Kategorie: Bitcoin News

Bitcoin news about the Bitcoin (BTC) blockchain and its crypto ecosystem.

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Strategy ramps up capital mix shift as Bitcoin-focused funding model expands

  • The company used common equity, preferred equity, and convertible debt this year.
  • Preferred equity became a major part of the 2025 structure.
  • Structured offerings included STRF, STRC, STRE, STRK, and STRD.

Strategy has entered 2025 with a funding approach that looks markedly different from its previous cycle, using a wider mix of securities to accelerate its capital inflows.

The company confirmed that it has raised $20.8 billion year-to-date in 2025.

The pace brings Strategy close to its entire 2024 total despite being recorded within a shorter period.

The latest breakdown signals how the firm’s financing activity is now tightly linked to its position in the corporate Bitcoin market, where it remains one of the largest holders globally.

New mix

Company data showed that Strategy raised $20.8 billion so far this year through a combination of common equity, preferred equity, and convertible debt.

The largest component was $11.9 billion in common equity, followed by $6.9 billion in preferred equity and $2.0 billion in convertible debt.

The preferred equity portion marks a notable shift for Strategy.

In 2024, the company relied on common equity and convertible debt, raising $16.3 billion and $6.2 billion, respectively.

The absence of preferred equity at scale in the previous cycle makes the new mix stand out as a structural change rather than a one-off adjustment.

The company also detailed activity across structured offerings.

These included $1.18 billion in STRF, $2.68 billion in STRC, $0.71 billion in STRE, $1.25 billion in STRK, and $1.07 billion in STRD.

Each of these securities contributed to the overall capital formation that pushed the year’s total to $21 billion.

Capital strategy

The broader mix in 2025 indicates that Strategy is increasing its reliance on varied securities to support its plans linked to digital assets.

Previous company statements have described Bitcoin as a treasury reserve asset, and the firm continues to align its fundraising operations with this approach.

Industry tracking data shows that Strategy holds one of the largest corporate Bitcoin positions worldwide.

This has drawn institutional participation into its offerings, as noted by the company.

The expansion of preferred equity and the continued use of convertible debt point to a funding structure designed to maintain access to capital while supporting the company’s cryptocurrency allocation strategy.

Although the company did not reference specific future goals in the latest update, the steady pace of fundraising and the widened mix suggest a model that can scale alongside digital asset accumulation.

The company’s method offers flexibility in market conditions, allowing it to tap investors through different instruments depending on demand.

Momentum

Figures showed that Strategy’s 2025 capital raising is approaching its 2024 total of $22.6 billion.

The rapid accumulation implies that if the current level continues, Strategy may exceed last year’s amount by year-end.

The pace adds further weight to the shift in how the firm uses capital markets to manage its treasury positioning and broader financial structure.

Investors have continued to participate across the company’s offerings as Strategy builds on its role in the Bitcoin market.

With the capital raised this year coming from a wider range of instruments, the company has positioned itself to keep drawing institutional demand while supporting its ongoing cryptocurrency acquisition strategy.

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Bitcoin under pressure as ETF outflows and margin liquidations drive sharp selloff

  • Bitcoin ETF outflows and shrinking liquidity intensified the recent BTC price decline.
  • Margin liquidations accelerated the selloff as key support levels broke.
  • Correlation with tech stocks added pressure amid broader risk-off sentiment.

Bitcoin price has come under intense pressure in recent weeks, with the market enduring a deep pullback fueled by weakening demand, heavy ETF outflows, and a wave of forced liquidations.

The downturn has erased months of gains and pushed traders to question whether the latest slide marks a temporary setback or the start of a deeper cycle reset.

ETF outflows add fuel to the decline

Bitcoin’s slide has been sharp and persistent since its early October peak above $126,000.

Since the October peak, the cryptocurrency has shed almost $800 billion in value, sinking to levels last seen in the spring.

ETFs, once a stabilising force for Bitcoin (BTC), are now driving additional weakness.

