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They release 2,000 bitcoin by sacrificing two rare coins after 13 years part II The dilemma of owning and redeeming these pieces became evident in June 2025, as reported by CriptoNoticias. It was then that the collector John Galt broke the seal of a 100 bitcoin bar. Galt explained on Reddit that it was quite difficult for him to maintain an asset valued at over 1 million dollars, until he finally sold them for an amount exceeding USD 10 million.
His experience exemplifies the psychological pressure faced by pioneering hodlers. To date, more than 10,000 coins have been redeemed, but about 18,000 remain intact, collectively hoarding hundreds of millions of dollars, according to data from the Casascius tracker. For their owners, keeping them sealed is a test of endurance over saving in BTC, as redemption always carries the risk of regret if the price of Bitcoin continues to climb.
His experience exemplifies the psychological pressure faced by pioneering hodlers. To date, more than 10,000 coins have been redeemed, but about 18,000 remain intact, collectively hoarding hundreds of millions of dollars, according to data from the Casascius tracker. For their owners, keeping them sealed is a test of endurance over saving in BTC, as redemption always carries the risk of regret if the price of Bitcoin continues to climb.
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They release 2,000 bitcoins by sacrificing two rare coins after 13 years
Two physical bitcoin coins that had been dormant for over a decade awaken and release 179 million dollars in a single click. Each coin was worth less than 12,000 dollars in 2011-2012 and now moves 1,000 BTC each.
Only 6 coins of 1,000 BTC existed worldwide.
The owner of two rare Casascius coins released 2,000 inactive bitcoins. These physical collectible pieces moved funds currently valued at 179 million dollars. The owner bought them when the pioneering digital currency cost less than 12 dollars. Now, they are worth millions.
Casascius coins are physical collectible pieces created between 2011 and 2013 by Mike Caldwell in the United States. Each one contains a hidden bitcoin private key under an unbreakable hologram; as long as the seal is intact, the bitcoins remain stationary and the coin is worth its digital content plus its rarity as an object. By scraping the hologram, the BTC are revealed, transferred, and the piece becomes simple empty metal. That is why they are known as "bitcoins in the form of real coins". The Casascius coins consumed on December 5, 2025, safeguarded 1,000 bitcoins each. This is one of the scarcest variants: only 6 coins of this specific design were minted. If we add the 16 gold bars of equal denomination, there are only 22 pieces of 1,000 BTC among the nearly 28,000 physical items in the Casascius collection.
Caldwell stopped selling his pieces in November 2013 due to rules from the Financial Crimes Enforcement Network (FinCEN). That agency viewed his work as unlicensed money transmission, forcing him to close the business and turning the existing pieces into instant relics of an irreplaceable era, as they were created during the early history of bitcoin.
Two physical bitcoin coins that had been dormant for over a decade awaken and release 179 million dollars in a single click. Each coin was worth less than 12,000 dollars in 2011-2012 and now moves 1,000 BTC each.
Only 6 coins of 1,000 BTC existed worldwide.
The owner of two rare Casascius coins released 2,000 inactive bitcoins. These physical collectible pieces moved funds currently valued at 179 million dollars. The owner bought them when the pioneering digital currency cost less than 12 dollars. Now, they are worth millions.
Casascius coins are physical collectible pieces created between 2011 and 2013 by Mike Caldwell in the United States. Each one contains a hidden bitcoin private key under an unbreakable hologram; as long as the seal is intact, the bitcoins remain stationary and the coin is worth its digital content plus its rarity as an object. By scraping the hologram, the BTC are revealed, transferred, and the piece becomes simple empty metal. That is why they are known as "bitcoins in the form of real coins". The Casascius coins consumed on December 5, 2025, safeguarded 1,000 bitcoins each. This is one of the scarcest variants: only 6 coins of this specific design were minted. If we add the 16 gold bars of equal denomination, there are only 22 pieces of 1,000 BTC among the nearly 28,000 physical items in the Casascius collection.
Caldwell stopped selling his pieces in November 2013 due to rules from the Financial Crimes Enforcement Network (FinCEN). That agency viewed his work as unlicensed money transmission, forcing him to close the business and turning the existing pieces into instant relics of an irreplaceable era, as they were created during the early history of bitcoin.
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#BTCBreaksATH Bitcoin, the crypto market's flagship asset, is painting a compelling breakout story, decisively conquering two major trading barriers that were standing in the way of a short-term bull run. And with BTC once again breaking price records and firmly above the $112,000 resistance level, what should traders expect next?
First, some context: With the S&P 500 and Nasdaq Composite closing at record highs for the third time in four sessions and gold futures trading at $3,370 an ounce, risk assets across the board are catching a bid as the Federal Reserve maintains its patient stance on monetary policy.
Bitcoin's momentum also coincides with blowout U.S. jobs data, with non-farm payrolls growing 147,000 in June versus forecasts of 110,000. While strong employment data initially sent Bitcoin below $109,000 on rate hike fears, the market quickly absorbed the selling and pushed to new local highs.
Institutional adoption continues as the primary narrative driver. July has already seen Bitcoin ETFs pushing cumulative flows to over $50 billion. This persistent institutional bid provides crucial support during any pullbacks and validates Bitcoin's evolution from speculative asset to portfolio allocation.
Bitcoin Breaks Into New Price Territory: What Happens Next?
Bitcoin has broken out. Can it maintain its bullish momentum? Let's take a look at the charts.
