Bitcoin (BTC) extended its decline on Friday, sliding to levels not seen since early February, leaving the broader market under renewed pressure and deepening bearish sentiment.  Since reaching its all-time high of $126,000 last October, Bitcoin is now down roughly 52%, reinforcing the sense that the sell-off is more than a short-term dip. Bitcoin Treasury Stocks Fall From $134B To $72B While traditional market weakness has been part of the story, whale activity has also played a major role in the most recent drop. One of the clearest signals that unnerved traders came from Strategy (MSTR).  Related Reading: XRP Price Falls To 4-Month Lows—Charts Signal Sell, On-Chain Data Turns Bearish As previously reported by NewsBTC, Strategy sold Bitcoin for the first time in nearly four years. The company offloaded 32 BTC for approximately $2.5 million—an amount that may look small compared with overall market volumes.  However, the real impact has been psychological. Watching the largest Bitcoin public holder and the face of the “never sell” narrative break that behavior sent a shockwave through crypto sentiment. The broader market’s reaction has been visible in equity-linked crypto holdings as well. Artemis data cited by Bloomberg shows that the combined market value of fully diluted Bitcoin treasury company stocks has fallen to about $72 billion, compared with nearly $134 billion at the most recent peak in early October. That means roughly $62 billion has been erased during the downturn.  Support Could Form Between $54,000 And $50,000 Hayden Hughes, managing partner at Tokenize Capital, said the current environment forces difficult choices for these digital-asset treasuries. In his view, once prices unwind, companies face a stark decision: either default on their debt obligations or sell assets.  Hughes added that this kind of forced selling damages the market’s earlier assumption that Bitcoin treasury holders would behave like permanent “buy and hold” participants. When that expectation breaks, sentiment can deteriorate quickly, making rebounds less likely under these conditions. Related Reading: Coinbase Reveals First Mortgage With Bitcoin Collateral Under Fannie Mae Coverage  Market analyst Ali Martinez recently posted on X (formerly Twitter) that Bitcoin is approaching a market bottom. Martinez identified the MVRV Pricing Bands as a useful framework for determining where support could emerge.  He stated that the next significant support level is between $54,000 and $50,000, which could serve as a floor for the cryptocurrency. However, this would require an additional 17% retracement from current trading levels of $60,444.  Featured image created with OpenArt; chart from TradingView.com

انخفض سعر البيتكوين إلى حوالي 60,000 دولار، مما يمثل انخفاضًا كبيرًا بنسبة تقارب 52% منذ أعلى مستوى له على الإطلاق البالغ 126,000 دولار في أكتوبر الماضي. وقد زاد هذا الانخفاض من الشعور السلبي في سوق العملات المشفرة، حيث أدت عمليات البيع الملحوظة إلى محو 62 مليار دولار من الأسهم الحكومية. كما أن النشاط الأخير لشركة Strategy، التي باعت البيتكوين لأول مرة منذ ما يقرب من أربع سنوات، قد زاد من قلق المتداولين.

El precio de Bitcoin ha caído a alrededor de 60,000 dólares, marcando una disminución significativa de aproximadamente el 52% desde su máximo histórico de 126,000 dólares en octubre pasado. Esta caída ha intensificado el sentimiento bajista en el mercado de criptomonedas, con una notable venta que ha llevado a la eliminación de 62 mil millones de dólares en acciones de tesorería. La reciente actividad de Strategy, que vendió Bitcoin por primera vez en casi cuatro años, ha inquietado aún más a los traders.

Le prix du Bitcoin a chuté à environ 60 000 $, marquant une baisse significative d'environ 52 % par rapport à son sommet historique de 126 000 $ en octobre dernier. Cette chute a intensifié le sentiment baissier sur le marché des cryptomonnaies, avec une vente massive entraînant l'effacement de 62 milliards de dollars en actions de trésorerie. L'activité récente de Strategy, qui a vendu du Bitcoin pour la première fois en près de quatre ans, a encore déstabilisé les traders.

Bitcoin's price has plunged to around $60,000, marking a significant decline of approximately 52% since its all-time high of $126,000 last October. This drop has intensified bearish sentiment in the broader cryptocurrency market, with a notable sell-off leading to $62 billion in treasury stocks being erased. The recent activity by Strategy, which sold Bitcoin for the first time in nearly four years, has further unsettled traders.