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Bitcoin News
Browse all Bitcoin related articles and news. The latest news, analysis, and insights on Bitcoin.
Binance and Strategy Bought Bitcoin at the Dip
In a period of continued sharp fluctuations in the cryptocurrency markets, Bitcoin moves from two major players in the sector have attracted attention. Both Binance and Strategy, which stands out with its institutional Bitcoin strategies, have made significant BTC purchases in recent days. These steps show that the long-term Bitcoin approach continues to be maintained at the institutional level despite the selling pressure in the markets.Binance completed its first Bitcoin purchase under the Secure Asset Fund for Users (SAFU), which it created for user security. As part of its plan to reduce the stablecoin weighting of the SAFU fund, the exchange purchased a total of 1,315 Bitcoin. According to Blockchain.com data, this purchase, worth approximately $101 million, was made at an average price of $77,409 per Bitcoin. Binance aims to convert the entire approximately $1 billion stablecoin balance in the SAFU fund into Bitcoin within the next 27 days.Binance officials emphasize that there is no change in the purpose of SAFU. The fund has been used since 2018 to protect users in situations such as extreme market conditions, cyberattacks, or unexpected losses. The conversion of reserves previously held in BUSD and then USDC to Bitcoin reveals Binance's positioning of BTC as a long-term store of value. This move also came immediately after a sharp sell-off in Bitcoin that briefly dropped below $75,000. Strategy also in the spotlightOn the other hand, purchases continued unabated at Strategy. The company announced that it purchased another 855 Bitcoin between January 26 and February 1. According to the 8-K filing with the US Securities and Exchange Commission (SEC), this purchase was made for approximately $75.3 million, with an average cost of $87,974 per Bitcoin. Thus, Strategy's total Bitcoin holdings reached 713,502 BTC.Michael Saylor, the company's co-founder and chairman of the board, states that the average cost of the total purchases was $76,052. At current prices, Strategy's Bitcoin portfolio is worth approximately $56 billion. This represents more than 3.4% of Bitcoin's total supply of 21 million. However, recent price drops have raised risks for Strategy. With Bitcoin falling below $76,000, the company's average cost of ownership temporarily turned into a loss, the first time this has happened since October 2023. Strategy's purchases are largely financed through the sale of MSTR shares on the market. The company still has over $8 billion in additional share sale capacity. Saylor has previously stated that Strategy's capital structure is designed to withstand prolonged and sharp declines in Bitcoin. Despite this, both the decline in Bitcoin price and the loss in Strategy's share value demonstrate that institutional Bitcoin strategies are vulnerable to significant short-term fluctuations.
Investors Hit the Brakes: Chainlink is an Exception in the $1.7 Billion Outflow from ETFs
According to CoinShares' weekly report, investor appetite for global cryptocurrency investment products has weakened significantly. Outflows from crypto funds offered by major asset managers such as BlackRock, Grayscale, Fidelity, and Bitwise accelerated for the second consecutive week, with a total net outflow of $1.7 billion recorded last week. This has turned the cumulative flow negative since the beginning of the year, bringing the total outflow to $1 billion by 2026. The strong redemptions seen in the last two weeks have also dragged down total assets under management. According to CoinShares data, assets under management in cryptocurrency investment products have decreased by $73 billion since their peak in October 2025. CoinShares Research Director James Butterfill attributes this deterioration in investor sentiment to a combination of macroeconomic and intra-market factors. According to Butterfill, the appointment of a more hawkish Fed chairman in the US, the continuation of whale selling associated with the cryptocurrency's four-year cycle, and increasing geopolitical uncertainty are among the main factors suppressing risk appetite. The center of outflows is the US, with the bulk of the burden on BitcoinThe regional distribution shows that the selling pressure originated mainly from the US. Last week, $1.65 billion of the global total flowed out of US investment products. Canada and Sweden were also among the countries that recorded net outflows, with $37.3 million and $18.9 million respectively. In contrast, Switzerland ($11 million) and Germany ($4.3 million) were among the rare markets that recorded net inflows, albeit limited. Looking at it on an asset basis, the picture becomes even clearer. The majority of outflows were concentrated in Bitcoin products. Bitcoin-focused funds, especially led by BlackRock's IBIT product, saw a net redemption of $1.32 billion on a weekly basis. Ethereum products saw an outflow of $308 million. The breakdown of altcoins in the table also shows that the selling pressure was not limited to majors. According to CoinShares data, last week there was a net outflow of $43.7 million from XRP products and $31.7 million from Solana products. While a $13.5 million pullback was observed in multi-asset products, it was noted that risk appetite for altcoin baskets weakened significantly. In contrast, some smaller-scale products experienced a limited positive divergence; Chainlink products recorded $0.5 million inflows, and the “Other” category saw $8.6 million inflows. Litecoin and Sui, however, did not show any significant directional movement on a weekly basis.Some “niche” products stand outDespite the negative picture, some products were exceptions. Short Bitcoin products attracted a net inflow of $14.5 million, reflecting investors' search for hedging against the decline. It is stated that the increase in assets under management in this segment has reached 8.1 percent since the beginning of the year. In addition, some thematic products classified as “Hype” by CoinShares also attracted attention with an inflow of $15.5 million. According to the report, this interest was supported by the increased on-chain activity towards tokenized precious metals. The sharp pullback on the price front makes the disruption in fund flows more understandable. In the last week, Bitcoin has lost approximately 12% of its value, while Ethereum has fallen by about 22%. In this environment of weak liquidity, investors' risk-averse movement towards cash is emerging as one of the key dynamics accelerating fund redemptions. The overall picture indicates a cautious stance prevailing in crypto investment products in the short term. CoinShares highlights that investor sentiment has been negatively impacted by macroeconomic uncertainties and market cycles, while noting that some products continue to attract interest, albeit in limited amounts.
