the stock, and his new $185 target suggests about 40% upside from last night's cl ...

Strategy Inc (MSTR) stock was a bearish candidate that came up on one of my Barchart Stock Screeners that searches for stocks trading below their 50-day moving average and having a high IV Percentile. Here are the full parameters for the screener and the results. More News from Barchart A screenshot of a computer AI-generated content may be incorrect. Today, we’re going to look at a Bear Call spread trade that assumes MSTR will struggle to get back above the 95 level in the next few months. A Bear Ca ...

Group 1 - Bitcoin has hit new lows for the year, briefly falling below $73,000, marking levels not seen since November 2024 [1][5] - Crypto-linked stocks such as Coinbase, Strategy, Circle, and Gemini have experienced declines of at least 15% over the past five trading days [1][5] - The recent drop in Bitcoin coincided with a broader sell-off in risk assets, including significant declines in major U.S. tech stocks [2][3] Group 2 - Some experts suggest there may be a "value zone" for Bitcoin in the mid-$70,000s, although it recently traded above $76,000 [2] - Predictions for Bitcoin prices are pessimistic, with a 48% probability placed on prices hitting $70,000 or below in the near term [4] - A shorter-term events contract indicates that bettors expect Bitcoin prices to end below current levels by the end of February [5]

2026 has brought the crypto market to its knees, which was already under pressure since the flash crash on Oct. 10 last year. Bitcoin (BTC) crashed below $73,000 on Feb. 3, and I checked—it is the king coin's worst crash since early November 2024. Related: Cathie Wood sends blunt message after Bitcoin crashes As per the onchain analytics platform CoinGlass, over $660 million worth of crypto positions have been liquidated within the last 24 hours. It includes $526.5 million in long and $135 million in sh ...

Bitcoin briefly dived below the $73,000 mark on Tuesday, hitting its lowest price in nearly 16 months. The world's oldest cryptocurrency sank as low as $72,884.38, falling more than 6% on the day. That's its lowest level since Nov. 6, 2024, when the token traded at $68,898. Bitcoin was last down more than 3% at $75,658.95 around 5:25 p.m. ET.Strategy, a bitcoin treasury firm, ended the trading session down more than 4%. ...

The second half of January delivered a harsh reality check for bitcoin development company Strategy (MSTR) as its shares slid sharply and reignited doubts about its ability to outperform over the long run. The stock is now trading nearly 72% below its 52-week high, reflecting the eroding confidence. The loss of faith accelerated as Bitcoin (BTCUSD) fell decisively below the $80,000 level, a key psychological threshold and the estimated cost base for many spot ETFs. The breakdown triggered broad risk aver ...