By Emir Abyazov Bitcoin has suffered its biggest test since July this year, falling below $99,000 on November 4. This triggered a chain of events that upended the balance of power in the cryptocurrency market. Mass liquidations of long positions exceeded $1.7 billion in a single day — but paradoxically, it was this very decline […]
Tag: ETF
By coinspy Key Points: The mNAV metric—comparing MSTR’s market valuation to the value of its Bitcoin holdings—has collapsed from 3.4x to nearly parity, weakening the original bearish case tied to overvaluation. Other major short sellers, including Kerrisdale Capital, built similar positions against MSTR and Ethereum-focused treasury firms, arguing that ETF competition and inflated valuations justified […]
By coinspy Key Points: U.S.-based institutional players, including major asset managers, have significantly offloaded BTC, with BlackRock alone selling over 6,800 BTC—roughly $700 million—prior to a key Federal Reserve announcement. The Coinbase Bitcoin Premium Index has remained negative since October 30, signaling persistent domestic outflows. After six straight days of net outflows, Bitcoin ETFs recorded […]