Bitcoin experiences weekend sell-off: Drops below $75,000, 40% away from ATH
Bitcoin is seeking equilibrium again, recovering above $76,000 after a brief sell-off during weekend trading. Forced liquidations triggered when the price fell below $75,000 once again highlighted the shallow liquidity of the market. This brief visit below the support level resulted in a typical V-shaped price movement, demonstrating why sell-offs and recoveries are so sharp in shallow order books. According to price change data, Bitcoin has lost over 2% in the last 24 hours, while the seven-day performance shows a decline exceeding 12%. However, a limited recovery is noticeable in the short term; the price is currently positive on an hourly basis. Buying from the lows around $74,500 on the 24-hour chart has pushed the price back towards the $76,000 range. However, the double-digit loss in the 30-day outlook indicates that the market is still under strong pressure. Massive Liquidation in the MarketIn the last 12 hours, a total of $510 million worth of leveraged positions were liquidated in the crypto markets. Approximately $392 million of this figure consisted of long positions. The fact that the sales predominantly hit bullish positions revealed that there is already a large number of optimistic positions in the market, and therefore the price remains vulnerable to downward movements. Weak market depth means that even relatively limited sales can easily lead to the breaking of technical levels.The weakening of risk appetite was also clearly felt in the altcoin front. Ether fell by over 8% in the last 24 hours, while losses in BNB, XRP, and Solana ranged from 4% to 6%. Assets with high volume but lower volatility, such as Dogecoin and TRON, weathered the period with more limited losses. The overall picture shows that investors are in a widespread risk-reduction trend.On the macro side, manufacturing data from China, while signaling limited stability for global markets, did not create a direct catalyst effect on Bitcoin. While private sector surveys indicate a slight recovery in production, official data remains in contraction territory. Tight controls on the yuan and limited new stimulus measures are preventing direct impact of Chinese liquidity on crypto markets.Bitcoin falls below average cost in ETFsOn the other hand, the picture is more fragile in the US spot Bitcoin ETF market. According to Galaxy Digital research director Alex Thorn, the Bitcoin price has fallen below the average cost of spot ETFs in the US. CoinGlass and BiTBO data show that ETFs hold approximately 1.28 million BTC and the average cost is around $87,800. A total outflow of $2.8 billion from spot ETFs in the last two weeks reveals weakening institutional demand.Total ETF holdings have fallen by more than 31 percent compared to their peak in October, while the Bitcoin price drop has approached 40 percent. Thorn emphasizes that institutional investors have not completely abandoned their positions, but the appetite for new purchases has decreased significantly. Nick Ruck, Director of LVRG Research, warns that Bitcoin could enter a more pronounced bear market if the recovery is delayed. Increased macroeconomic uncertainty in the US, geopolitical risks, and tightening liquidity conditions continue to put pressure on the price.
BTC Commentary and Price Analysis - February 1, 2026
BTC Technical Analysis BTC Critical Zone On the BTC side, the 71,000 – 74,000 dollar range clearly stands as a critical zone. Since this band is both an area that produced strong reactions in the past and the Fibonacci 0.618 region, it acts as the main balance area.As long as price stays above this region, the upside scenario remains intact. In this scenario, the first target is the 82,000 dollar band. If sustainability above 82,000 is achieved, the move is expected to continue toward the 91,000 dollar level.In the downside scenario, the 71,000 dollar level is critical. If this level is lost, the structure weakens and 64,000 dollars stands out as a strong support below.In summary;Above 71,000 – 74,000 → structure remains positiveTargets: 82,000 → 91,000Below 71,000 → 64,000 support comes into playThese analyses, which do not provide investment advice, focus on support and resistance levels that are thought to create short- and medium-term trading opportunities depending on market conditions. However, the responsibility for trading and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss for the positions shared.