By Jose Antonio Lanz
6 min read
Jul 10, 2025
Bitcoin, the crypto market's flagship asset, is painting a compelling breakout story, decisively conquering two major trading barriers that were standing in the way of a short-term bull run. And with BTC once again breaking price records and firmly above the $112,000 resistance level, what should traders expect next?
First, some context: With the S&P 500 and Nasdaq Composite closing at record highs for the third time in four sessions and gold futures trading at $3,370 an ounce, risk assets across the board are catching a bid as the Federal Reserve maintains its patient stance on monetary policy.
Bitcoin's momentum also coincides with blowout U.S. jobs data, with non-farm payrolls growing 147,000 in June versus forecasts of 110,000. While strong employment data initially sent Bitcoin below $109,000 on rate hike fears, the market quickly absorbed the selling and pushed to new local highs.
Institutional adoption continues as the primary narrative driver. July has already seen Bitcoin ETFs pushing cumulative flows to over $50 billion. This persistent institutional bid provides crucial support during any pullbacks and validates Bitcoin's evolution from speculative asset to portfolio allocation.
The convergence of technical breakouts and institutional accumulation has traders wondering what comes next as Bitcoin has seemingly now crossed the final hurdle on its path into uncharted territory.
Bitcoin charts: Double breakout targets final resistance
Bitcoin's surge to $113K marks new all-time high territory and is a decisive technical breakout from two constraining patterns that have capped price action for weeks.
The 4-hour chart reveals a clean break above a symmetrical triangle formation, while the daily timeframe shows less bullish momentum with smaller movements.
This is expected in this kind of pattern, but such a long candlestick leaves little room for doubt. The breakout confirmation is clear—enough to turn almost all the key indicators to bullish in intraday timeframnes.
First, some context: With the S&P 500 and Nasdaq Composite closing at record highs for the third time in four sessions and gold futures trading at $3,370 an ounce, risk assets across the board are catching a bid as the Federal Reserve maintains its patient stance on monetary policy.
Bitcoin's momentum also coincides with blowout U.S. jobs data, with non-farm payrolls growing 147,000 in June versus forecasts of 110,000. While strong employment data initially sent Bitcoin below $109,000 on rate hike fears, the market quickly absorbed the selling and pushed to new local highs.
Institutional adoption continues as the primary narrative driver. July has already seen Bitcoin ETFs pushing cumulative flows to over $50 billion. This persistent institutional bid provides crucial support during any pullbacks and validates Bitcoin's evolution from speculative asset to portfolio allocation.
Bitcoin Breaks Into New Price Territory: What Happens Next?
Bitcoin has broken out. Can it maintain its bullish momentum? Let's take a look at the charts.
By Jose Antonio Lanz
6 min read
Jul 10, 2025
Bitcoin, the crypto market's flagship asset, is painting a compelling breakout story, decisively conquering two major trading barriers that were standing in the way of a short-term bull run. And with BTC once again breaking price records and firmly above the $112,000 resistance level, what should traders expect next?
First, some context: With the S&P 500 and Nasdaq Composite closing at record highs for the third time in four sessions and gold futures trading at $3,370 an ounce, risk assets across the board are catching a bid as the Federal Reserve maintains its patient stance on monetary policy.
Bitcoin's momentum also coincides with blowout U.S. jobs data, with non-farm payrolls growing 147,000 in June versus forecasts of 110,000. While strong employment data initially sent Bitcoin below $109,000 on rate hike fears, the market quickly absorbed the selling and pushed to new local highs.
Institutional adoption continues as the primary narrative driver. July has already seen Bitcoin ETFs pushing cumulative flows to over $50 billion. This persistent institutional bid provides crucial support during any pullbacks and validates Bitcoin's evolution from speculative asset to portfolio allocation.
The convergence of technical breakouts and institutional accumulation has traders wondering what comes next as Bitcoin has seemingly now crossed the final hurdle on its path into uncharted territory.
Bitcoin charts: Double breakout targets final resistance
Bitcoin's surge to $113K marks new all-time high territory and is a decisive technical breakout from two constraining patterns that have capped price action for weeks.
The 4-hour chart reveals a clean break above a symmetrical triangle formation, while the daily timeframe shows less bullish momentum with smaller movements.
This is expected in this kind of pattern, but such a long candlestick leaves little room for doubt. The breakout confirmation is clear—enough to turn almost all the key indicators to bullish in intraday timeframnes.
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Thus, Latin America is slowly configuring itself as a bitcoiner region, with El Salvador, Venezuela, Argentina, and now Bolivia at the forefront. Moving forward, if they make the right decisions and advance towards an integration of Bitcoin into the economy, in the future we will see how the standard of living in these countries takes a 180-degree turn, flourishing from the abyss.
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Nothing has been said yet about including Bitcoin in the national treasury, but the immediate rescue of the country's international reserves has been prioritized.
Cryptocurrencies have already won in Bolivia
In Bolivia, there is no turning back: Bitcoin and cryptocurrencies have come to stay. It is common in Latin America for the trauma caused by failed institutions to open people's eyes to the weaknesses of centralized money management. It is precisely for this reason that Bolivians adopted cryptocurrencies en masse once the ban was lifted.
It is very likely that Bolivia will follow the path of El Salvador. In fact, since July, both nations have maintained a memorandum of understanding to promote bilateral cooperation and the exchange of knowledge about cryptoassets.
