MicroStrategy just admitted something once considered impossible: under specific crisis conditions, it could sell its 649,870 BTC. In an interview, CEO Phong Le revealed a defined kill-switch that overrides Michael Saylor’s long-standing “never sell” stance.
The trigger requires two conditions: the stock must fall below 1x mNAV, meaning the company is valued at less than its Bitcoin, and capital markets must be closed or too costly to access. With mNAV now near 0.95x and preferred share dividend obligations nearing $800M per year, MicroStrategy faces a structural constraint its equity issuance strategy can no longer easily offset.
Analysts warn the firm now operates like a leveraged Bitcoin ETF that thrives on rising prices but strains under liquidity pressure. This acknowledgement introduces a measurable risk line—0.9x mNAV—that investors will track closely. Any further weakness in BTC or MSTR stock could bring MicroStrategy closer to its first-ever BTC liquidation scenario.
The Fed ends Quantitative Tightening on December 1, freezing its balance sheet at $6.57T after draining $2.39T. Analysts see striking parallels to 2019, when the last QT pause aligned with an altcoin bottom and a surge in Bitcoin. With liquidity returning and rates already cut to 3.75–4.00%, markets are preparing for a potential bullish shift.
Bank reserves sit near $3T and the reverse repo facility has collapsed toward zero, removing a major liquidity buffer. October’s funding stress, including a SOFR spike and an $18.5B repo activation, pushed the Fed to halt runoff.
Crypto analysts note that rising global M2, low BTC dominance, and gold’s breakout mirror past cycle inflection points. QT’s end could inject up to $95B monthly into markets, setting the stage for a mini-altseason or the early phase of a larger cycle.
Crypto markets plunged as Japan’s 10-year bond yield hit its highest level since 2008, triggering global de-risking and one of the biggest liquidation waves in weeks. Over $640M in leveraged positions vanished and more than 217,000 traders were wiped out, showing how quickly risk evaporates when global rates move violently.
The spike signals a potential unwinding of the decades-long yen carry trade, which fueled cheap liquidity worldwide. Rising Japanese yields now threaten to pull capital back home, tightening global markets and pressuring high-beta assets like crypto. Analysts warn that Japan’s shift away from ultra-low rates could reshape global liquidity and force a major repricing across risk assets.
This wasn’t a crypto-specific crash. It was a macro shock. And if JGB yields keep climbing, traders may need to watch Tokyo’s bond market as closely as Bitcoin’s chart.
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Is the bull market really coming to an end? The crypto market is slowing down, but still has fuel for further growth
The beginning of 2025 ignited investors' expectations. Bitcoin surpassed 120,000 USD and for a moment it seemed that nothing would stop the next great wave of the bull market. However, the market – as it is – quickly brought enthusiasts back down to earth. A correction came, and altcoins began to lose 30–50% from their peaks. With the declines, the question returned, which repeats in every cycle: is this the end of the increases, or just a necessary pause before the next impulse? The market is slowing down – but this is not the first time
Correction in the crypto market – how to 'buy dips' wisely
Market corrections can trigger panic, but for many investors, they are a great opportunity. 'Buying dips' sounds like a simple way to increase profits, but in practice, it requires strategy, a cool head, and awareness of risks. In 2025, market volatility in crypto is rising again, so it's worth knowing how to prepare for such moves and how to avoid typical mistakes. What exactly is a 'dip'? A dip is a temporary decrease in the price of an asset. It does not yet indicate a trend reversal, but rather a moment when the market breathes after long increases. Many factors can lead to a dip: weak macro data, leveraged liquidations, market panic, or simply profit taking.
What are privacy coins and why are they growing in 2025?
Privacy cryptocurrencies are returning to the spotlight of investors. It's not just about the growing interest in anonymity. The core of the increases lies deeper — in the rising regulatory pressure, changes on social media platforms, and the increasing commercialization of user data. As a result, many investors are once again looking at projects that offer something that Bitcoin and most altcoins do not provide: true, technical transaction privacy. Why is it worth paying attention to this category in 2025? And which privacy coins stand out the most?
Binance introduces BLIK One-Click. Poles will buy crypto with one tap
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Binance restores leverage in Poland and adds 30,000 USDC
Binance is back in the game in Poland. The world's largest cryptocurrency exchange has once again made trading with leverage and loans in stable cryptocurrencies compliant with MiCA available to Polish users. This change gives investors greater flexibility and new opportunities for portfolio management. Additionally, a local promotion has launched with a pool of 30,000 USDC. Return of margin trading and loans in stable cryptocurrencies Binance has restored the ability to open leveraged positions for Polish users. This feature was previously removed due to new regulations, but the platform has adapted to the MiCA rules. As a result, investors can use leverage without concerns about legal compliance.
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How to complete the KYC verification process on Binance in less than 5 minutes
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