Bitcoin Fell to its November Lows, and $1 Billion Was Withdrawn
Bitcoin fell to $81,200 on Friday, the second trading day following the US Federal Reserve's (Fed) decision to keep interest rates unchanged, as selling pressure intensified. This move, marking the lowest level since November, wasn't limited to Bitcoin; US-based spot crypto ETFs experienced net outflows of over $1 billion in a single day. Simultaneous outflows from Bitcoin, Ethereum, Solana, and XRP demonstrated the rapid impact of deteriorating risk appetite on the crypto market. While markets initially appeared relatively calm immediately after the Fed's decision, selling quickly accelerated. The widespread pullback in US stock and commodity markets also reversed the downward trend in crypto assets. Bitcoin lost approximately 3% of its value during the day, while altcoins experienced even sharper declines. Large projects like Ethereum and Solana also faced daily losses approaching double digits. Another notable factor during this period was the sharp correction in the gold market. Precious metal prices fell by approximately 7 percent in a short period, resulting in a loss of trillions of dollars in market value. Despite this, a year-to-year performance comparison reveals a divergence in investor preferences. While gold has risen by over 80 percent in the last year, Bitcoin has fallen by approximately 20 percent during the same period. This indicates that defensive capital is still flowing towards traditional safe havens.The sell-off also triggered forced liquidations in leveraged trades. Over $1.8 billion worth of positions were closed in the last 24 hours, with the majority of these liquidations coming from long positions. Although the price showed a limited recovery to around $82,600, Bitcoin is heading towards its fourth consecutive monthly loss. This series was last seen in the post-ICO bear market of 2018.Liquidity issues are prominentMarket commentators emphasize that liquidity conditions, rather than the interest rate decision, were the determining factor in the recent decline. The tight global liquidity is making it difficult for crypto assets to recover. Although there are expectations of easing nominal interest rates, credit conditions and dollar liquidity still do not indicate a supportive environment for crypto. In contrast, gold has historically continued to attract capital during periods of weaker dollars.Short-term positioning is also among the factors increasing pressure. Markets, which entered the week with high risk appetite, changed direction with increasing concerns about the artificial intelligence spending of large technology companies. In an environment where credit spreads are quite narrow, risk aversion accelerated and Bitcoin took its share of this wave. Analysts state that if the $83,500 level is not surpassed, the $80,000 region may come back into play. Temporary pressure on minersIn addition to macro factors, on-chain data shows that there has been stress on the mining side recently. The harsh winter conditions in the US led some large miners to temporarily halt production. As a result, one of the largest drops in the total computing power of the network since 2021 occurred. Hashrate has fallen by approximately 12 percent, while daily mining revenues have dropped to their lowest levels of the year.With weather conditions returning to normal, there are signs of recovery in block times and network performance. However, weakness in prices and continued ETF outflows are causing a cautious outlook to be maintained in the crypto market in the short term.
Binance is Converting Its Entire $1 Billion Reserve into Bitcoin
Binance has taken a significant step to prioritize user security by deciding to convert its $1 billion reserve held under the Secure Asset Fund for Users (SAFU) entirely into Bitcoin. According to an open letter published by the company on Friday, the SAFU fund, currently dominated by stablecoins, will be gradually converted to Bitcoin over the next 30 days. Binance emphasized that this move aims to support the sector during market cycles and periods of uncertainty, and also reflects their confidence in Bitcoin's long-term value. The SAFU fund was first established in July 2018 following a major security breach. Since then, the fund has acted as a safety net protecting Binance users against potential attacks, technical glitches, or unexpected platform issues. The fund is sourced from a portion of commission income earned from spot transactions. Until now, the fact that SAFU was largely composed of stablecoins was considered a conscious choice to provide quick liquidity during times of crisis. However, Binance's latest announcement clearly indicates a change in perspective. According to the company, Bitcoin is the most reliable store of value in the crypto ecosystem in the long term. Therefore, converting SAFU entirely to Bitcoin is not just a reserve management decision; it also represents a strategic stance. Binance management argues that this approach will provide a more solid foundation for user security in the long term, despite short-term price fluctuations. Of course, Bitcoin's volatile nature poses additional risks for such a fund. Binance has defined a clear balancing mechanism to manage this risk. According to the company's statement, if the SAFU fund's market capitalization falls below $800 million due to fluctuations in the Bitcoin price, the fund will be increased back to the $1 billion level. In practice, this means that additional Bitcoin purchases will be made during price drops. In this way, Binance aims to both maintain the fund's protective power and implement a "buy the dip" strategy during market downturns. Bitcoin is fallingThe timing of this decision is also noteworthy. The Bitcoin price has fallen by approximately 7 percent in the last 24 hours, dropping to the $82,000 level, reaching its lowest point since November. There are multiple factors behind the selling pressure. Investors shifting towards precious metals like gold and silver, new US tariff announcements related to trade policies, global geopolitical tensions, and increasing risk aversion in equity markets are among the main elements triggering this decline. In addition, ongoing outflows from Bitcoin exchange-traded funds (ETFs) are also putting pressure on the price. The weakness in Bitcoin has also been reflected in the altcoin market. Major crypto assets such as Ethereum, XRP, and Solana have also lost value at similar rates. The situation is even harsher in the derivatives markets. According to Coinglass data, approximately $1.7 billion worth of positions were liquidated in the last 24 hours, a large portion of which consisted of long positions. This reveals the fragile state of the market. On the other hand, Binance particularly emphasizes its security record. The company states that throughout 2025, it helped recover user funds in tens of thousands of cases related to incorrect transfers and similar issues, and warned millions of users about potential fraud risks. It is also stated that collaborations with global law enforcement agencies have contributed to freezing hundreds of millions of dollars in illicit funds. The proof-of-reserve report published at the end of the year revealed that user assets on Binance totaled $163 billion, and these assets are backed by 45 different cryptocurrencies.