But beyond the potential government backing, Bitcoin is already being adopted from the grassroots out of necessity. Similar to the experience in Venezuela, where the community operated in the shadows and is now experiencing a boom in adoption due to necessity, Bolivians are already familiar with this instrument of freedom, and it is very unlikely that they will let it go. Regardless of what this or future governments do, Bolivians will continue to use bitcoin and cryptocurrencies.
Cryptocurrencies have already won in Bolivia
In Bolivia, there is no turning back: Bitcoin and cryptocurrencies have come to stay. It is common in Latin America for the trauma caused by failed institutions to open people's eyes to the weaknesses of centralized money management. It is precisely for this reason that Bolivians adopted cryptocurrencies en masse once the ban was lifted.
It is very likely that Bolivia will follow the path of El Salvador. In fact, since July, both nations have maintained a memorandum of understanding to promote bilateral cooperation and the exchange of knowledge about cryptoassets.
But beyond the potential government backing, Bitcoin is already being adopted from the grassroots out of necessity. Similar to the experience in Venezuela, where the community operated in the shadows and is now experiencing a boom in adoption due to necessity, Bolivians are already familiar with this instrument of freedom, and it is very unlikely that they will let it go. Regardless of what this or future governments do, Bolivians will continue to use bitcoin and cryptocurrencies.
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A government that supports investment
The elected president, Rodrigo Paz Pereira, began his term on November 8 with a shift towards what he calls 'capitalism for all,' emphasizing economic openness, decentralization, and crisis stabilization.
In less than a month of mandate, his first measures aim to reduce the tax burden by eliminating taxes such as those on large fortunes, gambling taxes, and business promotions. He made a 30% cut in federal spending for the 2026 budget and reduced subsidies on various products. Such tax burden reduction measures are usually attractive to companies and foreign investors. While the ban made it difficult to form companies specialized in the area, there is now a need to create infrastructure and services related to Bitcoin and cryptocurrencies in Bolivia.
Taking the Salvadoran experience as a reference, this means a broad space of opportunity for both local initiatives and foreign investment, which can be attracted by the tax conditions that the new government is promoting.
In terms of cryptocurrencies, the Minister of Economy, José Gabriel Espinoza, stated that 'digital assets will function as legal tender payment instruments within the financial system.' Although there is still no formal regulation regarding this, if it were to occur, it would take the lead left by El Salvador after the pressure from the IMF.
Espinoza assured that Bolivia will integrate cryptocurrencies into the formal banking system, starting with stablecoins, allowing banks to offer digital asset services, including savings accounts, credit cards, and loans.
The elected president, Rodrigo Paz Pereira, began his term on November 8 with a shift towards what he calls 'capitalism for all,' emphasizing economic openness, decentralization, and crisis stabilization.
In less than a month of mandate, his first measures aim to reduce the tax burden by eliminating taxes such as those on large fortunes, gambling taxes, and business promotions. He made a 30% cut in federal spending for the 2026 budget and reduced subsidies on various products. Such tax burden reduction measures are usually attractive to companies and foreign investors. While the ban made it difficult to form companies specialized in the area, there is now a need to create infrastructure and services related to Bitcoin and cryptocurrencies in Bolivia.
Taking the Salvadoran experience as a reference, this means a broad space of opportunity for both local initiatives and foreign investment, which can be attracted by the tax conditions that the new government is promoting.
In terms of cryptocurrencies, the Minister of Economy, José Gabriel Espinoza, stated that 'digital assets will function as legal tender payment instruments within the financial system.' Although there is still no formal regulation regarding this, if it were to occur, it would take the lead left by El Salvador after the pressure from the IMF.
Espinoza assured that Bolivia will integrate cryptocurrencies into the formal banking system, starting with stablecoins, allowing banks to offer digital asset services, including savings accounts, credit cards, and loans.
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The way Bolivians entered cryptocurrencies is as if a dam had burst or a stampede had been unleashed. It is an example of how Parker Lewis, quoting Hemingway, says that mass adoption of Bitcoin will occur: gradually, and then suddenly.
Adoption in Bolivia is not limited to companies and individuals. Even the state oil company Yacimientos Petrolíferos Fiscales Bolivianos began to use cryptocurrencies for fuel imports, due to the shortage of foreign currency that led to a gasoline crisis. In July 2025, the Financial System Supervisory Authority (ASFI) implemented Resolution ASFI 540/2025, the first regulation of the cryptocurrency market in Bolivia. And while there were opposing positions to the regulation, Bolivians felt legal security in the sector for the first time.
Cryptocurrencies have become such a necessity in the country that it had to be addressed and supported by most of the presidential candidates in the recent elections. It was not a partisan issue. As our reporter Marianella Vanci said, Bitcoin was the winner of the elections in Bolivia.
Adoption in Bolivia is not limited to companies and individuals. Even the state oil company Yacimientos Petrolíferos Fiscales Bolivianos began to use cryptocurrencies for fuel imports, due to the shortage of foreign currency that led to a gasoline crisis. In July 2025, the Financial System Supervisory Authority (ASFI) implemented Resolution ASFI 540/2025, the first regulation of the cryptocurrency market in Bolivia. And while there were opposing positions to the regulation, Bolivians felt legal security in the sector for the first time.
Cryptocurrencies have become such a necessity in the country that it had to be addressed and supported by most of the presidential candidates in the recent elections. It was not a partisan issue. As our reporter Marianella Vanci said, Bitcoin was the winner of the elections in Bolivia.
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In August 2024, former president Luis Arce stated that digital platforms had been enabled for payments with stablecoins as a way to alleviate the shortage of foreign currency, with the most important banks in the country offering services.