BlackRock’s IBIT ETF, which previously absorbed sell-offs, has posted its largest monthly redemption on record, with $520 million leaving the fund.

This reversal marks a shift in institutional sentiment and has become a major source of downward pressure.

A recent NYDIG research highlights how ETF outflows, shrinking stablecoin supplies, and changing corporate treasury strategies are eroding the demand engine that supported Bitcoin earlier this year.

Greg Cipolaro of NYDIG describes the current cycle as a “negative feedback loop,” in which factors that once boosted the market are now accelerating the downturn.

This shift has placed Bitcoin under sustained selling pressure at a time when broader risk appetite is also weakening.

A key part of this shift can be seen in the stablecoin market, where supplies have declined for the first time in months, with some tokens losing significant value after liquidation events.

In addition, digital asset treasuries, once active Bitcoin buyers, are pulling back as they reduce liabilities through asset sales or share buybacks.

These moves have contributed to a steady drain of liquidity across the crypto sector.

Bitcoin price outlook

From a technical standpoint, Bitcoin has plunged into oversold territory and printed a hammer candle, hinting at a potential swing low.

Eyes are now on $88,500, which capped rallies earlier in the year and briefly halted last week’s selloff.

A sustained break above it could create conditions for a short-term recovery, with targets near $94,000 and $95,000.

However, that setup faces stiff resistance from broader market sentiment.

Bitcoin’s tight relationship with risk assets adds another layer of complexity.

The correlation between Bitcoin and Nasdaq 100 futures has climbed to unusually high levels, reaching near 0.96.

When tech stocks fall, Bitcoin tends to follow, and recent turbulence tied to concerns over an AI bubble has weighed heavily on both markets.

Bitcoin dominance has also slipped to multi-month lows, signalling that capital is drifting away from BTC and into either safer assets or high-risk alternatives.

The market is also seeing increased volatility from margin liquidations.

Leveraged positions, especially in perpetual futures, have magnified the recent moves.

As Bitcoin fell below $87,000, more than $900 million in positions were wiped out, with longs taking most of the damage.

Notably, liquidation cascades have become a recurring theme, deepening each leg lower.

Furthermore, oscillating indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), remain bearish, hinting that previous bounces have been sold into quickly.

Bitcoin price analysis
Bitcoin price analysis | Source: TradingView

A drop below recent lows could open the door to a retest of the $76,000 region, where Bitcoin (BTC) stabilised during an earlier market shock linked to tariff fears.

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OKB price dips 20% as OKB Boost contract glitch drains entire reward pool

  • The malfunction allowed 32 wallets to claim 623M PYBOBO within 4 seconds.
  • The event emptied nearly all the 625M reward pool almost instantly.
  • The glitch coincides with OKB’s price underperformance.

The virtual currency sector recorded another sell-off on Friday as Bitcoin lost 10% in the past 24 hours to press time’s $81,865.

The global crypto market cap stands at $2.81 trillion after a 10% decline over the last day.

Amidst the broader bloodbath, OKX’s native token suffered the most as the downside coincided with OKX facing new scrutiny after an unexpected contract glitch in its recent Boost reward campaign.

A planned distribution of PYBOBO coins ended up with nearly all the pool drained within four minutes, and it wasn’t the massive demand as earlier thought.

OKX’s token underperformed the overall cryptocurrency market in the past 24 hours.

It dipped from $115 to $94 during this writing, and over 18% dip on its daily price chart.

OKB experienced intensified selling pressure as the news of contract malfunctioning spread.

A 4-second glitch empties 99.68% of incentives

On-chain stats show that 32 addresses claimed 623 million PYBOBO coins, wiping nearly all the 625 million allocated for the distribution event.

The most striking thing is that the entire sweep took only four seconds, catching the team and participants unaware.

Notably, a multifunction within the OKX Boost claim contract seems to have permitted abnormal, rapid claims, allowing a few addresses to receive far more PYBOBO tokens than initially planned.