Tokyo-Based Company Has a $137 Million Bitcoin Plan
Tokyo-based Metaplanet is preparing for a large-scale capital increase to both strengthen its balance sheet and accelerate Bitcoin accumulation. The company aims to raise up to 21 billion yen (approximately $137 million) in total through a new share issuance and share purchase rights (warrants) via a third-party allocation method. A significant portion of the funds will be used for partial debt repayment, while the remainder will be used for new Bitcoin purchases and general institutional needs. Metaplanet takes action again for BitcoinAs part of the planned transaction, Metaplanet will issue 24.53 million new common shares at a price of 499 yen per share. This price represents a premium of approximately 5 percent compared to the previous closing price. In the first phase, approximately 12.24 billion yen in cash inflow is expected from this sale. However, the share's intraday performance was volatile, reflecting short-term dilution concerns; shares closed the day at 456 yen, down approximately 4 percent.The fact that the capital increase is structured as a third-party allocation is noteworthy. This method means that instead of selling shares on the public market, they are directly placed with a specific and limited group of investors. Company management aims to create a more controlled investor profile and limit the risk of volatility. Each new share issued is accompanied by a right to purchase 0.65 shares. This structure corresponds to a total of 15.94 million potential new shares, providing 65% warrant coverage. The exercise price for these rights is fixed at 547 yen, and the exercise period is limited to one year. If all rights are exercised, Metaplanet could receive an additional 8.9 billion yen. The fixed exercise price offers a relatively more predictable scenario for existing shareholders, as it limits variable dilution compared to a moving strike structure. The company plans to use 5.2 billion yen of the initial funds to partially repay existing debts. According to Metaplanet's publicly available data, the company has approximately $280 million in debt on its balance sheet. Management emphasizes that reducing debt will lower interest expenses, increasing long-term financial flexibility.The remaining funds are expected to be primarily allocated to Bitcoin purchases. Metaplanet currently holds the fourth-largest Bitcoin treasury among publicly traded companies, with a reserve of 35,102 BTC. This strategy positions the company as a "Bitcoin treasury," offering digital asset exposure through its balance sheet, rather than a traditional investment holding company.The recent adoption of similar strategies by some publicly traded companies globally makes Metaplanet's move part of a broader trend. The company argues that it has charted a balanced roadmap aimed at both gradually reducing debt and benefiting from the long-term potential of Bitcoin's price. While dilution discussions remain on the agenda in the short term, management believes this step will create shareholder value in the medium and long term.
Bitcoin and Altcoins Show Signal of Recovery Ahead of Fed Interest Rate Decision
Bitcoin traded sideways just below the $89,000 level, while the overall sentiment in the cryptocurrency market was one of cautious optimism. Ahead of the Federal Reserve's (Fed) interest rate decision, expected around 9 PM Turkish time, investors appeared hesitant to take risks, resulting in price movements remaining within a narrow range. Bitcoin traded around $88,800 in the morning, showing a limited recovery effort after the volatile start to the week. On the Ethereum front, a stronger performance was evident. Ethereum, the second-largest cryptocurrency by market capitalization, rose by nearly 2%, approaching the $3,000 level, while most large-scale altcoins also saw slight increases. However, it is argued that these increases do not signal the start of a strong trend, but rather represent short-term stabilization movements in a market currently in a waiting mode. This calm trend in the cryptocurrency market mirrors the global market sentiment. Asian stock markets are testing new highs, while US futures indices are also indicating a positive opening. Optimism, particularly towards technology stocks and AI investments, is keeping risk appetite alive in equity markets. The S&P 500 index closed at a record high, while the financial results to be announced this week by major technology companies are among the main agenda items for the markets.The weak performance of the US dollar is also one of the main factors supporting risky assets. The dollar index fell to its lowest levels since the beginning of 2022 during the week, and investors began pricing in more flexible messages from the Trump administration regarding the "weak dollar." This situation has led to sharp increases in precious metals such as gold and silver, while cryptocurrencies appear to have lagged behind this rally.Leveraged positions are noteworthyAccording to market analysts, Bitcoin's recovery from the $86,000-$87,000 range is related more to the clearing of leveraged positions than to a strong buying wave. The concentration of long liquidations in this region reduced excessive leverage in the market and allowed the short-term price structure to become more balanced. Therefore, the recent rise is considered more of a technical relief than a momentum boost.The Fed's interest rate decision and the messages it will deliver today will be decisive for the crypto market in the short term. The market is generally pricing in a decision to keep interest rates unchanged. However, signals regarding inflation and the future interest rate path may cause a new direction to be determined in risky assets. A more dovish tone could revive interest in crypto assets, while a cautious or tight stance could bring about a new price correction.On the other hand, it is frequently stated that the strong performance of global equity markets in recent months has drawn capital from crypto. Fund flows towards large technology stocks are among the factors limiting the rises in Bitcoin and altcoins. This situation shows that the crypto market is waiting for clarification on the macro front and is struggling to enter an aggressive upward trend without a strong catalyst. Looking at the current situation, Bitcoin appears to be struggling to hold its ground within a narrow range, while the market continues to search for direction. Without clarity on the Fed's decision, the balance sheets of major tech companies, and the trajectory of the dollar, a strong and sustained upward movement in the cryptocurrency market seems unlikely. For now, prices are holding steady, but momentum has not yet been generated.