By September 2024, just a few months after the law was approved, operations with cryptocurrencies grew by 100%, driven mainly by transactions with stablecoins. A year later, by June 2025, the Central Bank would report a 630% increase in the use of cryptocurrencies among Bolivians on Binance. And by the fourth quarter of 2025, Bolivia positions itself as the fourth country with the highest absolute growth in Bitcoin mining.
By September 2024, just a few months after the law was approved, operations with cryptocurrencies grew by 100%, driven mainly by transactions with stablecoins. A year later, by June 2025, the Central Bank would report a 630% increase in the use of cryptocurrencies among Bolivians on Binance. And by the fourth quarter of 2025, Bolivia positions itself as the fourth country with the highest absolute growth in Bitcoin mining.
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From then on, working groups were convened between legislators, regulatory agencies, and community members to create regulations for the sector that would reverse the damage of the ban and take advantage of the benefits of cryptocurrencies.
By June 2024, the Central Bank, together with the Financial System Supervisory Authority and the Financial Investigations Unit, decided to revoke the resolution of 2020 and allow the use of cryptocurrencies, attributing the decision to recommendations from the Latin American FATF, rather than to the efforts of the local community. But Bolivians would still see this as a triumph of their grassroots education efforts.
According to the regulations, banks are allowed to conduct transactions with cryptocurrencies through authorized electronic channels. However, they reiterated that they are not considered legal tender in the country.
The change in perception was such that even the then president of the Central Bank, Edwin Rojas, said that the use of bitcoin and other cryptocurrencies in Bolivia "can be something very useful and practical" for merchants, and that they would begin to offer training. The president of the Private Entrepreneurs Federation of La Paz assured that they would proceed to use cryptoassets.
By June 2024, the Central Bank, together with the Financial System Supervisory Authority and the Financial Investigations Unit, decided to revoke the resolution of 2020 and allow the use of cryptocurrencies, attributing the decision to recommendations from the Latin American FATF, rather than to the efforts of the local community. But Bolivians would still see this as a triumph of their grassroots education efforts.
According to the regulations, banks are allowed to conduct transactions with cryptocurrencies through authorized electronic channels. However, they reiterated that they are not considered legal tender in the country.
The change in perception was such that even the then president of the Central Bank, Edwin Rojas, said that the use of bitcoin and other cryptocurrencies in Bolivia "can be something very useful and practical" for merchants, and that they would begin to offer training. The president of the Private Entrepreneurs Federation of La Paz assured that they would proceed to use cryptoassets.
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In addition, there is strict currency control in Bolivia and an official exchange rate set since November 2011 at 6.9 BOB. And since the country imports most of its products, for which dollars are required, the lack of access to official dollars has forced entrepreneurs to turn to the parallel market dollar. This has exacerbated the loss of purchasing power of Bolivians and led the government to consider joining the global trend of de-dollarization.
According to Jonathan Fortun, an economist at the Institute of International Finance (IIF), the weakening of the Bolivian economy and the decline in export revenues fueled the exchange rate gap with the parallel dollar. This, at the same time, increased the demand for dollars in the country due to economic uncertainty and the perception of a potential devaluation of the boliviano.
This created an exchange rate differential with the blue dollar that even reached 200% in May 2025, when the parallel rate reached 20 BOB per dollar. Today, at 10.2 BOB, the differential has fallen to 48%.
A turning point for cryptocurrencies in Bolivia
This scarcity of dollars was one of the reasons that motivated the favorable shift towards cryptocurrencies in 2023, but without the outreach and education work undertaken by local communities, this idea probably would not have been considered. Even former presidential candidate Jaime Dunn acknowledged that the legalization of cryptocurrencies would be a release valve in the currency crisis.
According to Jonathan Fortun, an economist at the Institute of International Finance (IIF), the weakening of the Bolivian economy and the decline in export revenues fueled the exchange rate gap with the parallel dollar. This, at the same time, increased the demand for dollars in the country due to economic uncertainty and the perception of a potential devaluation of the boliviano.
This created an exchange rate differential with the blue dollar that even reached 200% in May 2025, when the parallel rate reached 20 BOB per dollar. Today, at 10.2 BOB, the differential has fallen to 48%.
A turning point for cryptocurrencies in Bolivia
This scarcity of dollars was one of the reasons that motivated the favorable shift towards cryptocurrencies in 2023, but without the outreach and education work undertaken by local communities, this idea probably would not have been considered. Even former presidential candidate Jaime Dunn acknowledged that the legalization of cryptocurrencies would be a release valve in the currency crisis.
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The dark age of Bitcoin in Bolivia
Bolivia was one of the nine countries in the world that at one point imposed a total ban on Bitcoin. In a resolution from May 2014, Bolivia prohibited the use and trade of crypto assets not issued by the government.
The Central Bank justified this ban by citing cases of affinity scams, which had nothing to do with Bitcoin, but also because they were not issued by States. Both arguments are insufficient to justify a ban, as scams can arise in any area and are not inherent to Bitcoin, and since, as we have demonstrated in past editorials, money is not a state creature but a product of human relationships. Nevertheless, Bolivia ratified its ban on cryptocurrencies in December 2020.
Despite the ban, and even among exclusions of centralized exchanges, Bolivians began to educate themselves and others about cryptocurrencies; they took their first steps on p2p platforms and formed their local community of users. “We will not be stagnant due to the ban,” declared community leaders in 2019, while organizing talks to explain to the public how to take advantage of the benefits of Bitcoin and combat the proliferation of scams.
