Bitcoin price suppression stems from the lack of a fully formed, non-rehypothecating credit system, forcing investors into shadow banking where collateral is repeatedly sold. Michael Saylor highlights this structural limitation as a primary barrier to higher valuations, noting that traditional banking exclusion prevents efficient leverage. Meanwhile, the U.S. government’s strategic Bitcoin reserve remains stagnant one year after its executive order, with holdings valued at $22 billion and no active accumulation plan. Bitcoin has simultaneously emerged as a geopolitical tool in the global energy war, with nations leveraging excess electricity for mining to secure hash power. Despite these macro pressures, stablecoin inflows have rebounded by $1.7 billion, signaling renewed market activity. Technical analysis suggests a potential support test at the $65,000 level as the market navigates these complex regulatory and energy-driven dynamics.
Sign in to continue reading, translating and more.
Continue
