Bitcoin market bubble pop

[STT]

Like the august sell off last year I still think the extremes are possible and you have to be ready for that, though its been a year since and the grand momentum of the 200 week moving average for BTC has risen this kind of sharp sell is still a possibility as Bitcoin remains volatile often with speculative flows.

We cannot only focus on the positives with the big highs and massive targets possible, its only fair and balanced to be realistic in seeing the negative extremes remain possible also.    I mostly blame the failure of FIAT for this, August 2024 selloff came from the Japanese Yen sending shock waves through markets I think, Bitcoin is part of that chain recoiling in shock events or fears.

Bitcoin itself is not the bubble, its been a consistent grower over a decade now, its gone further then the tech bubble of the 90's and can grow further.   I only wish for Bitcoin to continue to serve and be useful to the ordinary 'poor' user, if it became elite and overly held just by billion dollar entities then it clips my optimism tbh.
   Some of the prices do end up being too much and will not last, when we reach that point I'm not sure but I only fear when people stop calling it a bubble then maybe I do have to start worrying myself.

[bbc.reporter]

This is another article on digital asset treasuries where the writers have expressed their speculation that some of these dats might not be sustainable and much of them might not have a mandate similar to Microstrategy where Michael Saylor has very much made it very clear that he will never give the command to dump bitcoin held by Microstrategy.

These other digital asset treasury has not declared a promise similar to Michael Saylor. A promise from Saylor which we can be certain that will be a promise that will never be broken.



We take a look at some of the crypto treasury companies and talk about the structure of some of the latest deals and why people choose to invest in them. We look at how PIPE investors can make handsome profits when the treasury companies trade at a significant premium to mNAV. We briefly review some of the advisory agreements, asset management agreements and management incentives in place to grow the mNAV premium. We analyse the impact passive funds could have on the sector and how Vanguard could be the final bagholder for the successful treasury companies.

In our view, the end game here is that many of these companies eventually trade at a significant discount to mNAV and become zombies once again, potentially still paying significant fees, just like $GBTC. However a select few may make it. By “make it” it likely means that the companies achieve significant scale such that passive funds such as Vanguard and State Street become the largest shareholders, before the premium to mNAV eventually potentially declines to near 1.0x or lower.

Another more simple takea way from this report, is just to buy the ETFs.

Read in full https://blog.bitmex.com/treasury-company-advisory-agreements/

[bbc.reporter]

It appears that these digital asset treasuries are not the only speculated occurrence that might begin a type of market bearishness. There are other speculations that a recession in the American economy might be nearing already and it is speculated that this outflows on the bitcoin ETF that is being witnessed might be proof that the fear on the market is beginning.



Spot ether exchange-traded funds (ETFs) logged their fifth straight day of outflows this week, shedding $952 million in total and over $787 million in the four-day week alone.

Friday accounted for the sharpest decline, with $446.71 million leaving these ETH-linked funds. Spot bitcoin ETFs, in contrast, posted $246.4 million in net inflows over the past week. The contrast is notable, as funds investing in the flagship cryptocurrency saw $751.1 million in net outflows last month.

Its recent drawdown is likely related to a broader return from risk assets. That came after weak U.S. jobs data furthered expectations the Federal Reserve will cut interest rates later this month, along with growing fears of a recession.

Read in full https://www.coindesk.com/markets/2025/09/06/spot-ether-etfs-shed-usd952m-over-5-days-as-recession-fears-grow

[philipma1957]

It appears that these digital asset treasuries are not the only speculated occurrence that might begin a type of market bearishness. There are other speculations that a recession in the American economy might be nearing already and it is speculated that this outflows on the bitcoin ETF that is being witnessed might be proof that the fear on the market is beginning.



Spot ether exchange-traded funds (ETFs) logged their fifth straight day of outflows this week, shedding $952 million in total and over $787 million in the four-day week alone.

Friday accounted for the sharpest decline, with $446.71 million leaving these ETH-linked funds. Spot bitcoin ETFs, in contrast, posted $246.4 million in net inflows over the past week. The contrast is notable, as funds investing in the flagship cryptocurrency saw $751.1 million in net outflows last month.

Its recent drawdown is likely related to a broader return from risk assets. That came after weak U.S. jobs data furthered expectations the Federal Reserve will cut interest rates later this month, along with growing fears of a recession.

Read in full https://www.coindesk.com/markets/2025/09/06/spot-ether-etfs-shed-usd952m-over-5-days-as-recession-fears-grow

it is the simple realization eth is a shit coin.  and it went from 1400 to 4950.


so people that got in low just a few months ago are dumping.  not bearish at all just shit 💩 turning into diarrhea.