These community leaders were visionaries of what was coming and how cryptocurrencies would protect Bolivians. The wrong decisions of the planned economy would begin to take a toll on the country, making cryptocurrencies shift from niche to necessity. In a context of inflation and devaluation of the national currency (the boliviano), at a time when Latin American populations tend to turn to the dollar as a safe haven, a severe shortage of the US currency began to strike due to the fall in national reserves.
Bolivia was one of the nine countries in the world that at one point imposed a total ban on Bitcoin. In a resolution from May 2014, Bolivia prohibited the use and trade of crypto assets not issued by the government.
The Central Bank justified this ban by citing cases of affinity scams, which had nothing to do with Bitcoin, but also because they were not issued by States. Both arguments are insufficient to justify a ban, as scams can arise in any area and are not inherent to Bitcoin, and since, as we have demonstrated in past editorials, money is not a state creature but a product of human relationships. Nevertheless, Bolivia ratified its ban on cryptocurrencies in December 2020.
Despite the ban, and even among exclusions of centralized exchanges, Bolivians began to educate themselves and others about cryptocurrencies; they took their first steps on p2p platforms and formed their local community of users. “We will not be stagnant due to the ban,” declared community leaders in 2019, while organizing talks to explain to the public how to take advantage of the benefits of Bitcoin and combat the proliferation of scams.
These community leaders were visionaries of what was coming and how cryptocurrencies would protect Bolivians. The wrong decisions of the planned economy would begin to take a toll on the country, making cryptocurrencies shift from niche to necessity. In a context of inflation and devaluation of the national currency (the boliviano), at a time when Latin American populations tend to turn to the dollar as a safe haven, a severe shortage of the US currency began to strike due to the fall in national reserves.
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The next Bitcoin savior is being born in Bolivia
Economic needs have brought Bolivia to Bitcoin, reaffirming that there is no bad that does not come with good. Bolivia has gone from banning Bitcoin to becoming a leader in regional adoption.
The new government promises to promote the adoption of cryptocurrencies.
Bitcoin flourishes in the abysses. In those inhospitable economies, where the imprint of interventionism fractured currencies and left trauma in institutional trust. Bitcoin flourishes in Latin America, not as a speculative bet, but as a necessity, as a breath of freedom.
Thus, Bitcoin has flourished in Bolivia. After years of repression and fear, today, out of necessity, thanks to the educational efforts of local communities, the South American country shows its potential to become the next El Salvador or Bitcoin country in Latin America.
Economic needs have brought Bolivia to Bitcoin, reaffirming that there is no bad that does not come with good. Bolivia has gone from banning Bitcoin to becoming a leader in regional adoption.
The new government promises to promote the adoption of cryptocurrencies.
Bitcoin flourishes in the abysses. In those inhospitable economies, where the imprint of interventionism fractured currencies and left trauma in institutional trust. Bitcoin flourishes in Latin America, not as a speculative bet, but as a necessity, as a breath of freedom.
Thus, Bitcoin has flourished in Bolivia. After years of repression and fear, today, out of necessity, thanks to the educational efforts of local communities, the South American country shows its potential to become the next El Salvador or Bitcoin country in Latin America.
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Bitcoin failed in adoption and common use in El Salvador, except in Berlin»
The Salvadoran developer Nelson Garay stated that the massive adoption of bitcoin failed in El Salvador, after living 3 days only with BTC in Berlin. Garay criticized the false national advertising compared to the genuine circular economy of the municipality.
An event showcased Berlin as one of the most hyperbitcoinized places on the planet.
The Salvadoran Bitcoin developer, Nelson Garay, asserted that the massive adoption of bitcoin (BTC) in El Salvador has failed among ordinary people, with the notable exception of the citadel Berlin.
The bitcoiner, known as “Ishikawa,” lived three days paying absolutely everything with BTC during the Bitcoin Economy festival on November 22 and 23, 2025. He described the experience as the true circular economy of the country. "I can say that I have experienced what a true circular economy in bitcoin is," he said before assuring that he covered hotel, food, transportation, and tips only using the currency created by Satoshi Nakamoto. For the specialist, the national contrast with bitcoin stumbles. This is because the population sees the digital currency as foreign to their everyday problems.
I take away a very pleasant experience from this place. I like to verify for myself, as I detest false advertising, as unfortunately happens with most things sold about bitcoin in El Salvador. At the country level, Bitcoin has failed in adoption and use among ordinary people. The population has created a bad perception of what BTC is and the problems it can really help them solve.
Nelson “Ishikawa” Garay, Bitcoin developer.
Garay applauds that everything related to bitcoin in Salvadoran territory made way for the emergence of community initiatives like Bitcoin Berlin that now bursts onto the global model. Other bitcoiners agree with Ishikawa's vision, as is evident from the X user Cyberpunk from La Crypta.
The Salvadoran developer Nelson Garay stated that the massive adoption of bitcoin failed in El Salvador, after living 3 days only with BTC in Berlin. Garay criticized the false national advertising compared to the genuine circular economy of the municipality.
An event showcased Berlin as one of the most hyperbitcoinized places on the planet.
The Salvadoran Bitcoin developer, Nelson Garay, asserted that the massive adoption of bitcoin (BTC) in El Salvador has failed among ordinary people, with the notable exception of the citadel Berlin.
