Musk&#8217;s proposal could reshape digital content monetization, potentially 
intensifying competition among platforms and influencing creator economies.
The post Elon Musk open to boosting X creator payouts under strict anti-abuse 
safeguards appeared first on Crypto Briefing.

Elon Musk open to boosting X creator payouts under strict anti-abuse safeguards

BitMine snared another 32,938 ETH on Tuesday as end-of-year tax-loss sellers 
and bots kept prices down, Fundstrat’s Tom Lee said.

BitMine bags $98M in ETH as year-end selling caps gains: Tom Lee

Bitmine has increased its exposure to Ethereum again this week, staking 
another $352 million in ETH. Bitmine is not slowing down, even as Ethereum 
trades well below the levels at which the company built much of its position. 
On Dec.…

Bitmine stakes another $352M in ETH as treasury build accelerates

Bitcoin’s price action has pushed a closely watched on-chain profitability 
gauge into a configuration that, in 2022, preceded an extended drawdown and 
one analyst says a break below $70,000 would risk repeating that “year-long” 
reset. In a Dec. 30 morning brief, Axel Adler Jr. argued that Bitcoin’s 
“Supply in Profit” trend is at an inflection point after BTC stabilized in the 
$87,000–$90,000 range following the pullback from October highs. The metric, 
which tracks how much BTC is held above its acquisition price, has fallen 
sharply from October peaks above 19 million BTC to roughly 13.2 million BTC, 
creating a sizable gap between short- and medium-term moving averages. A 
2022-Like Setup Looms For Bitcoin Adler’s core signal is the spread between 
the 30-day and 90-day simple moving averages of Supply in Profit. After the 
correction from the all-time high, the 30-day average “dropped significantly 
below” the 90-day, forming a gap of about 1.75 million BTC. Adler noted that 
“a similar configuration was observed in 2022 before an extended bearish 
period,” but stressed an important distinction this time: the 365-day moving 
average remains “at historically elevated levels for now,” implying the 
longer-term profit structure hasn’t fully rolled over. Related Reading: US 
Strategic Bitcoin Reserve: Key Catalyst For Potential Surge Toward $150,000 
Next Year The near-term question is whether the 30-day trend has bottomed. 
Adler flagged Dec. 18 as a local minimum for the 30-day average and said it is 
now “beginning to turn around,” with confirmation tied to a simple condition: 
Supply in Profit must hold above its 30-day average, which in practice 
requires BTC to keep its footing at current levels or higher. Adler’s 
projection for a bullish recovery in this signal is unusually specific: he 
estimates the gap between the 30-day and 90-day averages is narrowing at 
roughly 28,000 BTC per day, mainly because the 90-day average is being pulled 
down mechanically as high October values roll out of the window. “Why is SMA 
90 falling while price remains stable?” Adler wrote in the brief’s FAQ. “This 
is a mechanical effect of the moving average: values from early October are 
now dropping out of the 90-day window, when Supply in Profit was at peaks of 
18–20M BTC with price at $115–125K. Even with stable current Supply, this 
pulls the average down.” Related Reading: 2026 Bitcoin Price Predictions: What 
Banks, Institutions And Experts Forecast That rollover effect, Adler said, 
should persist through late January, providing a “tailwind” that could allow 
the 30-day line to reclaim the 90-day line even without a dramatic surge in 
Supply in Profit. If the current rates of change hold, Adler projects a 
bullish cross — where the 30-day average rises above the 90-day — in late 
February to early March. The Invalidation: $70,000 The forecast, however, is 
explicitly price-sensitive. Adler estimated Supply in Profit has “elasticity 
to price” of 1.3x, meaning a 10% BTC drawdown could translate into about a 13% 
drop in the supply held in profit. In his model, the market’s critical fault 
line is the $70,000 zone. “At what price does the cross scenario get 
invalidated?” Adler wrote. “The critical zone is below $70K. At that level, 
Supply would fall to ~10M BTC, and SMA 30 would begin declining faster than 
SMA 90. The GAP would stop narrowing and shift to expansion, postponing the 
bullish signal indefinitely.” In that scenario, Adler said the setup would 
more closely mirror 2022: the spread expands rather than compresses, and the 
bullish cross gets pushed out, with recovery potentially taking “up to one 
year.” By contrast, he framed the constructive path as holding above 
$75,000–$80,000 through January, keeping Supply in Profit supported and 
preserving the convergence pace. At press time, BTC traded at $88,102. 
Featured image created with DALL.E, chart from TradingView.com