[bullbandit9]

it is the simple realization eth is a shit coin.  and it went from 1400 to 4950.


so people that got in low just a few months ago are dumping.  not bearish at all just shit 💩 turning into diarrhea.

Exactly. Many funds that were chasing shitcoins are down bad, because they included a mix of allegedly good coins like ETH and many the new big thing narratives. Many of those are useless and were just short-lived on hype. Most projects that were doing very well in the last cycle are down terribly still. Most will never recover.

Bitcoin is different, Bitcoin does not care. Bitcoin is not built on hype, on funding, on presales. That's why none of these news are relevant to us. 

[bbc.reporter]

It appears that the bubble pop is on the digital asset treasury company and not on the asset in their treasury heheheheh.

In any case, I speculate that if it will be cheaper for Microstrategy to buy the company behind the digital asset treasury to own the bitcoin in their treasury, Michael Saylor might certainly consider this tactic to collect more bitcoin. It will not be shocking to witness this in the next news updates.



Bitcoin treasury narrative gets ‘annihilated’ for firm as stocks collapse over 96%

One of the most hyped Bitcoin treasuries is imploding.

Nakamoto Holdings, which merged with healthcare company KindlyMD in August, crashed more than 50% on Monday, just days after its PIPE shares unlocked last week, allowing insiders to dump their stock on the market.

Shares for Nakamoto are down 96% from its May peak. Today, they trade at $1.50.

Now, Nakamoto’s collapse won’t kill the Bitcoin treasury trade, but for retail investors who bought the top — and its accompanying hype — the lesson is expensive but clear: not every company can be a MicroStrategy.

Read in full https://www.dlnews.com/articles/markets/nakamoto-nosedives-in-blow-for-bitcoin-treasury-narrative/

[bbc.reporter]

It appears that these digital asset treasuries are not the only speculated occurrence that might begin a type of market bearishness. There are other speculations that a recession in the American economy might be nearing already and it is speculated that this outflows on the bitcoin ETF that is being witnessed might be proof that the fear on the market is beginning.



Spot ether exchange-traded funds (ETFs) logged their fifth straight day of outflows this week, shedding $952 million in total and over $787 million in the four-day week alone.

Friday accounted for the sharpest decline, with $446.71 million leaving these ETH-linked funds. Spot bitcoin ETFs, in contrast, posted $246.4 million in net inflows over the past week. The contrast is notable, as funds investing in the flagship cryptocurrency saw $751.1 million in net outflows last month.

Its recent drawdown is likely related to a broader return from risk assets. That came after weak U.S. jobs data furthered expectations the Federal Reserve will cut interest rates later this month, along with growing fears of a recession.

Read in full https://www.coindesk.com/markets/2025/09/06/spot-ether-etfs-shed-usd952m-over-5-days-as-recession-fears-grow

it is the simple realization eth is a shit coin.  and it went from 1400 to 4950.


so people that got in low just a few months ago are dumping.  not bearish at all just shit 💩 turning into diarrhea.

It appears that people are also beginning to have the realization that Tom Lee's digital asset treasury on Ethereum is also not very good. I cannot say the word mentioned in the article because there will be members of the forum who will certainly be angry at me.

You can read the words mentioned in the source of the article.



Tom Lee's ETH Thesis is

Source https://x.com/rewkang/status/1970782770805813392?s=12

[bbc.reporter]

This is not the bubble pop, however, this was certainly a reminder that much of the leverage can be liquidated, the market can go down, and the scams will begin to be exposed.

What will presently be the next FTX or Luna? Similar to my argument before, it might be some of these digital asset treasuries. Do not triggered by this prediction, similar to the people who got triggered in the prediction that FTX might be the next one to bite the dust heheheh.

[philipma1957]

This is not the bubble pop, however, this was certainly a reminder that much of the leverage can be liquidated, the marker can go down, and the scams will begin to be exposed.

What will presently be the next FTX or Luna? Similar to my argument before, it might be some of these digital asset treasuries. Do not triggered by this prediction, similar to the people who got triggered in the prediction that FTX might be the next one to bite the dust heheheh.

and binance can do it to help BNB

THIS was a coordinated attack by some big players.
many coins tanked across the board.

[bbc.reporter]

@philipma1957. If this a coordinated attack, who are the attackers and what was being attacked? If what was being attacked is Binance, I reckon it is not working. However, there people questioning Binance's solvency in social media. However again, this might also be part of the coordinated attack hehehehe.

