Bitcoin speculators keep BTC price ‘pinned’ below $68.7K: Glassnode
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Michael Saylor: If Bitcoin's long-term price increase exceeds 3.3%, BTC capital gains could fund STRC dividends indefinitely.
According to ChainCatcher, Bitcoin Treasuries.NET posted on the X platform that Strategy's Michael Saylor stated that if Bitcoin's long-term price increase exceeds 3.3%, BTC capital gains can fund STRC dividends indefinitely. Even if BTC's annual price increase is 0%, Strategy will still have dividend funds for 31 years.
Jack Mallers' Strike has launched "volatility-resistant" Bitcoin mortgage loans, claiming they will not be liquidated due to price drops.
ChainCatcher reports that Strike, founded by Jack Mallers, has launched a new Bitcoin-backed loan product designed to avoid forced liquidation due to falling BTC prices. Strike states that as long as borrowers make timely payments, the collateralized BTC will not be moved or liquidated, regardless of how deeply the Bitcoin price falls. Mallers stated on X that the product has no margin requirements and no price-based liquidation mechanism, allowing users to borrow USD while continuing to hold Bitcoin. He noted that volatility is inevitable, but liquidation is not. Strike states that the new loan product eliminates price-triggered actions linked to the loan-to-value (LTV), so borrowers do not need to worry about automatic liquidation due to falling BTC prices. As long as interest and due payments remain normal, the collateral will remain undisturbed.
A well-known trader stated that Strategy's OTC selling of cryptocurrencies has limited impact on spot prices, and Bitcoin could potentially reach as high as $65,600.
According to Mars Finance, on July 7th, renowned trader Killa (@KillaXBT) stated that if Bitcoin holds above last week's closing price (approximately $59,000), it could potentially reach $65,600. Furthermore, regarding the "historic sell-off of 3,588 BTC by Strategy," Killa clarified that Strategy did not sell through the open market but rather through institutional trading to avoid significantly impacting Bitcoin's price. This partly explains Bitcoin's initial drop followed by a rise last night. Killa, a quantitative trader specializing in BTC, predicted the peak of this bull market in May 2025 and has over 200,000 followers on the X platform. In mid-April, he short Bitcoin at $74,688 and then went long during the market downturn on June 5th.
Analysts: Bitcoin's Sharpe ratio briefly dipped below -20, an extremely pessimistic phase that may indicate a bottom is forming.
PANews reported on July 6th that CryptoQuant analyst Darkfost pointed out that Bitcoin's Sharpe ratio has once again reached extreme negative territory, falling below -20 before slightly recovering. The Sharpe ratio measures the relationship between investment risk and return; a negative value indicates a higher risk relative to current returns, which aligns with Bitcoin's third consecutive quarterly decline (the latest quarterly drop was 16.1%). Historically, such periods of extreme pessimism often last for weeks to months, corresponding to a new bottoming phase followed by a price rebound. The analyst stated that the data suggests we are currently approaching this phase, but it's important to note that this is an observation over a long-term timeframe.
Strive CRO: Strategy's sale of 3,500 Bitcoins helps buy more BTC.
Odaily Odaily News | _2024111120230_ | An article published on the X platform states that Strive's CRO, PunterJeff Walton (@PunterJeff), explained that Strategy's recent sale of 3,500 Bitcoins is actually positive and will help it buy more BTC. He stated that this will provide more support for STRC and its future growth potential, enabling it to buy more BTC, and MSTR shareholders should take a positive view of this.
Bitcoin fell below $62,000, down 2.1% in the last 24 hours.
According to BlockBeats, on July 8th, HTX market data showed that Bitcoin fell below $62,000, a 24-hour drop of 2.1%.