BTC profitability collapses: 54% of supply now sits at a loss
The seller profile is rotating in real time: spot ETFs keep bleeding while long-term holders flip from distribution to accumulation and smaller wallets absorb the other side of the trade.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The seller profile is rotating in real time: spot ETFs keep bleeding while long-term holders flip from distribution to accumulation and smaller wallets absorb the other side of the trade.
The Ripple CEO argued Strategy's leveraged buy loop distracts from Bitcoin's real institutional story, which he says is now about volatility income, not price direction.
Palmer Luckey's crypto- and defense-focused neobank has roughly doubled its December mark to $8B while deposits hit $4.05B, with profitability targeted by year-end.
A sub-consensus payroll print paired with a falling jobless rate is the stagflation-adjacent signal the Fed has been watching for, and rate-cut bets repriced within minutes.
The bank argues Strategy should hold 24–36 months of dividend coverage, not 17, and finance any buffer with equity, not BTC sales, as the policy adds avoidable supply-side uncertainty at the market's…
The Korean media company liquidated every bitcoin and is redirecting roughly $485M of once-bitcoin-bound financing into AI infrastructure, joining miners that rotated out of crypto and into compute…
The price rebound and the steady ETF bleed are happening at the same time, and on-chain signals say the cohort doing the real buying is the one that almost never sells.
859 $BTC (≈52.6M) moved from Coinbase Institutional to unknown wallet.
859 $BTC (≈52.6M) moved from Coinbase Institutional to unknown wallet.
877 $BTC (≈53.8M) moved from Coinbase Institutional to unknown wallet.
859 $BTC (≈52.6M) moved from Coinbase Institutional to unknown wallet.
859 $BTC (≈52.7M) moved from Coinbase Institutional to unknown wallet.
The biggest miss since the pre-pandemic era lands one day after Fed Chair Warsh's hawkish pivot, forcing markets to reprice both the path of rates and bitcoin's reaction function.
Buybacks, dividend hikes, and a $1.25B BTC sale green light reframe the balance sheet, but the reflexive funding loop critics flagged since 2022 is still the same bet.
A payrolls figure below the 110K consensus would validate Warsh's lower-inflation read, unwind lopsided dollar longs, and hand bitcoin and gold their next leg up.
The brokerage unveiled Robinhood Chain, an Arbitrum-based L2 for tokenized real-world assets, alongside a 7% yield USDG lending product, just as analysts say its prediction-market revenue is on track…
Matt Hougan frames the preferred-stock reset as a late-cycle shakeout, with a fresh BTC bull run he expects to start this fall once forced sellers clear.
Dovish Warsh comments at Sintra flipped the script: BTC is back above $60K, liquidations flipped long, and smaller tokens are leading, the kind of breadth that has historically marked durable bottoms.
The bounce is real, but the macro backdrop hasn't changed: headline CPI prints are softening while core inflation keeps grinding higher, leaving the Fed little room to ease into a recovering BTC.
5.7K $BTC (≈344.4M) moved from unknown wallet to unknown wallet.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "BTC profitability collapses: 54% of supply now sits at a loss" — read at /en-US/a/btc-profitability-collapses-54-of-supply-now-sits-at-a-loss.