In any case, the contrarian in me is speculating that the cryptospace will pump and chase the pumps on gold and stocks and create the market bubble before the pop hehehe.

[FinneysTrueVision]

What will presently be the next FTX or Luna? Similar to my argument before, it might be some of these digital asset treasuries. Do not triggered by this prediction, similar to the people who got triggered in the prediction that FTX might be the next one to bite the dust heheheh.

ETH has had a good cycle, but its rise has been largely due to treasury companies, most of which are failing to create value for their shareholders. If Michael Saylor’s Strategy collapses, Bitcoin will be affected but not to the same magnitude as altcoins will be when the ponzinomics behind these treasury companies fall apart.

Stablecoins and RWAs might be a good narrative but they don’t meaningfully increase the value of the ETH currency. Bitcoin, by its nature, will remain useful as an alternative to fiat, so even if another major crash like FTX happened again, it will recover much faster while altcoins will get annihilated as their buyers disappear.

[bangjoe]

What will presently be the next FTX or Luna? Similar to my argument before, it might be some of these digital asset treasuries. Do not triggered by this prediction, similar to the people who got triggered in the prediction that FTX might be the next one to bite the dust heheheh.

ETH has had a good cycle, but its rise has been largely due to treasury companies, most of which are failing to create value for their shareholders. If Michael Saylor’s Strategy collapses, Bitcoin will be affected but not to the same magnitude as altcoins will be when the ponzinomics behind these treasury companies fall apart.

Stablecoins and RWAs might be a good narrative but they don’t meaningfully increase the value of the ETH currency. Bitcoin, by its nature, will remain useful as an alternative to fiat, so even if another major crash like FTX happened again, it will recover much faster while altcoins will get annihilated as their buyers disappear.

Saylor's failure will absolutely destroy the entire market, it seems. I think he'll also burst the bubble if he continues to do so aggressively. It's not a good thing if micro-strategists are on the verge of bankruptcy when their average buy price becomes above the BTC market price, but it's still relatively safe right now.

ETH has a growing ecosystem, and so does Solana. They have a growing ecosystem, and RWA exists on these two chains, as well as other ecosystems within the protocol. And we even have a lot of innovation on the Bitcoin network as well. But unfortunately, developers create their own governance tokens, limiting the utility of the main coin, but the burden accumulates on the main chain. This cycle is definitely very bad for ETH. Yes, you're right, the price increase is only due to treasury companies and ETFs, while there is very little retail.

[justdimin]

Saylor's failure will absolutely destroy the entire market, it seems. I think he'll also burst the bubble if he continues to do so aggressively. It's not a good thing if micro-strategists are on the verge of bankruptcy when their average buy price becomes above the BTC market price, but it's still relatively safe right now.

ETH has a growing ecosystem, and so does Solana. They have a growing ecosystem, and RWA exists on these two chains, as well as other ecosystems within the protocol. And we even have a lot of innovation on the Bitcoin network as well. But unfortunately, developers create their own governance tokens, limiting the utility of the main coin, but the burden accumulates on the main chain. This cycle is definitely very bad for ETH. Yes, you're right, the price increase is only due to treasury companies and ETFs, while there is very little retail.

I would assume that no person, not a single person, not even satoshi, can make bitcoin go to zero. So there is no need to be worried, at worst case we are going to have a crash in the market, and if you have no cash to invest that is a bad thing, but try to find some, do a garage sale if you have to, just get rid of whatever you can, if not just then end up with a bunch of better ways to make some money, starve yourself for a few months if you have to and eat only one meal that is cheap, I am not joking.

BUT NEVER TAKE LOANS, everything but that is acceptable. Then invest after the crash, at a very low price, and wait for it to recover, because even if we fall from here to 10k, I still would think that it will go back here one day so I will buy a lot more.

[martinex]

@philipma1957. If this a coordinated attack, who are the attackers and what was being attacked? If what was being attacked is Binance, I reckon it is not working. However, there people questioning Binance's solvency in social media. However again, this might also be part of the coordinated attack hehehehe.

In any case, the contrarian in me is speculating that the cryptospace will pump and chase the pumps on gold and stocks and create the market bubble before the pop hehehe.

It seems like market makers are trying to re-assess assets and prepare for the next big move. I understand that the pressure started when traders who traded short futures were beaten, and secondly, those who held long positions were also cleaned out. Is this just the beginning of what can be considered a "market warm-up" before a hard and deeper fall, coupled with Trump's indecisiveness regarding tariff policies with China and now the public will be asking when the potential for a major reversal will begin again.

