Bitcoin’s realized profit and loss ratio has fallen to a 43-month low of -0.35, a figure that signals extreme market-wide loss conditions but has historically coincided with market bottoms, blockchain analytics platform CryptoQuant said.The Bitcoin realized P&L ratio — which measures the net percentage of Bitcoin (BTC) in profit or loss relative to total supply — hasn’t fallen this low since December 2022, shortly after FTX shockingly collapsed and sent Bitcoin below $16,000.“Historically the indicator has marked BTC bottoms with extreme precision,” CryptoQuant said on Thursday. In 2015 and 2019, the Bitcoin realized P&L ratio also fell below -0.35 before price rallies followed. Change in Bitcoin’s P/L ratio since 2012. The data was taken when Bitcoin was trading at $59,000. Source: CryptoQuantThe data could lift market sentiment, which has repeatedly fallen to near-record lows during the course of Bitcoin’s latest 50% drawdown from $126,080, set in October. Market sentiment has risen cautiously over the last 10 days, with Bitcoin up more than 7% since tanking to a near two-year low of $58,190 on June 25.Many analysts blamed that drop on Strategy — the largest corporate Bitcoin holder — after its top perpetual preferred stock offering, Stretch (STRC), broke from its $100 par value to below $75, raising fears that its dividend model was unsustainable.Related: Crypto Biz: Bitcoin maximalism meets the realities of capital markets On Thursday, Bitwise chief investment officer Matt Hougan said the STRC incident squeezed out excess leverage and likely moved the market one step closer to a bottom.“As the market continues to sort things out, I’m convinced the bottom is closer than ever — and that we will enter a new bull market in the fall.”Don’t wait for the bottom, analyst saysSwan Bitcoin analyst Adam Livingston noted that Bitcoin is currently trading only 16% above the realized price — the network’s aggregate on-chain cost basis — a level that has historically coincided with strong forward returns of 41% at six months and 81% at 12 months.Livingston acknowledged that buying Bitcoin right now “feels awful,” but that’s precisely why it’s trading at a discount, he argued.“Waiting for ‘the bottom’ is a wonderful plan with one flaw. The bottom never announces itself,” Livingston said, recommending investors buy now rather than overpay at the top.Magazine: Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
In a Brazilian Congress hearing, Fábio Araújo, consultant for the Financial System Regulation Department (Denor), stressed that, unlike other crypto assets, stablecoins have specific traits that would be better regulated if they were classified as monetary instruments instead of as digital assets. Central Bank of Brazil pushes for electronic money regulation for stablecoins The debate […]
Stablecoins’ reliance on central banks highlights potential risks to monetary sovereignty and traditional banking, urging a unified regulatory approach. The post Bank for International Settlements argues stablecoins need central bank support to function appeared first on Crypto Briefing.