OKLink identified a particular wallet that claimed 37.847 million tokens, worth roughly $18,600.

Nevertheless, what’s striking is how fast the pool evaporated, with 99.68% of rewards gone by the time the ream noticed the glitch.

The event’s nature indicates an unintended move that propelled distributions well beyond their specified limits.

OKX Wallets halts claiming amid investigations

The team acknowledged the issue immediately after the reports emerged and confirmed delaying PYBOBO claiming until after resolving the contract issuer.

The temporary pause aims to prevent further potential damage as the project conducts a review.

The team has promised to publish more updates as they investigate the matter.

The incident sent ripples across the OKX ecosystem. OKB testified to that with its overwhelming selling pressure.

OKB price outlook

OKX’s token  hit a daily low of $94 after losing the $100 psychological mark.

It has dropped from a daily high of $115, losing over 18% of its value in the past 24 hours.

OKB has seen its daily trading volume surge 100%, signaling increased speculative activity.

The digital coin would likely slump further before regaining a dependable footing as sellers thrive in the current financial landscape.

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Japan stimulus shakes global markets as yen sinks and crypto demand rises

  • Japan’s 40-year bond yield rose to 3.774% on Thursday.
  • Five-year CDS spreads reached 21.73 basis points on 20 November.
  • GDP contracted in Q3 2025 and inflation reached 3% in October.

Japan’s new stimulus package is setting off sharp reactions across global markets, with the yen sliding to its weakest point against the US dollar since January 2025 and long-term bond yields rising to record levels.

The cabinet approved a 21.3 trillion yen package on Friday, the largest since the COVID-19 period, and the announcement immediately shifted expectations in currency, bond, and crypto markets.

The scale of the support and the pressure on Japan’s finances are now pushing investors to reconsider how they assess global risk, particularly as liquidity conditions evolve.

Economic reset

The package focuses on easing price pressures, supporting growth, and strengthening defence and diplomatic capacity.

Local government grants and energy subsidies form a key part of the plan, and households are expected to receive around 7,000 yen in benefits over three months.

The government also aims to lift defence spending to 2% of GDP by 2027.

The supplementary budget is expected to pass before the end of the year, although the ruling coalition currently holds only 231 of 465 Lower House seats.

The support comes during a period of weakening growth.

Japan’s GDP fell 0.4% in the third quarter of 2025, equal to a 1.8% annualised contraction.

Inflation has remained above the Bank of Japan’s 2% target for 43 months and reached 3% in October 2025.

Policymakers expect the new measures to lift real GDP by 24 trillion yen and generate a total economic impact near 265 billion dollars.

Rising market pressure

The fiscal boost has intensified concerns about long-term debt sustainability and market stress.

Five-year credit default swaps on Japanese government bonds reached 21.73 basis points on 20 November, the highest level in six months.

The country’s 40-year bond yield rose to 3.697% immediately after the announcement and climbed further to 3.774% on Thursday.

Every 100-basis-point increase in yields raises annual government financing costs by about 2.8 trillion yen, which has drawn attention to the strain on public finances over time.

Nikkei reports lingering caution about the continued use of fiscal stimulus beyond emergencies, adding another layer to investor concerns.

This debate has become more relevant as the yield curve shifts and Japan’s borrowing costs rise.

These movements are also important for the 20 trillion dollar yen-carry trade. Investors typically borrow yen at low rates and invest in higher-yielding markets overseas.

A mix of higher yields and sudden currency moves can force unwinding.

Historical data show a 0.55 correlation between yen-carry trade reversals and S&P 500 declines, which adds another source of volatility.

Yen reaction

The yen dropped sharply after the stimulus announcement, prompting speculation about future currency stability and the potential for intervention.

October exports rose 3.6% year on year, but the increase was not enough to ease concerns about broader economic pressure.

The scale of fiscal support and the persistence of inflation have become central factors in how global markets interpret Japan’s next steps.