Bitcoin Risks A Year-Long Bear Market If This Happens: On-Chain Data

Bitcoin (BTC) has seen a slight recovery, edging back above the $89,000 mark 
as it attempts to break through the $90,000 resistance level. Nonetheless, 
concerns loom over further downward moves, raising worries about the risks 
this trend poses to firms like Strategy (formerly MicroStrategy). Analysts at 
the Bull Theory have posed a critical question regarding the potential 
financial vulnerabilities of Michael Saylor’s Strategy should Bitcoin drop to 
the critical $74,000 price threshold. This narrative suggests that a drop to 
this key price point could place Strategy in financial jeopardy or force the 
company to sell its Bitcoin assets. However, the analysts assert that these 
dire predictions do not align with the real financial situation of the 
company. Debunking Insolvency Fears Currently, Strategy boasts a major 672,497 
BTC stockpile valued at approximately $58.7 billion on its balance sheet. In 
contrast, its total debt stands at about $8.24 billion. The Analysts emphasize 
that even if Bitcoin were to decline to $74,000, the total value of its 
Bitcoin holdings would still be around $49.76 billion—well above its 
liabilities. Thus, they assert that there is no feasible scenario where a 
decline from $87,000 to $74,000 would lead to insolvency. Related Reading: 
Bitcoin And Ethereum Influx: Strategy Grabs 1,200 BTC, Bitmine Immersion Ups 
ETH by 44,000 A crucial point of distinction is that Strategy does not operate 
like a hedge fund dealing with margin loans; it has no collateral-backed 
Bitcoin debt, which means there are no liquidations triggered by price drops. 
As the analysts explain, the concerns surrounding forced selling stem from 
applying trading logic to a corporate balance sheet. The Bitcoin that Strategy 
holds is neither pledged as collateral nor subjected to margin calls. Instead, 
the firm’s borrowings come from unsecured convertible notes, thus lenders do 
not have the right to demand Bitcoin simply due to falling prices. External 
Pressures Impacting Strategy Liquidity remains another concern for some 
investors who fear that Strategy might be forced to liquidate its Bitcoin to 
manage its obligations. However, the company has set aside a reserve of $2.188 
billion in USD, enough to cover approximately 32 months of its dividend 
payments, which range between $750 million and $800 million annually. So, what 
accounts for the recent decline in Strategy&#8217;s stock price if the company&#8217;s 
fundamentals are sound? The analysts highlighted that since October, several 
external factors have generated fear around Strategy, not due to concerns 
about insolvency but because of shifting market conditions and institutional 
positioning. Beginning on October 10, the MSCI index proposed new regulations 
that could potentially remove companies with over 50% of their assets in 
Bitcoin from their indexes. This created apprehension about forced index 
selling, even though a final decision is yet to be made on January 15, 2026. 
Additionally, analysts at JPMorgan raised margin requirements for trading 
Strategy’s stock from 50% to 95%, leading some investors to reduce their 
exposure, which in turn resulted in selling pressure. Dilution Dangers But 
while Strategy’s balance sheet appears robust, certain risks merit vigilance. 
One significant risk highlighted by Bull Theory analysts is dilution. The 
company has frequently relied on issuing new shares to enhance its Bitcoin 
holdings. Related Reading: US Strategic Bitcoin Reserve: Key Catalyst For 
Potential Surge Toward $150,000 Next Year While many investors view this 
strategy positively, concerns arise that continuous share issuance during a 
downtrend may heighten dilution, ultimately weakening existing shareholder 
value. Additionally, there are concerns that excessive dilution could drive 
Strategy’s net asset value (NAV) ratio below 1, an important threshold that 
would limit the company’s ability to raise new capital through share issuance. 
At the time of writing, Bitcoin was trading at $89,200, having recorded slight 
gains of 1.5% over the previous 24 hours. Strategy&#8217;s stock (MSTR) is trading 
at $157 per share, mirroring BTC&#8217;s surge with gains of 1.25% in the same time 
frame. Featured image from DALL-E, chart from TradingView.com

Cryptocurrency price in NZD