The bitcoiner, known as “Ishikawa,” lived three days paying absolutely everything with BTC during the Bitcoin Economy festival on November 22 and 23, 2025. He described the experience as the true circular economy of the country. "I can say that I have experienced what a true circular economy in bitcoin is," he said before assuring that he covered hotel, food, transportation, and tips only using the currency created by Satoshi Nakamoto. For the specialist, the national contrast with bitcoin stumbles. This is because the population sees the digital currency as foreign to their everyday problems.
I take away a very pleasant experience from this place. I like to verify for myself, as I detest false advertising, as unfortunately happens with most things sold about bitcoin in El Salvador. At the country level, Bitcoin has failed in adoption and use among ordinary people. The population has created a bad perception of what BTC is and the problems it can really help them solve.
Nelson “Ishikawa” Garay, Bitcoin developer.
Garay applauds that everything related to bitcoin in Salvadoran territory made way for the emergence of community initiatives like Bitcoin Berlin that now bursts onto the global model. Other bitcoiners agree with Ishikawa's vision, as is evident from the X user Cyberpunk from La Crypta.
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More than 100 cryptocurrency ETFs will be launched in the coming months": James Seyffart
What will be the next cryptocurrencies to say "present" on WallThere are more than 150 cryptocurrency ETF applications submitted to the SEC.
New regulations facilitate the launch of cryptocurrency ETFs.
The digital asset market is on the verge of a significant transformation, marked by the imminent arrival of an avalanche of exchange-traded funds (ETFs). A projection, made by James Seyffart, senior research analyst at Bloomberg Intelligence, suggests that "more than 100 cryptocurrency ETFs will be launched in the coming months".
Seyffart, one of the analysts who highly likely anticipated the approval of bitcoin (BTC) ETFs in January 2024, projects a landscape of accelerated expansion for cryptocurrency-based financial instruments. He also mentions that he has been continuously tracking the existing applications. “I am tracking 150 different products that have been submitted and have not yet been launched”.
The analyst explains that this figure includes a variety of products that go beyond simple spot ETFs. “Some are leveraged products, so I don't know if they count. But we are talking about 35 different assets for a basket product that all those ETFs track. So there are many applications available. Some will be more imminent than others”.
This wave of launches responds to the usual dynamics of the financial sector. “The thing is, as is usual in the ETF industry, they launch and then see what works,” says the expert, highlighting a market strategy where investment firms propose multiple options to gauge investor appetite. The consolidation of cryptocurrencies in the traditional market
Despite the optimism about the number of launches, Seyffart warns of the inevitable consolidation that will follow this rapid expansion. The analyst refers to the debate that arose after the approval of the ETFs
What will be the next cryptocurrencies to say "present" on WallThere are more than 150 cryptocurrency ETF applications submitted to the SEC.
New regulations facilitate the launch of cryptocurrency ETFs.
The digital asset market is on the verge of a significant transformation, marked by the imminent arrival of an avalanche of exchange-traded funds (ETFs). A projection, made by James Seyffart, senior research analyst at Bloomberg Intelligence, suggests that "more than 100 cryptocurrency ETFs will be launched in the coming months".
Seyffart, one of the analysts who highly likely anticipated the approval of bitcoin (BTC) ETFs in January 2024, projects a landscape of accelerated expansion for cryptocurrency-based financial instruments. He also mentions that he has been continuously tracking the existing applications. “I am tracking 150 different products that have been submitted and have not yet been launched”.
The analyst explains that this figure includes a variety of products that go beyond simple spot ETFs. “Some are leveraged products, so I don't know if they count. But we are talking about 35 different assets for a basket product that all those ETFs track. So there are many applications available. Some will be more imminent than others”.
This wave of launches responds to the usual dynamics of the financial sector. “The thing is, as is usual in the ETF industry, they launch and then see what works,” says the expert, highlighting a market strategy where investment firms propose multiple options to gauge investor appetite. The consolidation of cryptocurrencies in the traditional market
Despite the optimism about the number of launches, Seyffart warns of the inevitable consolidation that will follow this rapid expansion. The analyst refers to the debate that arose after the approval of the ETFs
https://www.binance.com/activity/word-of-the-day/G1197763901329125377/shared?shareParam=eyJhY3Rpdml0eUlkIjoiRzExOTc3NjM5MDEzMjkxMjUzNzciLCJuZXdzSWQiOjU0NjE5MDI4MDI0NzIyNzkwMDIsInJvdW5kIjoxLCJ1c2VyS2V5IjoiV1UxMjAwMDUyMjg0ODMzMTgxNjk3In0%3D&utm_medium=web_share_copy
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The worst of the capitulation for bitcoin is behind us now.”
The Risk-Off Signal indicator has collapsed, and that is good news for those longing for a rebound in the price of bitcoin. The selling pressure for bitcoin has significantly decreased.
There is a high probability that bitcoin has reached the bottom of this decline.
The price of bitcoin (BTC), which has dropped from its all-time high of 126,200 dollars to USD 82,000, may be approaching its final stage of capitulation.
The firm Swissblock asserts that the digital asset “has taken its first real step towards forming a bottom.” This is driven by a sharp decline in the Risk-Off Signal metric. That indicator measures the level of risk aversion in the bitcoin market. The Swissblock chart shows how the red zones — periods of high risk and selling pressure — recently gave way to an accelerated decline of the indicator. In previous episodes, this behavior preceded the formation of a bottom, reflected in the blue zone. The firm maintains that a second wave of weaker selling, with the price defending lows, usually signals “seller exhaustion” and a gradual shift of control towards buyers.
