One Bitcoin treasury’s paper loss just made Strategy’s stress everyone’s problem
Strategy remains the center of STRC pressure, but Strive's disclosed holding turns preferred-stock discounts into a broader credit test for Bitcoin treasuries.

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The ETF rebound has helped stabilize sentiment, but negative on-chain demand and soft U.S. spot-market signals keep the recovery in doubt.
Bitcoin's bounce from a 21-month low rests on a single weak jobs report, and Wednesday's Fed minutes will show whether officials share the market's doubts.
U.S. spot Bitcoin ETFs took in roughly $266 million on July 6, with IBIT supplying about $209 million, making the next few sessions a test of whether ETF demand can keep supporting BTC.
Bitcoin dominance fell to a one-month low as altcoin market share climbed, with traders rotating into revenue tokens, Solana infrastructure, and HYPE-style winners leading the recovery.
Weak jobs, a softer dollar, and easing Iran-shock pressure put Bitcoin’s $60,000 reclaim on a direct path toward next week’s CPI test.
BTC has recovered from last week's low, but ETF persistence, spot volume, and $61,000-$62,000 support now decide whether the move has legs.