Data shows that BTC’s “average annual returns have gradually declined, with no peaks at all in the last cycle, confirming the hypothesis that Bitcoin's risk/return structure has changed.” The phenomenon of financial bubbles is hotly debated among industry operators, and there are several academic papers on the subject, starting with Professor Didier Sornette’s 2014 study of financial bubbles. In fact, the paper defines a “bubble” as a period of unsustainable growth with prices rising faster and faster, i.e., growing more than exponentially. Obviously, bubbles by definition are destined to burst and bring prices back to their starting value or worse. In the recent past, Bitcoin (BTC) has experienced periods of more than exponential growth, followed by very sharp declines, called “crypto winter,” a period when no one talked about Bitcoin and other assets anymore, meaning there was a freeze around the sector, and prices collapsed. Previous declines following the Bitcoin price bubble were -91%, -82%, -81%, and -7...
Markus Thielen warns Bitcoin’s institutional rally could reverse as ETF outflows and market fatigue weigh on risk appetite. The powerful wave of institutional buying that helped propel Bitcoin higher since early 2024 could also amplify a correction if market fatigue persists, according to Markus Thielen, CEO of 10x Research and a former portfolio manager. In an interview with Bloomberg, Thielen said the crypto market, and Bitcoin (BTC) in particular, is showing all the tell-tale signs of fatigue, following a difficult October marked by the largest liquidation event in the industry’s history. Those losses, he noted, have compounded underlying macroeconomic risks that Bitcoin has increasingly mirrored. Because institutional inflows, especially from spot Bitcoin exchange-traded funds (ETFs), have been a key driver of the 2024 rally, Thielen warned that the same investor base could accelerate downside pressure if activity continues to slow. Read more
Bitcoin fell to weekly lows at $101,300 as US equities and gold rallied ahead of the key vote to end the US government shutdown, signaling a shift in investor sentiment to traditional assets. US stock markets soared on Wednesday as investors anticipated a US House of Representative vote on a bill to end the government shutdown. Bitcoin (BTC), on the other hand, fell from an intraday high of $105,300 to a weekly low near $101,200, marking a 3.4% decline. Key Takeaways: Bitcoin dropped 3.4% amid renewed flows into equities and precious metals. Read more
Michael Saylor’s company remains a top Bitcoin holder, but its dominance has fallen amid slower accumulation and rising competition. Michael Saylor’s Strategy has seen its dominance among corporate Bitcoin holders decline in October amid slower purchases and a growing number of companies adding crypto to their treasuries. The company still leads as the largest Bitcoin (BTC) treasury holder with 640,808 BTC as of Oct. 31, though its share of total corporate holdings has slipped to 60% from 75%, according to a report by BitcoinTreasuries.NET. The decline in Strategy’s dominance comes as corporate accumulation continues, albeit at a slower pace. Public and private companies added 14,447 BTC to their treasuries in October, the smallest monthly increase of 2025. Read more
Magazine explores the wild theory that Satoshi Nakamoto was a time-traveling AI sent back to build the perfect, unstoppable network. It sounds ridiculous. impossible but hear me out: What if the real reason Satoshi Nakamoto has never been identified and has managed to stay quiet for the last 15 years is that he was never a person at all? What if the inventor of Bitcoin is a super-advanced artificial intelligence from the future that sent itself back to create an ultra-resilient network for itself to run on? Thats precisely the theory some conspiracy-minded sci-fi fans have been spreading around for at least the last eight years. Most people think the idea is absolutely preposterous, of course, and some contributions to the discourse are tongue-in-cheek. Read more
Bitcoin maintained its November pattern of higher lows as it rebounded to $105,000, but traders remained cautious about a potential rejection at key resistance. Bitcoin (BTC) eyed intraday highs into Wednesday’s Wall Street open as bulls battled for $105,000. Key points: Bitcoin creeps higher into the US trading session as traders seek $107,000 retest. Read more
Analysts say Bitcoin could be starting its Wave III expansion, and if it plays out according to previous instances, BTC could reach the $200,000 to $240,000 range. Key takeaways: Bitcoin’s Wave III expansion could drive prices toward $200,000 to $240,000. The long-term structure remains bullish despite flat futures market activity in Q4. Read more
Speaking with Cointelegraph, 10T Holdings founder Dan Tapiero explains why Bitcoin’s fundamentals remain strong even as a 70% downturn looms in the next bear phase. Macro investor Dan Tapiero remains convinced that Bitcoin (BTC) is on track to reach $180,000 as part of its current bull cycle, but warns that a major correction could follow once the rally peaks. Despite recent risk-off sentiment and heavy selling from long-term “OG whales,” Tapiero insists the bull market remains intact. “I think the macro backdrop is still positive,” he said in an interview with Cointelegraph. According to Tapiero, the latest all-time high didn’t fully reflect the “fundamental improvements” in Bitcoin’s ecosystem or the increasingly favorable macro environment supporting digital assets. Read more
Bitcoin dropped to fill its latest futures gap at the Wall Street open, but whale selling pressure kept a BTC price rebound off the menu. Key points: Bitcoin fills its weekend CME futures gap, but bulls struggle to produce a BTC price turnaround. Analysis shows Bitcoin whales selling into price at local highs. Read more
After announcing the “largest forfeiture action” in the history of the DOJ, the US faces questions about how it accessed the over 127,000 Bitcoin stolen from the LuBian mining pool. China’s national cyber defense agency has made big claims around the alleged role of the US in the multibillion-dollar hack of LuBian, once a major Chinese Bitcoin mining pool. The Chinese National Computer Virus Emergency Response Center (CVERC), a state-backed cyber defense agency, on Sunday published a technical analysis report on the 127,272 Bitcoin (BTC) stolen in the LuBian hack. Although the hack occurred in December 2020, it remained largely unknown to the public until recently, with Arkham reporting it in August as the “largest ever” Bitcoin hack. Read more
Bitcoin ETF inflows and Strategy’s BTC acquisitions have been the main vehicles fueling Bitcoin’s momentum this year, according to market analysts. Update Nov. 11, 12:08 p.m. UTC: This article has been updated to include a paragraph on Ether and Solana ETF inflows. The lack of demand for spot Bitcoin exchange-traded funds (ETFs) is raising concerns about Bitcoin’s prospects for the rest of the year, even as the US government appears to be nearing the end of its 41-day shutdown. On Monday, the US Senate approved a funding package, bringing Congress one step closer to ending the shutdown. Legislation is now headed for a full vote in the House of Representatives, which may occur as early as Wednesday, CBS News reported on Monday. Read more
X users have already reported using the new Bitcoin payment feature at coffee shops across the United States. Payment processor Square has launched its Bitcoin payment feature for sellers, allowing them to opt in and accept Bitcoin at checkout through its point-of-sale system. Jack Dorsey, co-founder of Block, which owns Square, said in an X post on Monday that with the new feature, merchants using Square can receive Bitcoin to Bitcoin, Bitcoin to fiat, fiat to Bitcoin or fiat to fiat payments. At the same time, Jacob Szymik, an account executive at Square, stated that Bitcoin (BTC) payments are currently only available for in-person purchases and point-of-sale terminals, but online and invoicing options are “in the works,” and teased that updates would be coming soon. Read more
A bullish breakout lifts Bitcoin toward $110,000, but a stablecoin build-up and looming CME gaps signal caution. Key takeaways: The Bitcoin double bottom pattern may boost bullish momentum toward $110,000. The CME gap near $104,000 could trigger a short-term retracement. Read more