Crypto shift

These conditions are feeding directly into crypto markets.

A weaker yen tends to drive Japanese investors toward alternative assets, including Bitcoin, especially during periods of rising liquidity.

Experts have noted that Japan’s decision adds to a global environment that already includes potential US Federal Reserve easing, Treasury cash movements, and continued liquidity support from China.

Together, these factors are creating conditions that could lift crypto demand into 2026.

At the same time, higher long-term yields pose a risk.

If yen-carry trades unwind quickly, institutions may be forced to sell assets, including Bitcoin, to meet liquidity needs.

The post Japan stimulus shakes global markets as yen sinks and crypto demand rises appeared first on CoinJournal.

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Bitcoin just hit a critical point: analysts split between $85K crash and $250K surge

  • Bitcoin trades near $92K amid mixed signals from ETFs and tech markets.
  • Hoskinson and Saylor predict a strong BTC rebound despite recent losses.
  • ETF outflows and macro risks could, however, push BTC toward $85K support.

While Bitcoin price has recovered from the low of $88,540 hit on November 19, the question is whether it will hit a higher high than the $93,403 registered on November 18.

Some analysts believe BTC is preparing for a deeper slide, while others insist a powerful rebound is already forming beneath the surface.

At press time, BTC price was around $92,237 and already showing signs of exhaustion, which would spell doom since it formed a lower low on November 19, which is a bearish sign.

Bullish calls grow despite the slide

At $92,237, Bitcoin (BTC) is reeling from a bruising stretch that has erased more than $33,000 from its value in under two months.

Notably, today’s uptick follows a pause in ETF outflows and a rebound in tech stocks, driven by Nvidia’s stronger-than-expected earnings.

While the market remains on edge as macro uncertainty and shifting liquidity conditions continue to pressure risk assets, Cardano founder Charles Hoskinson remains one of the strongest voices calling for a major rebound.

During CNBC’s Squawk Box show on Tuesday, Hoskinson argued that Bitcoin’s recent losses reflect broader macro distortions, including tariff tensions, recession risks, and uneven regulatory signals.

Hoskinson believes these forces will ease in the coming months.

He expects BTC to recover sharply and potentially hit $250,000 within the next year, projecting that institutional adoption and large-scale tokenisation will redefine market cycles.

Michael Saylor shares a similar level of confidence, viewing the current downturn as typical of Bitcoin’s long-term behaviour.

The MicroStrategy executive says the company is built to withstand extreme drawdowns, calling his position “indestructible” in a recent interview with Fox Business.

Notably, Saylor has continued to buy BTC even as volatility increases, reinforcing his view that deep corrections are part of the broader path toward higher valuations.

ETF activity has also become a pivotal factor.

The BlackRock Bitcoin ETF posted a record $523 million daily loss on November 18 following a streak of outflows across the spot Bitcoin ETF landscape.

Total Bitcoin Spot ETF Net Inflow
Total Bitcoin Spot ETF Net Inflow | Source: Coinglass

The Bitcoin ETFs outflow seems to have stabilised, with IBIT seeing $60M worth of inflows on November 19.

Analysts warn that sustained inflows will be essential if Bitcoin hopes to avoid a retest of this week’s lows.

Bearish risks still loom

Not all signals point upward. Some traders see a real chance BTC could break below key support levels near $90,000.

If the market fails to hold this support, prediction platforms indicate rising expectations of a drop toward $87,000.

ETF outflows totalling more than $3 billion this month highlight lingering caution, and many retail participants remain hesitant after weeks of drawdowns.

Macro conditions remain complicated.

Expectations of Federal Reserve rate cuts have faded, while recession concerns are resurfacing due to weak jobs data and ongoing trade friction.

These pressures have limited upside momentum even as Nvidia’s tech rally briefly boosted risk appetite.

Despite the uncertainty, Bitcoin continues to trade like a high-beta asset tied closely to broader market sentiment, and the next few days may determine whether buyers regain control or whether sellers will test new lows.

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