源聚合
Рауль Пал назвал причину падения биткоин-рынка
Ки Янг Джу составил прогноз курса биткоина на ближайшее время
Основателя крупнейшей российской компании-майнера Bitriver отправили под арест
With Bitcoin Below $80K, ARK Reframes The Narrative Around Gold
Bitcoin slid again, and big-name bulls are talking. According to ARK Invest’s team, the pullback after a rapid run is part of a wider picture that mixes gold, money supply measures, and investor flow. Markets are messy now. That does not mean long-term stories are dead.
Cathie Wood’s Long ViewBased on reports, Cathie Wood has kept a public, steady bet on crypto for years, buying assets and shares in firms tied to digital tokens when prices were far lower. Her company took early positions in exchange operators and fintech companies that provide crypto access.
Reports note ARK’s valuation work and scenarios that place Bitcoin far above current prices by 2030 under certain adoption assumptions. Those forecasts are not promises. They are models with many moving parts.
Also important to note is that the correlation between the bitcoin and gold prices has been 0.14 since early 2020, and that the gold price led the last two significant bull moves in the bitcoin price in the last two major cycles. https://t.co/kxZEHhbBVJ
— Cathie Wood (@CathieDWood) January 31, 2026
Gold And The Debasement TradeReports say ARK’s research director compared gold’s market value to the US M2 money supply and found readings at a level not seen since the 1930s and around the same era as 1980.
That kind of extreme has historically preceded a big reversal in gold’s price. Some traders remember a 60% drop after the 1980 peak. Those are facts that deserve a second look. They do not translate directly into a prediction for Bitcoin, though.
Bitcoin and gold do not always move together. Based on reports, the historic correlation has been low — about 0.14 since early 2020. That number means daily price moves rarely sync up.
Yet, in past major rallies, gold’s gains were followed by a strong leg for Bitcoin. This time, the sequence stalled. Precious metals spiked and then pulled back sharply, but capital did not flow into crypto the way some expected. That raises questions about who is moving money and why.
Market Moves And What To Watch NextBitcoin fell to $78,150 at the time this report was made. The top crypto asset hit a level many traders watch closely after a flash crash last October. It is now more than 35% under the peak it reached on Oct. 6, 2025, and volatility is high.
Different Roles, Different Clocks: ARK’s View On Bitcoin And GoldOverall, ARK’s stance remains consistent. Reports show the firm still views Bitcoin as a long-term asset tied to adoption and network growth, even during sharp drawdowns.
Gold, in contrast, is being watched for signs of exhaustion after an extreme run tied to money supply fears. In ARK’s view, the two assets play different roles, move on different clocks, and should not be judged by short-term price action alone.
Featured image from Unsplash, chart from TradingView
Фридрих Мерц призвал побыстрее запустить цифровой евро
Bitcoin’s $2.5B Liquidation Shock Puts Michael Saylor’s Strategy Under The Microscope
Bitcoin’s sudden break below $80,000 in the past 24 hours has led to one of the most violent liquidation events in crypto history. Traders digest the fallout from this crash, but there is much attention on large institutional holders, particularly Michael Saylor’s Strategy, whose massive Bitcoin position is now trading uncomfortably close to its average acquisition cost.
Why This Bitcoin Crash Turned Brutal So QuicklyThe entire crypto industry is currently witnessing one of its most brutal crashes in history, led by Bitcoin and Ethereum. Notably, about $2.51 billion in leveraged positions were wiped out in a single session, placing this event among the 10 largest liquidation cascades the crypto market has ever recorded. For context, the Covid-era crash liquidated about $1.2 billion and the FTX collapse led to around $1.6 billion in liquidations.
Crypto Liquidation History. Source: @AshCrypto On X
According to Arkham Intelligence, large entities aggressively moved Bitcoin onto exchanges in the hours surrounding the crash. Kraken alone dumped about 17,030 BTC into the market, Binance followed with about 12,147 BTC, and Coinbase added another 9,093 BTC. Wintermute, a major market maker, dumped 3,491 BTC, while wallets labeled as Trump Insider and Bybit dumped 2,543 BTC and 2,471 BTC, respectively.
Together, these transfers contributed to a streak of liquidations as positions that saw Bitcoin lose the $80,000 price level without much resistance.
Bitcoin’s Notable Outflows. Source: Arkham Intelligence
Strategy’s Bitcoin Chest And Where It Stands NowAs one of the largest corporate holders of Bitcoin, Strategy has felt the impact of the recent crash more directly than most, leaving its Bitcoin position hovering just above loss territory.
The company currently holds 712,647 BTC, valued at $55.72 billion based on current price levels. Those holdings were accumulated at an average price of $76,037 per Bitcoin, putting Strategy only about 1.8% above breakeven following the sell-off.
The margin for error has narrowed massively, but the holdings are still technically in profit for now. To put this in context, Strategy’s stash was worth about $81 billion when Bitcoin peaked around $126,000, despite the company holding about 70,000 fewer BTC at the time.
It has now been 2,000 days since Strategy formally adopted the Bitcoin Standard. That decision has progressively connected the company’s financial performance to Bitcoin’s price action.
At the time of writing, Bitcoin is trading around $78,500. A further decline of 3% from current levels would be enough to push Strategy’s Bitcoin position into the red on paper and change the narrative from unrealized gains to unrealized losses. In that scenario, the company may soon find itself defending its Bitcoin strategy in a bearish environment.
Featured image from Unsplash, chart from TradingView
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