Precious Metals at Their Peak, Bitcoin on Hold: Is a Crypto Rally Next?
The sharp movements in gold and silver markets, considered safe havens, have become the focus of the global investment agenda in recent days. In particular, silver prices testing historical highs and the accompanying record ETF trading volumes have made the divergence from cryptocurrency markets even more visible. Bitcoin, meanwhile, has struggled to gain momentum, and according to some analysts, this calm indicates the calm before the storm.Silver gains over 500%The price of silver surpassed $117 per ounce, reaching an all-time high. Although it retreated to around $105 later in the day, silver's total increase since the end of 2017 has exceeded 500%. During the same period, Bitcoin has yielded approximately 500%, while gold has remained slightly below 300%. In short, precious metals have shown a stronger performance than crypto assets, especially in recent months. Along with price increases, trading volumes have also exploded. The intense interest seen in silver-indexed ETFs has been noteworthy. iShares Silver Trust became the most traded security globally in a single day, with a trading volume exceeding $32 billion. According to Bloomberg Intelligence, this figure is approximately 15 times the fund's daily average. This volume even surpassed the S&P 500 ETF and giant stocks like Nvidia and Tesla on the same day. It is noted that psychological price levels and momentum trading played a significant role in this sharp rise. Nic Puckrin, co-founder of Coin Bureau, says that gold exceeding $5,000 and silver exceeding $100 triggered investor behavior. According to Puckrin, investors show strong interest in such symbolic thresholds, which accelerates the rise. Furthermore, structural demand for metals like silver and copper, used in AI infrastructure, data centers, and energy grids, also fueled the rally. However, this enthusiasm did not last long. Following record highs, gold and silver experienced a sharp correction. In approximately 90 minutes, nearly $1.7 trillion in value was wiped from the markets. Silver saw a pullback of over 10%, while the decline in gold was more limited. Market commentators are interpreting this movement as intense profit-taking rather than panic. The partial easing of geopolitical tensions and the overcrowding of positions were among the factors that accelerated the sell-off. At this point, attention has turned back to Bitcoin. While precious metals experienced sharp sell-offs, Bitcoin remained relatively calm and managed to hold around $88,000. Some investors are interpreting this as a sign of a quiet accumulation process. Historical examples also support this view. In the 2017 and 2021 cycles, it was observed that after strong increases in gold, capital flowed into crypto assets, and sharp rallies began in Bitcoin. One of the proponents of this view is Tom Lee, managing partner of Fundstrat. According to Lee, when the excessive rise in gold and silver begins to cool, it is possible for Bitcoin and Ethereum to experience a "catch-up rally". In his assessment on CNBC, Lee stated that the crypto markets have lagged behind in recent months due to a significant reduction in leverage, but that fundamental dynamics have strengthened. He also argued that a weak dollar and easing Fed policies could work in favor of crypto in the medium term. Therefore, while the sharp fluctuations in precious metals in general create uncertainty in the short term, some analysts believe this process could signal a new shift in direction for the crypto markets. The coming weeks are considered critical for clarifying this potential capital rotation.