Today in crypto, a major US law enforcement group said it no longer opposes the CLARITY Act, US President Donald Trump defended earning $1.4 billion from crypto ventures while in office and US spot Bitcoin ETFs posted their strongest day of inflows since May.US law enforcement group drops opposition to CLARITY Act: ReportThe Major County Sheriffs of America reportedly said it no longer opposes the CLARITY Act after initially raising concerns over how the bill would affect illicit finance investigations.In a letter to US Senate Banking Committee chair Tim Scott and Senator Elizabeth Warren on Friday, the MCSA said it shifted its stance on the CLARITY Act to “neutral” after some of its concerns in a May 14 letter regarding Section 604 in the bill were addressed.Section 604 relates to the Blockchain Regulatory Certainty Act, which seeks to protect developers from liability for illicit activity committed by users on their decentralized platforms. The MCSA previously contended that Section 604 could create a loophole for criminals to exploit, making it tougher for law enforcement to investigate crypto-related crimes.Source: Eleanor TerrettWhile the CLARITY Act has bipartisan support, its passage through the Senate has largely been stalled by banking groups seeking to restrict stablecoin yield, which they argue functions like an unregulated deposit product that could drive trillions of dollars in outflows from the traditional banking system. The bill has been awaiting a full Senate vote since May, when the Senate Banking Committee passed the bill mostly along party lines.Senators in favor of the bill are pushing for a full Senate vote this month, in hopes that it can be passed and signed into law before the US midterm elections in November.Trump defends $1.4 billion crypto windfallUS President Donald Trump defended earning roughly $1.4 billion from crypto ventures while in office, saying there was “nothing wrong” with the profits after his latest financial disclosure reignited conflict-of-interest concerns.The filing shows crypto accounted for the majority of Trump’s more than $2 billion in reported 2025 income, with hundreds of millions of dollars coming from his TRUMP memecoin, World Liberty Financial and a stablecoin venture. The disclosures come as Congress debates major crypto legislation, including the CLARITY Act, prompting renewed criticism that the president could personally benefit from policies shaping the industry. Trump dismissed those concerns, insisting others manage his investments and that he is not directly involved in the decisions. The episode highlights how closely politics and crypto have become intertwined, with digital asset companies reportedly pouring roughly $189 million into the 2026 election cycle to influence regulation.Trump interviews CNBC’s Joe Kernen. Source: CNBCUS spot Bitcoin ETFs top $200M in daily inflows for first time since MayUS-listed spot Bitcoin exchange-traded funds (ETFs) recorded their first daily net inflow above $200 million since early May, snapping weeks of sustained withdrawals.The funds attracted $221.7 million in net inflows on Thursday, according to SoSoValue data, ending a 10-day streak of net outflows that totaled more than $2.7 billion.The rebound follows one of the weakest stretches for US spot Bitcoin ETFs this year, with the funds posting a record $4.5 billion in net outflows in June.Daily flows in US-listed spot Bitcoin ETFs. Source: SoSoValueThe inflows came as Bitcoin reclaimed the $61,000 level after briefly falling below $59,000, with some investors, including Bitwise chief investment officer Matt Hougan, suggesting the market could be nearing a bottom. Crypto market sentiment on Friday was measured at an “extreme fear” reading by the Fear & Greed Index from Alternative.me.
The EU’s crypto sanctions highlight a shift in financial warfare, potentially reshaping global digital asset compliance and security norms. The post Russia claims full control of Luhansk as EU sanctions target crypto networks tied to the war appeared first on Crypto Briefing.
The contested control in Eastern Ukraine could escalate tensions, affecting geopolitical stability and influencing global market perceptions. The post Russia claims control over Donetsk logistics hub, Luhansk region amid Kyiv attack appeared first on Crypto Briefing.
Lookonchain recently shared a significant update regarding Bitcoin and Ethereum ETFs, revealing critical net flow data. The data highlights a substantial outflow in Bitcoin ETFs, signaling a potential shift in market dynamics. For more details, refer to Lookonchain’s official tweet here. The Story So Far The crypto market just witnessed a sharp move as Lookonchain […]
Could Bitcoin’s network activity signal a larger trend? BlackRock has reported net outflows of Bitcoin for ten consecutive trading days, totaling 35,980 BTC worth approximately $2.24 billion. This trend highlights a potential shift in institutional investment strategies, as outlined in a recent tweet by Lookonchain. What Went Down The cryptocurrency market is currently observing mixed […]
Ethereum aims to establish itself as the foundational infrastructure for the contemporary art market, as suggested in a widely shared post by @eli_schein. This initiative signals an important development for Ethereum, especially with the launch of Ethlabs, a nonprofit driven by former Ethereum Foundation researchers. Their goal is to enhance the utility of Ethereum within […]
Micron’s expansion in Japan signals a strategic shift in global semiconductor manufacturing, potentially reshaping AI chip market dynamics. The post Micron breaks ground on ¥1.5T factory expansion in Japan to chase AI chip demand appeared first on Crypto Briefing.
