Bitcoin on fire sale?

[bbc.reporter]

The skeptical me is thinking that there might be a powerful group of people in America that supports Circle's USDC and they might be starting to make everyone think that Tether is not safe.

Another skeptical speculation is that American government might want stablecoin issuers like Tether to hold more US treasuries in their balance sheet. Will this downgrade on Tether cause them to dump some bitcoin to buy US treasuries? This will be headshaking for the market.



S&P downgrades Tether’s stability rating to ‘weak’ as Bitcoin holdings exceed safety buffer

Tether’s ability to maintain its dollar peg was downgraded by the S&P Global Ratings agency, citing a dangerous shift toward riskier assets in the world’s largest stablecoin’s reserves.

On Tuesday, the rating agency reassessed Tether to 5, labeled “weak,” from 4, labeled “constrained.” The Stablecoin Stability Assessment now puts Tether in the same category as TrueUSD, which has lost access to nearly all its reserves.

Meanwhile, Tether’s largest competitor, Circle’s USDC, holds an S&P rating of 2, labeled “strong.”

High-risk assets including Bitcoin, gold, secured loans, and corporate bonds now account for 24% of total reserves, up from 17% in September 2024. Bitcoin exposure has also grown to 5.6% of circulation, exceeding the safety buffer for the first time. A Bitcoin crash combined with losses in other risky assets could leave USDT undercollateralised.

And the problem is that in the past month, Bitcoin has crashed by 20%.

Read in full https://www.dlnews.com/articles/markets/top-ratings-agency-downgrades-tether-stability-to-weak/

[minairia3]

Another skeptical speculation is that American government might want stablecoin issuers like Tether to hold more US treasuries in their balance sheet. Will this downgrade on Tether cause them to dump some bitcoin to buy US treasuries? This will be headshaking for the market.

There is no need to speculate, because that is exactly what the US wants and why they quickly passed the GENIUS Act just for stablecoins. The GENIUS Act requires stablecoins that want to operate in the US market to be backed 1:1 by safe assets such as cash, bank deposits or Treasury bonds.

However, S&P's downgrade of Tether's stability rating won't change anything. Because as far as I know, Tether is reportedly planning to create a stablecoin specifically for the US market. They have no intention or plan to seek to legalize USDT in the US and eurozone markets.

Tether seems to have bigger plans as they become one of the companies with the largest gold reserves in the world and could be on par with central banks like South Korea.

https://www.coindesk.com/markets/2025/11/20/tether-s-gold-hoard-surges-to-116-tons-rivals-small-central-banks

[Kaliandra]

Bitcoin is indeed having a big sale, or you could say it's on discount because its price is falling, especially a few days ago when, as I recall, BTC fell to around $80k. So, anyone who took advantage of that moment by buying BTC has definitely made a profit now because the price of BTC is currently rising. The current price of BTC is around $90k. Fortunately, I bought BTC at $81k and am now making a profit if I sell it now. However, I see the potential for BTC prices to rise again because the bullish season may not be over yet. But I also want to know where you think BTC prices are headed—will they continue to rise or fall? But right now, I feel sorry for those who sold BTC when the price dropped and ended up suffering losses due to panic. However, in my opinion, the current BTC price can still be considered cheap because the upcoming increase could be even better, potentially leading BTC to set a new all-time high. But one thing is certain: we must be prepared for the risks.

[bbc.reporter]

It appears that there are people who are speculating that this present fire sale that bitcoin is presently having might become a fire sale of the present fire sale hehehe.

I am shaking my head vigorously now and I am praying wishfully that we will not dump anymore. This has been very painful feelings similar to 2022. This analyst is bullish for 2026, however.



Expect deeper price drawdowns as Bitcoin’s ‘maturing phase’ continues, says analyst

The recent brutal price drawdown isn’t the end of the cycle but instead a sign that the market is maturing, says Fabian Dori, chief investment officer at Sygnum bank, who argues that sharper swings should be expected as Bitcoin transitions from fringe speculative asset to a more established market.

“From a cycle perspective, we see a maturing phase rather than an ending one,” Dori wrote in a Thursday note to clients. “Volatility and drawdowns could indeed become more pronounced — but the macro environment remains supportive.”

Read in full https://www.dlnews.com/articles/markets/expect-more-price-turmoil-as-bitcoin-matures-says-analyst/

[STT]

First thing to say is for sure you can scale in but to say we know the future price is not the case.   I doubt I will get my wish which is for the previous years highs to be seen at least for a day, so all the way back to 2021 prices, I want the high price to be buyable now because with reference to all that time others have held & you are skipping the queue!

  BTC price fall like right now should be seen as like a black friday sale, rather then some absolute negative.  I do my best to always remember the price in a market is like an advert or price tag in a supermarket, its there to entice buyers it doesnt mean its forever or 100% accurate but the market always must provide buyers a reason to be buying on every single day even the holiday this day.

[dezoel]

Not just you, most people regret not selling when bitcoin price was above $125k, including me. The truth is, most of us set our expectations too high and unrealistically high, and now we all feel a little regretful.

But as I said, I believe not many people dared to buy when bitcoin price dropped to $82k in the past few days. But the funny thing is, they’re perfectly comfortable giving buy advice to others at this moment.

Honestly, in my opinion, people should not buy at this point because a bear market is inevitable and we will not lack better buying opportunities.

I agree that many people lost the opportunity to sell when bitcoins were at a peak of $125k because they believed in long term growth. I do not think they made a mistake but they just will need to hold their orders for much longer duration now. I do not see buying opportunity yet because I am expecting further dump but still just to be on a safer side, I have started buying smaller portions so I can average my entry price if the price keeps dropping. I do not want to miss this opportunity to buy bitcoins as they are already on sale as of now.

I think holiday season has made bitcoins go on sale and this should just be an another buying opportunity for all those who missed to sell at peak. They can still continue buying and holding for a couple of months before they can start seeing the profits.

[STT]

Its not a fire sale its black friday or thanksgiving or just holiday season this whole month till year end basically.   Abnormal times can create anti trend movements and distortion.

  What I see at the present is weakness and a need for Bitcoin to prove its recovery.  With weaker dollar apparent its quite possible but I see a fight ahead, price is lower but always assess risk and your capital flow.