Bitcoin is now fighting the ECB’s €51.8 billion bond wall for a shrinking pool of capital
Bitcoin investors got no real relief from the ECB as bond runoff, higher yields, and tighter lending continued draining market support.
Read sharp crypto market analysis, expert breakdowns, and on-chain insights covering Bitcoin, Ethereum, altcoins, and macro trends.
Coinbase and Glassnode data show Bitcoin entered Q3 trading more like gold and silver, tying its outlook to yields, the dollar and the Fed.
Strategy’s -11.34% BTC Floor ARR models whether its $18.993 billion obligation base remains covered through a multiyear Bitcoin decline.
The reversal erased 22.5% of the preceding $999.3 million inflow streak, while Bitcoin ended the session below $65,000.
Brent breached $100 after attacks on Saudi tankers while markets raised the odds of a Fed increase to nearly 40%.
Debt, preferred payouts, and refinancing deadlines are turning corporate Bitcoin reserves into future market supply.
The Q2 mark cut GAAP earnings by $87 million after tax, while Tesla added the full pretax loss back to adjusted EBITDA.