In addition to the normalcy of corrections after runups, we had the unwinding of the unsustainable treasury company fad and Square increasing bitcoin spending.

I haven't seen anything about the volume of new spending at Square terminals, but I did [write about how it might reduce purchasing power](https://stacker.news/items/1017557/r/Undisciplined).

ok, bro. Let's find out. How much sats we betting?

@remindme in 2 months

Ladies and Gentlemen

**Please put your money where your mouth is and Place Your Bets!**

https://beta.predyx.com/market/bitcoin-price-will-be-usd110000-or-above-on-1159pm-january-31-2026-according-to-coinbase-new-zealand-time-1763841090

>Nic is right... nothing_ about it makes sense

Bitcoin has *always* had sizeable corrections after big runs. None of this is mysterious....

>Price goes up 3x
>People take profits
>Price falls
>People who bought at top now harvest tax-losses at year end
>This exhibits further downward pressure

By Jan / Feb I'm willing to bet that price will be back up ~110k. 



freetx

 supposed to be bitcoin's year... but somebody fucked it up (any candidates?)

The crypto market turmoil only intensified this week, with bitcoin shedding more than 10% and over $10,000 in value. In the 24 hours leading up to Friday morning, more than $2 billion worth of leveraged crypto trades were liquidated, pushing bitcoin below $81,000,

Nic is right... nothing_ about it makes sense

This was supposed to be crypto’s year. There was a perfect storm of a crypto-loving White House, Wall Street adoption and friendly legislation that put a close to more than a decade of antagonistic U.S. regulation and prosecutions.

 financial products (ugly BTCTCs and ETFs alike), and end-of-QT, and geopolitical tension, 

 gold shooting up. If this is bitcoin's tragic, disgusting performance when the stars align, I don't want to see it when real-world shit hits the fan (don't see me laughing...

Bitcoin’s recent declines have dragged down the shares of the so-called crypto treasury companies, which sell stock or debt to fund their token acquisitions. Strategy, which pioneered the business model, has seen its market cap more than halved to about $50 billion from a peak of $128 billion in July.

https://archive.md/iVS59

econ

It _was_ supposed to be bitcoin's year... but somebody fucked it up (any candidates?)

![](https://m.stacker.news/118771)

> The crypto market turmoil only intensified this week, with bitcoin shedding more than 10% and over $10,000 in value. In the 24 hours leading up to Friday morning, more than $2 billion worth of leveraged crypto trades were liquidated, pushing bitcoin below $81,000,

Nic is right... nothing_ about it makes sense

![](https://m.stacker.news/118774)

> This was supposed to be crypto’s year. There was a perfect storm of a crypto-loving White House, Wall Street adoption and friendly legislation that put a close to more than a decade of antagonistic U.S. regulation and prosecutions.

...and 4-year cycle, _and_ financial products (ugly BTCTCs and ETFs alike), and end-of-QT, and geopolitical tension, _and_ gold shooting up. If this is bitcoin's tragic, disgusting performance when the stars align, I don't want to see it when real-world shit hits the fan (don't see me laughing...https://stacker.news/items/1288000/r/denlillaapan)

Again, the only [tiny silver lining is the death of the treasury companies](https://x.com/joakimbook/status/1986783063955701928)
> Bitcoin’s recent declines have dragged down the shares of the so-called crypto treasury companies, which sell stock or debt to fund their token acquisitions. Strategy, which pioneered the business model, has seen its market cap more than halved to about $50 billion from a peak of $128 billion in July. 


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archive: https://archive.md/iVS59