Bitcoin continues to struggle below the $65,000 level as persistent selling 
pressure weighs on market sentiment. Price action has remained fragile in 
recent weeks, with volatility elevated and traders showing limited conviction 
amid tightening liquidity conditions and broader macro uncertainty. While 
intermittent rebounds have occurred, they have so far failed to establish 
sustained upside momentum, leaving Bitcoin locked in a cautious consolidation 
phase below a key psychological threshold. Related Reading: XRP’s Brutal 
Supply Compression Signals A Repeat Of The 2024 Expansion A recent CryptoQuant 
report highlights a notable structural development involving StrategyB, 
formerly known as MicroStrategy. It has now been more than six years since the 
company began its Bitcoin accumulation strategy, targeting roughly 5% of the 
asset’s total supply. The initiative, driven by CEO Michael Saylor — one of 
Bitcoin’s most vocal long-term advocates — reflects a conviction that BTC 
could eventually surpass the $1 million mark over time. To pursue this 
objective, StrategyB has executed what many consider the largest dollar-cost 
averaging program in Bitcoin’s history, notably without selling any BTC since 
inception. Annual investment figures illustrate the scale of this effort: $1.1 
billion in 2020, $2.57 billion in 2021, $276 million in 2022, $1.9 billion in 
2023, $21.9 billion in 2024, $22.4 billion in 2025, and $4.1 billion so far in 
2026. StrategyB’s Aggressive Bitcoin Accumulation And Market Implications 
According to the report, 2025 marked a record year for StrategyB in terms of 
capital deployed, with more than $22.4 billion invested into Bitcoin 
accumulation. The data suggests that 2026 is currently following a comparable 
trajectory. If this pace continues, the firm could surpass last year’s record, 
further consolidating its position as one of the largest institutional holders 
of BTC. At present, Bitcoin is trading below StrategyB’s estimated realized 
price, which sits near $76,000. This metric reflects the company’s average 
acquisition cost across its holdings. StrategyB reportedly holds approximately 
717,131 BTC, equivalent to around 3.4% of Bitcoin’s circulating supply. Such 
concentration highlights the scale of institutional participation now embedded 
in the market structure. However, the interpretation of this data requires 
caution. Trading below a large holder’s realized price does not automatically 
imply undervaluation; realized price is a cost-basis metric, not a valuation 
model. Market conditions, liquidity flows, and macroeconomic variables remain 
dominant drivers of price direction. Still, the broader takeaway is notable: 
even major institutional participants often rely on relatively simple 
accumulation strategies such as dollar-cost averaging. Whether that approach 
proves optimal in current conditions depends on individual risk tolerance, 
time horizon, and broader market context. Related Reading: The Great Bitcoin 
Handover: $8.2 Billion BTC Swamps Binance As Retail Momentum Fades Weekly 
Breakdown Below Key Moving Averages Signals Structural Weakness Bitcoin’s 
weekly structure has deteriorated materially over the past several sessions. 
After failing to sustain acceptance above the $90,000–$100,000 region, price 
rolled over and has now retraced toward the mid-$60,000 area. The latest 
weekly close near $66,000 places BTC decisively below the 50-week and 100-week 
moving averages, both of which are beginning to slope downward. This shift in 
positioning is technically significant. During the 2024–2025 advance, these 
moving averages acted as dynamic support, consistently absorbing pullbacks and 
reinforcing trend continuation. Their loss now converts them into overhead 
resistance, limiting upside unless reclaimed with strong volume confirmation. 
Related Reading: Ethereum Breaks Fhe Final Whale Floor In A 2018-Style 
Capitulation: What To Expect The 200-week moving average, currently tracking 
near the mid-$50,000 zone, remains the last major structural support on this 
timeframe. Historically, sustained closes below the 50-week average following 
a cycle peak have signaled prolonged corrective phases rather than shallow 
consolidations. Volume has expanded during the recent breakdown, suggesting 
distribution rather than simple low-liquidity drift. The sharp selloff from 
the $90,000 region to sub-$70,000 levels reflects decisive supply entering the 
market. For bulls to regain control, BTC would need to reclaim the 
$75,000–$80,000 range and reestablish higher weekly highs. Until then, the 
weekly trend favors caution, with momentum tilted toward continued 
consolidation or further downside exploration. Featured image from ChatGPT, 
chart from TradingView.com

The Saylor Discount: Why Bitcoin Trading Below Strategy’s Realized Price is a Gift for Late-Cycle Allocators

Terraform Labs administrator Todd Snyder accused Jane Street of communicating 
with the now-collapsed firm and trading on the information, hastening its 
collapse.

Terraform admin blames Jane Street alleged insider trading for collapse

Citrini said the term “Ghost GDP” could emerge from AI agents taking over 
aspects of the economy, referring to output shown in national data but not 
circulating in the “real economy.”

Citrini’s AI doom report sees software, payment stocks tumble

Binance stablecoin reserves have fallen 18.6% in three months as tightening 
Fed policy and weak inflows extended the crypto liquidity drought.

Binance stablecoin reserves have sunk 19% since November

XRP price extended losses and traded below $1.350. The price is now 
consolidating losses but faces hurdles near $1.3650 and $1.3760. XRP price 
started another decline and traded below the $1.3450 zone. The price is now 
trading below $1.350 and the 100-hourly Simple Moving Average. There is a key 
bearish trend line forming with resistance at $1.4250 on the hourly chart of 
the XRP/USD pair (data source from Kraken). The pair could continue to move 
down if it stays below $1.40. XRP Price Extends Losses XRP price failed to 
stay above $1.3880 and extended its decline, like Bitcoin and Ethereum. The 
price declined below $1.3750 and $1.3650 to enter a short-term bearish zone. 
The price even extended losses below $1.3450. A low was formed at $1.3275, and 
the price is now consolidating losses below the 23.6% Fib retracement level of 
the downward move from the $1.4244 swing high to the $1.3275 low. The price is 
now trading below $1.350 and the 100-hourly Simple Moving Average. If there is 
a fresh recovery move, the price might face resistance near the $1.3650 level. 
The first major resistance is near the $1.3750 level or the 50% Fib 
retracement level of the downward move from the $1.4244 swing high to the 
$1.3275 low. The main resistance could be $1.40. A close above $1.40 could 
send the price to $1.4250. There is also a key bearish trend line forming with 
resistance at $1.4250 on the hourly chart of the XRP/USD pair. The next hurdle 
sits at $1.4450. A clear move above the $1.4450 resistance might send the 
price toward the $1.4840 resistance. Any more gains might send the price 
toward the $1.50 resistance. The next major hurdle for the bulls might be near 
$1.5150. Downside Break? If XRP fails to clear the $1.3750 resistance zone, it 
could start a fresh decline. Initial support on the downside is near the 
$1.3275 level. The next major support is near the $1.3200 level. If there is a 
downside break and a close below the $1.3200 level, the price might continue 
to decline toward $1.3050. The next major support sits near the $1.30 zone, 
below which the price could continue lower toward $1.2840. Technical 
Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the 
bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is 
now below the 50 level. Major Support Levels – $1.3275 and $1.3200. Major 
Resistance Levels – $1.3650 and $1.3750.

Cryptocurrency price in INR