Strategy Can't Get Enough of Bitcoin: Bought 2,932 BTC
Strategy, which has placed Bitcoin at the center of its balance sheet strategy, continues its purchases without slowing down. The company announced that it purchased a total of 2,932 Bitcoin between January 20-25. According to the 8-K filing with the US Securities and Exchange Commission (SEC), approximately $264.1 million was spent on this purchase, and the average cost per Bitcoin was $90,061.Another Bitcoin move from StrategyWith this latest purchase, Strategy's total Bitcoin holdings have reached 712,647 BTC. The company's co-founder and CEO, Michael Saylor, shared that the total cost of the current portfolio is approximately $54.2 billion, and the average purchase price is $76,037. Considering current prices, Strategy's on-paper profit is calculated to be approximately $8.3 billion. These figures also reveal the company's weight in the Bitcoin supply. Strategy's Bitcoin holdings represent approximately 3.4% of the total supply, which has a maximum of 21 million BTC. This positions the company uniquely, not only among institutional investors but also within the global Bitcoin ecosystem.The financing for recent purchases came from sales of Class A common shares (MSTR) and perpetual preferred shares (STRC). Last week, Strategy generated approximately $257 million by selling around 1.57 million MSTR shares. During the same period, it raised approximately $7 million from the sale of 70,201 STRC shares. The company states that it still has the capacity to issue billions of dollars worth of additional shares under its current programs.This financing structure is part of Strategy's long-term capital plan. Under this strategy, called the "42/42 plan," the company aims to raise a total of $84 billion in capital by 2027. This plan includes both equity issuances and convertible debt instruments and aims to directly finance Bitcoin purchases. In addition, investors are offered perpetual preferred shares with different risk-return profiles, such as STRK, STRC, STRF, and STRD. Michael Saylor, as usual, hinted at this latest purchase beforehand. On Sunday, he added the note "Unstoppable Orange" to his Bitcoin purchase tracking chart, signaling a new purchase in the market. This post also confirmed that the company had completed its fifth consecutive weekly Bitcoin purchase. Strategy's aggressive accumulation policy coincided with a period of short-term volatility in the Bitcoin price. After rising above $97,000 at the beginning of the year, Bitcoin recently fell to around $87,000, giving back much of its year-to-date gains. In parallel, Strategy shares (MSTR) also came under pressure, with the share price falling by over 2% on a weekly basis. On the other hand, Strategy is not alone. According to Bitcoin Treasuries data, 194 publicly traded companies currently hold Bitcoin on their balance sheets. While names like MARA, Metaplanet, Riot Platforms, Coinbase, Hut 8, and CleanSpark are among the largest institutional Bitcoin holders, Strategy maintains its leading position by a wide margin. It is speculated that if the company continues at its current pace, it could approach the 800,000 BTC mark by the end of the year.
Sell in BTC, ETH, XRP: SOL, LINK, and BNB Funds Remain Strong
The global crypto investment market experienced a sharp shift in direction during the last week of January. According to a weekly report published by CoinShares, there was a net outflow of $1.73 billion from digital asset investment products. This figure was recorded as the largest weekly fund outflow since mid-November 2025 and indicated a renewed weakening of risk appetite among institutional investors.CoinShares Research Director James Butterfill states that several key factors stand out behind these outflows. According to Butterfill, weakening expectations for expected interest rate cuts from the US Federal Reserve, negative momentum in crypto prices, and the fact that digital assets have not yet been included in the "debasement trade" narrative led investors to reduce their positions. In particular, increased uncertainty on the macro front led to a more cautious stance in institutional portfolios. The outflows were centered in the USLooking at the regional distribution, it is seen that almost all of the fund outflows originated from the US. While approximately $1.8 billion flowed out of crypto investment products in the US, this constituted the majority of the global total. In contrast, a more balanced picture prevailed in Europe and Canada. Switzerland, Germany, and Canada were among the regions that viewed the recent price pullbacks as buying opportunities. Net inflows of $32.5 million, $19.1 million, and $33.5 million were recorded in these three countries, respectively. On the other hand, some countries, such as Sweden and the Netherlands, saw more limited fund outflows. This indicates that rather than a one-way global risk aversion, regionally differentiated strategies came to the forefront. Bitcoin and Ethereum at the center of selling pressureAccording to asset-based data, the two largest crypto assets in the market were again at the center of selling pressure. Bitcoin investment products experienced weekly outflows of $1.09 billion. This was the sharpest pullback in Bitcoin funds since November 2025. During the same period, $630 million flowed out of Ethereum products. This chart revealed that negative sentiment was not limited to a single asset but spread across the entire market.On the other hand, a limited inflow of $0.5 million into Bitcoin short-position-based products showed that some investors continued to take positions expecting a decline. CoinShares, however, emphasized that overall sentiment has not significantly recovered since the sharp price drop in October 2025. Solana, LINK, and BNB stand outWhile the overall picture was negative, Solana was a notable exception. Solana-focused investment products recorded a net inflow of $17.1 million, positively diverging from the market. Smaller-scale inflows were also observed in BNB Coin and Chainlink products. This is considered a significant signal that investors are selectively taking positions rather than exiting the market entirely.