“It is possible that the worst of the capitulation is probably behind us, for now,” says this firm.
Analyst JA Maartunn agrees with this diagnosis. He points out that short-term holders sent 62,400 BTC to exchanges at a loss. This comes at a time when exchange-traded funds (ETFs) have accumulated a decline of 4,660 million dollars from their peak.
The Risk-Off Signal indicator has collapsed, and that is good news for those longing for a rebound in the price of bitcoin. The selling pressure for bitcoin has significantly decreased.
There is a high probability that bitcoin has reached the bottom of this decline.
The price of bitcoin (BTC), which has dropped from its all-time high of 126,200 dollars to USD 82,000, may be approaching its final stage of capitulation.
The firm Swissblock asserts that the digital asset “has taken its first real step towards forming a bottom.” This is driven by a sharp decline in the Risk-Off Signal metric. That indicator measures the level of risk aversion in the bitcoin market. The Swissblock chart shows how the red zones — periods of high risk and selling pressure — recently gave way to an accelerated decline of the indicator. In previous episodes, this behavior preceded the formation of a bottom, reflected in the blue zone. The firm maintains that a second wave of weaker selling, with the price defending lows, usually signals “seller exhaustion” and a gradual shift of control towards buyers.
“It is possible that the worst of the capitulation is probably behind us, for now,” says this firm.
Analyst JA Maartunn agrees with this diagnosis. He points out that short-term holders sent 62,400 BTC to exchanges at a loss. This comes at a time when exchange-traded funds (ETFs) have accumulated a decline of 4,660 million dollars from their peak.
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Bitcoin and Strategy teeter on the fine line of fear
Strategy and other treasury companies (DAT) could be reclassified as investment funds, affecting their market reach. The expulsion or permanence of Strategy could be finalized on January 15, 2026.
Michael Saylor stated that his company is neither a fund nor a trust.
Is Microstrategy, now known as Strategy, on the verge of a reclassification that could expel it from the main stock indices? Uncertainty surrounds the company led by Michael Saylor after speculations about its status as a financial entity, a debate that has ignited social media.
The announcement by MSCI on October 10 about an extension of the review of its classification, along with warnings from analysts such as those from JP Morgan, has generated confusion about whether the company, with its massive bet on bitcoin as a productive capital asset, fits within the traditional parameters of an index. In the meantime, Saylor defends his vision of Strategy as an innovative, operationally focused company, far from being a simple fund or trust.
Strategy and other treasury companies (DAT) could be reclassified as investment funds, affecting their market reach. The expulsion or permanence of Strategy could be finalized on January 15, 2026.
Michael Saylor stated that his company is neither a fund nor a trust.
Is Microstrategy, now known as Strategy, on the verge of a reclassification that could expel it from the main stock indices? Uncertainty surrounds the company led by Michael Saylor after speculations about its status as a financial entity, a debate that has ignited social media.
The announcement by MSCI on October 10 about an extension of the review of its classification, along with warnings from analysts such as those from JP Morgan, has generated confusion about whether the company, with its massive bet on bitcoin as a productive capital asset, fits within the traditional parameters of an index. In the meantime, Saylor defends his vision of Strategy as an innovative, operationally focused company, far from being a simple fund or trust.
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Bitcoin is probably entering a bear market.
Bitcoin is around USD 80,000 and for several analysts, the bear market is just around the corner. Specialists warn that BTC has entered 'a delicate phase'.
Whether to buy or sell bitcoin at this price depends on each investor.
Bitcoin (BTC) is going through one of its deepest corrections of the year, having fallen more than 30% from the all-time high of 126,200 dollars reached on October 6. The movement has reactivated fears that a new bear market is forming. This, while technical signals, on-chain, and institutional flow are beginning to align in that direction.
Venezuelan trader and investor Alberto Cárdenas stated to CriptoNoticias that the recent drop 'is a sign of a turning point in the market.' He explained that, since it is a drop of more than 20%, 'we have probably reached the peak or the ceiling in October and now we are heading into a bear market for bitcoin that could extend until the whole year of 2026 or at least until October 2026, according to the 4-year cycle of BTC'.
Cárdenas highlighted that the recent behavior of selling at a loss among short-term investors coincides with typical dynamics that precede bear markets for bitcoin.
'There was a significant liquidation movement, there was a lot of euphoria on the long positions side, many people were liquidated in October and early November. It is something typical of volatility and of those who leverage a lot in these phases,' he pointed out.
He added that this market cleansing, while reducing excessive leverage, also leaves many participants out of demand. 'Generating a negative signal,' he noted.
Bitcoin is around USD 80,000 and for several analysts, the bear market is just around the corner. Specialists warn that BTC has entered 'a delicate phase'.
Whether to buy or sell bitcoin at this price depends on each investor.
Bitcoin (BTC) is going through one of its deepest corrections of the year, having fallen more than 30% from the all-time high of 126,200 dollars reached on October 6. The movement has reactivated fears that a new bear market is forming. This, while technical signals, on-chain, and institutional flow are beginning to align in that direction.
Venezuelan trader and investor Alberto Cárdenas stated to CriptoNoticias that the recent drop 'is a sign of a turning point in the market.' He explained that, since it is a drop of more than 20%, 'we have probably reached the peak or the ceiling in October and now we are heading into a bear market for bitcoin that could extend until the whole year of 2026 or at least until October 2026, according to the 4-year cycle of BTC'.