[bbc.reporter]

What will presently be the next FTX or Luna? Similar to my argument before, it might be some of these digital asset treasuries. Do not triggered by this prediction, similar to the people who got triggered in the prediction that FTX might be the next one to bite the dust heheheh.

ETH has had a good cycle, but its rise has been largely due to treasury companies, most of which are failing to create value for their shareholders. If Michael Saylor’s Strategy collapses, Bitcoin will be affected but not to the same magnitude as altcoins will be when the ponzinomics behind these treasury companies fall apart.

Stablecoins and RWAs might be a good narrative but they don’t meaningfully increase the value of the ETH currency. Bitcoin, by its nature, will remain useful as an alternative to fiat, so even if another major crash like FTX happened again, it will recover much faster while altcoins will get annihilated as their buyers disappear.

I very much disagree that ethereum had a good performance in this bull market. It is presently not above the all time high from the bull market before. If it had a very good performance, this should be more than 2x of the last all time high.

This is a similar argument on bitcoin. It is presently not more 2x above the last all time high and much of the buying done on this is by Michael Saylor. If he did not buy as much bitcoin as he has done, I speculate the price would still be under $100k.

[Limmbabske]

In my opinion, the market will be down in prices as part of long term economic cycle.

[FinneysTrueVision]

I very much disagree that ethereum had a good performance in this bull market. It is presently not above the all time high from the bull market before. If it had a very good performance, this should be more than 2x of the last all time high.

This is a similar argument on bitcoin. It is presently not more 2x above the last all time high and much of the buying done on this is by Michael Saylor. If he did not buy as much bitcoin as he has done, I speculate the price would still be under $100k.

Everything is down right now. At the peak of its bull run ETH tripled in price from where it was in April. That is objectively good performance. If the standard is being 2x above previous all time highs, then almost no altcoin can be said to be performing well since many years. Even Solana, whose memecoin meta was the dominant narrative in altcoins for a while and went up 30x in two years, has performed badly by that standard.

For altcoins, it’s going to be very hard to go above prior highs due to there always being more and more competition. There are new blockchains launched every month and new tokens every day. ETH will go higher over time, but with the amount of dilution from other altcoins, we have to keep expectations realistic.

[bbc.reporter]

@FinneysTrueVision. I disagree that the performance of Ethereum is good. This has not performed similarly to the bull markets of before. If this will continue, I reckon there will be new seasons of Ethereum Killers until there will be one that will take the 2nd spot in coinmarketcap.com.

In any case, this is where I will begin to speculate that there will be no dump anymore heheheh. If banks and traditional finance analysts begin to declare something about bitcoin, we should begin to become contrarians hehehehehhe.



The cryptocurrency has been in a slump ever since renewed tension between the US and China billowed into capital markets, wiping out $19 billion in leveraged positions across crypto in a single day.

Now, as it trades at around $108,000, crypto’s top asset has an inescapable trip below the six-figure mark, according to Geoffrey Kendrick, head of digital assets research at UK-based bank Standard Chartered.

“The question now is how far does Bitcoin need to fall before finding a base,” Kendrick said in an October 22 note to investors.

“A dip below $100,000 seems inevitable.”

Read in full https://www.dlnews.com/articles/markets/bitcoin-faces-inevitable-dip-to-100k-says-standard-chartered/

[bbc.reporter]

There might be more bad news that might be published on November because some of these digital asset treasuries' stocks have dumped from their all time high when they announced their cryptocoin strategies similar to Microstrategy heheheeh.

However, I speculate that it will be a chance to buy cryptocoins on low prices before another pump that might occur until December.



Nakamoto Holdings, the Bitcoin treasury firm led by Bitcoin Magazine CEO David Bailey, has seen its stock collapse by over 98% since its May high after a wave of investor selling linked to its $563 million private investment in public equity (PIPE) deals.

However, its financing model, which involved selling heavily discounted shares to private investors to fund Bitcoin purchases, backfired when a large batch of PIPE shares became eligible for sale in September. The resulting flood of sell orders cratered the stock price, erasing billions in market value, Bailey said in a recent interview with Forbes.

Read in full https://cointelegraph.com/news/nakamoto-stock-collapses-95-after-563m-pipe-deals



There are people on social media that have declared that there digital asset treasuries that have begun to dump bitcoin. Does anyone have a proof on this or is this fud?

[bbc.reporter]

What is everyone's speculation on where bitcoin's price will end on 2025? Will we witness another pump or has market bubble pop begun? This will be another headshaking occurrence because it very much appears that the people in the cryptospace have not changed. On social media, they are very much bullish and waiting for another pump. Are these influencers really bullish or are these influencers using their followers as exit liquidity again?