Gold Hits New Record High While Bitcoin Falls to $87,000
Bitcoin started the week weakly, influenced by the increasing risk-aversion trend in global markets. With increased selling pressure in the last 24 hours, Bitcoin fell below the $88,000 level, dropping to the $87,000 range. While there is no single factor behind the decline, it is thought that investors are focusing on macroeconomic developments. Bitcoin and altcoin prices declinedData from the last 24 hours revealed that the sell-off was not limited to Bitcoin. Ethereum also experienced a drop of over 3% in the same period, approaching the $2,800 level. This cautious atmosphere prevailing across the market is, according to analysts, fueled by the renewed political uncertainties originating in the US.Rick Maeda from Presto Research stated that the recent price movements in crypto assets are based on a "widespread risk-aversion reflex." According to Maeda, markets are focused more on the possibility of a partial shutdown of the US federal government rather than on crypto-specific news flow. The deadlock in budget negotiations and ongoing political infighting in Congress are putting pressure on risky assets.Concerns about a possible US government shutdown have become more pronounced in recent days. Signals that Democrats may block the Department of Homeland Security budget bill have strengthened the perception of uncertainty. Data from the forecasting market Polymarket indicates that the probability of this scenario occurring has risen to 75 percent. This situation is leading investors to repricing their risk premiums.A cautious stance is also noticeable on the institutional front. Spot Bitcoin ETFs traded in the US recorded a net outflow of approximately $1.33 billion in the third week of January. This figure stands out as the weakest weekly performance since February 2025. Vincent Liu, CIO of Kronos Research, said that the general ETF outflows reflect a risk-aversion trend, but some selective purchases show that long-term belief has not been completely lost.On-chain data also confirms the fragile nature of the market. CryptoQuant notes that long-held Bitcoin holders have been selling off during recent rallies, while new investors have absorbed these sales. Glassnode points out that cost zones concentrated around $98,000 are creating strong supply pressure. This makes it difficult for the price to permanently settle above $100,000 in the short term. Gold hits another record highOn the other hand, the search for safe havens is more clearly felt in the commodity market. Gold prices have reached record levels, rising above $5,000 per ounce, indicating that investors are turning to store-of-value assets in the face of geopolitical risks and a weakening dollar. Meanwhile, the price of gold per gram is around 7,100 TL.In the coming days, the focus of the markets will be on the US Federal Reserve's interest rate decision and inflation data. Analysts point out that balancing ETF flows in Bitcoin and maintaining current support levels are critical for the short-term outlook. For now, the picture suggests that the crypto market has entered a horizontal and volatile period accompanied by uncertainties, rather than a new rally.
$2.3 Billion Worth of Options on Bitcoin and Ethereum Are Expiring
The cryptocurrency markets are entering a critical day today due to approximately $2.3 billion worth of Bitcoin and Ethereum options expiring. This high-volume expiration sets the stage for renewed volatility in the short term, especially as prices tend to concentrate at certain levels. According to experts, price movements before and immediately after expiration may be shaped more by technical and mechanical hedging transactions than by fundamental developments.Large amounts of Bitcoin and ETH options are expiringBitcoin accounts for the majority of the total expiration amount, with a volume of approximately $1.94 billion. Bitcoin is trading around $89,700 before expiration, while the level known as "maximum pain" in the options market is $92,000. The maximum pain level is known as the price point where the most option contracts expire worthless, and price movements towards this level are frequently monitored.The total open interest on Bitcoin is at 21,657 contracts. Of these positions, 11,944 are call options and 9,713 are put options. The resulting put/call ratio of 0.81 indicates cautious optimism in the market. However, this optimism is not strong, and it still leaves room for sharp price movements in both directions. On the Ethereum front, the total nominal value of expiring options is approximately $347.7 million. Ethereum is trading in the $2,950–$2,960 range before expiry, with a maximum price of $3,200. The number of open positions in Ethereum options is higher in absolute terms; there are a total of 117,513 contracts. Of these, 63,796 are call options and 53,717 are put options. The put/call ratio of 0.84 shows that Ethereum investors also have a similar cautious bullish expectation. It is noteworthy that this week's options expiry is more limited compared to the approximately $3 billion in options volume that expired last week. Nevertheless, the main reason for the high market sensitivity is the concentration of positions around key strike prices.Deribit, one of the leading derivatives platforms, points out that the clustering of open positions at certain price levels increases short-term price sensitivity. According to analysts, geopolitical risks, uncertainties regarding trade policies, and question marks regarding global monetary policy are driving investors towards hedging options rather than directional positions. This causes the implied volatility to remain high even if spot prices appear calm.As the expiry time approaches, price levels called "strike magnets" can create a magnetic field in the market. Hedging transactions carried out by market makers to remain delta-neutral can push prices towards these levels. On the other hand, if the price moves sharply away from these bands, the rapid readjustment of hedge positions can further increase volatility. With the expiration of options, the accumulated gamma risk in the market is expected to be resolved, and volatility is expected to be repriced. This could trigger a new directional movement in Bitcoin and Ethereum as we head into the weekend. This movement could take the form of a relief rally as selling pressure decreases, or it could turn into a downward move as macro risks resurface.