Cárdenas highlighted that the recent behavior of selling at a loss among short-term investors coincides with typical dynamics that precede bear markets for bitcoin.
'There was a significant liquidation movement, there was a lot of euphoria on the long positions side, many people were liquidated in October and early November. It is something typical of volatility and of those who leverage a lot in these phases,' he pointed out.
He added that this market cleansing, while reducing excessive leverage, also leaves many participants out of demand. 'Generating a negative signal,' he noted.
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An example of this is that between October 22 and November 17, 2025, large whales (investors with more than 10,000 BTC) doubled their reserves, accumulating 41,912 BTC so far. This is shown in the following chart: A sign of confidence in bitcoin
Alemán also highlights the behavior of miners as a sign of market strength. He asserts that, instead of selling, they have increased their reserves.
"Miners are not selling. They now have 2,000 BTC more than a month ago, for more than 1.8 million BTC. This is confidence in the network, confidence that prices are going to rise," he comments.
Indeed, the amount of BTC in miners' reserves has increased compared to October 1. They went from 1,805,173 BTC at that time to 1,806,972 BTC at the time of writing this report. This is shown below: According to Alemán's analysis, in a real crypto winter, Bitcoin miners usually sell part of their holdings, something that is not happening.
The specialist attributes the greater downward pressure to the futures markets, where he observes a strong imbalance. He says that there are many more futures contracts that are in long positions than in short positions. "So, it makes sense to push prices down to produce large liquidations," he warns.
A pullback within a larger trend
In a line similar to Alemán's, Salvadoran analyst Jaime Merino stated that the recent movement does not alter the structure of the long-term trend.
"For me, the fall of bitcoin is not a crypto winter. What we are seeing is a correction within a much larger bullish trend," he affirmed to this medium.
Alemán also highlights the behavior of miners as a sign of market strength. He asserts that, instead of selling, they have increased their reserves.
"Miners are not selling. They now have 2,000 BTC more than a month ago, for more than 1.8 million BTC. This is confidence in the network, confidence that prices are going to rise," he comments.
Indeed, the amount of BTC in miners' reserves has increased compared to October 1. They went from 1,805,173 BTC at that time to 1,806,972 BTC at the time of writing this report. This is shown below: According to Alemán's analysis, in a real crypto winter, Bitcoin miners usually sell part of their holdings, something that is not happening.
The specialist attributes the greater downward pressure to the futures markets, where he observes a strong imbalance. He says that there are many more futures contracts that are in long positions than in short positions. "So, it makes sense to push prices down to produce large liquidations," he warns.
A pullback within a larger trend
In a line similar to Alemán's, Salvadoran analyst Jaime Merino stated that the recent movement does not alter the structure of the long-term trend.
"For me, the fall of bitcoin is not a crypto winter. What we are seeing is a correction within a much larger bullish trend," he affirmed to this medium.
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Bitcoin is experiencing an artificial and forced drop, not a crypto winter.
Analysts agree that bitcoin has not yet entered a long-term bearish cycle. Carmelo Alemán says that bitcoin holders are selling "out of exhaustion."
Jaime Merino projects a rebound towards new highs.
Bitcoin (BTC) is undergoing a deep correction after dropping from the highs of over 126,000 dollars reached just over a month ago, to around USD 90,000.
Despite the sharpness of the drop, several analysts agree that the market has not entered a "crypto winter," but is in a downward movement forced by liquidity and derivatives factors. Spanish researcher Carmelo Alemán points out that the drop in recent weeks does not meet the common patterns of a prolonged bearish cycle.
According to the specialist, the correction "is an artificial drop, a forced drop." He explains that long-term investors —those who accumulate bitcoin for more than 155 days— have increased their sales by 2.81% over the last month. But he insists that this volume is insufficient to generate such a sharp price decline.
In dialogue with CriptoNoticias, Alemán attributes this behavior to accumulated exhaustion among those who have previously profited from the rises: "They are selling, I believe, out of exhaustion, because they already have a profit."
However, he emphasizes that these sales have been taken by large investors. "Whales are absorbing a little less than half of the BTC that is being sold, and the other part is absorbed by groups of 100 to 1,000 bitcoin," he explains.
Analysts agree that bitcoin has not yet entered a long-term bearish cycle. Carmelo Alemán says that bitcoin holders are selling "out of exhaustion."
Jaime Merino projects a rebound towards new highs.
Bitcoin (BTC) is undergoing a deep correction after dropping from the highs of over 126,000 dollars reached just over a month ago, to around USD 90,000.
Despite the sharpness of the drop, several analysts agree that the market has not entered a "crypto winter," but is in a downward movement forced by liquidity and derivatives factors. Spanish researcher Carmelo Alemán points out that the drop in recent weeks does not meet the common patterns of a prolonged bearish cycle.
According to the specialist, the correction "is an artificial drop, a forced drop." He explains that long-term investors —those who accumulate bitcoin for more than 155 days— have increased their sales by 2.81% over the last month. But he insists that this volume is insufficient to generate such a sharp price decline.
In dialogue with CriptoNoticias, Alemán attributes this behavior to accumulated exhaustion among those who have previously profited from the rises: "They are selling, I believe, out of exhaustion, because they already have a profit."
However, he emphasizes that these sales have been taken by large investors. "Whales are absorbing a little less than half of the BTC that is being sold, and the other part is absorbed by groups of 100 to 1,000 bitcoin," he explains.
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