Major Bank UBS Adds Crypto to its Agenda for Private Clients
According to Bloomberg, UBS Group AG is considering offering cryptocurrency investments to select private banking clients. For the bank, which manages approximately $4.7 trillion in assets, this move represents a shift towards a more visible position in the digital asset space. There is no set launch timeline yet; the process is ongoing, with partners being selected and the service model being developed. According to sources speaking to Bloomberg, UBS plans to work with third-party partners rather than offering crypto investments directly within its own structure. Topics such as which assets will be covered, how the investment products will be structured, and which client segments will be targeted are still under consideration. Bank management is currently approaching this process cautiously and emphasizes that no final decision has been made. The Bloomberg report suggests this uncertainty will persist in the short term. This potential move signals a gradual shift in the traditional financial world's approach to cryptocurrencies. In recent years, major banks and asset managers have long viewed crypto as a high-risk and restricted area. However, the approval of spot Bitcoin ETFs, increased institutional demand, and clearer regulatory frameworks have softened this perspective. UBS's work on a model for its private banking clients shows that crypto is now on the radar not only of individual investors but also of high-income and institutional profiles.Tokenization on the agendaDespite this, UBS's priority is still tokenization. The bank sees the representation of traditional financial products such as stocks, bonds, and funds on the blockchain as a more strategic area compared to direct crypto trading. This approach is consistent with the bank's statements to date. UBS CEO Sergio Ermotti has previously emphasized that blockchain technology provides efficiency, cost advantages, and transparency in the banking sector, but has taken a more reserved stance towards crypto assets themselves.According to Ermotti, blockchain offers an infrastructure that increases customer trust and simplifies operational processes. Tokenization enables faster asset transfers, increased opportunities for fractional investment, and shorter settlement times. Therefore, instead of directly expanding its crypto investments, UBS prefers to establish a strong position on the infrastructure side. The crypto products planned to be offered to private banking clients are considered a complementary element of this framework. On the market front, the news has not generated much excitement. The main reason for this is that UBS is pursuing a controlled expansion strategy rather than a "full-throttle" entry into crypto. Nevertheless, from an industry perspective, this step has symbolic importance. A bank of systemic importance on a global scale putting crypto on the table as part of its private banking services could set a precedent for other financial institutions.
Trump's Statements Reversed the Sharp Wave in Cryptocurrency
Cryptocurrency markets experienced sharp fluctuations following Donald Trump's messages in Davos. Bitcoin briefly dropped below $88,000 before recovering to the $90,000 level. This movement was driven by Trump softening his tariff threats against Europe over Greenland. This reversal created a sudden relief in crypto markets, which have become extremely sensitive to macroeconomic developments in recent days.The volatile trend once again demonstrated the impact of Trump's Davos engagements at the World Economic Forum on cryptocurrency prices. At the beginning of the week, harsh tariff rhetoric against Europe and rising global bond yields weakened risk appetite, leading to rapid sell-offs in crypto assets. The sharp sell-offs, particularly in long-term Japanese government bonds, tightened global financial conditions and forced investors to exit risky positions. However, the picture changed during Asian trading. Trump's statement that he would refrain from imposing tariffs on European countries that oppose US control over Greenland softened the market tone. Trump described this statement as "a framework for a future agreement." This statement reinforced the perception that a new trade war is not on the horizon in the short term and triggered a recovery in the crypto markets.Donald Trump's softening of tariff rhetoric eased tensions in cryptoBitcoin quickly recovered, approaching $90,000 after falling to around $87,300 overnight. Despite being positioned as an alternative store of value, Bitcoin continues to react with investors' risk-aversion reflexes during periods of uncertainty. A similar picture was seen in the altcoin market. Ethereum tested below $3,000 in the sell-off, then rose above $3,020, limiting its daily losses. Solana recovered to around $130, while XRP approached the $1.95 level again. Cardano rebounded from weekly lows, heading towards $0.37. Dogecoin also recovered some of its losses around $0.127. The overall picture pointed to a temporary search for equilibrium rather than a strong risk-on rally. The striking aspect of the market was the speed of these movements. Trump's harsh rhetoric triggered sell-offs, while equally rapid messages of conciliation reversed the price trend. Such "whipsaw" movements are becoming increasingly common in this market, where algorithmic and leveraged trading, reacting instantly to macroeconomic events, is gaining prominence. Diplomatic contacts also played a role in this process. Trump announced a "very productive" meeting with NATO Secretary General Mark Rutte and that an agreement had been reached on a framework for the future of Greenland and the Arctic region. Following this announcement, he stated that the planned tariffs on European Union countries would not take effect on February 1st. These messages, of course, also affected traditional markets. US futures indices rose, with the Nasdaq and S&P 500 gaining approximately 1.3 percent during the day. Gold, which approached record levels due to safe-haven demand, gave back some of its gains. In the coming days, investors will closely watch whether the relief stemming from Davos will be permanent. As of writing, the Bitcoin price has fallen to $89,750.
