Bernstein Calls Bitcoin Sell-Off Weakest Bear Case on Record
Bernstein analysts maintained a $150,000 Bitcoin target for 2026, arguing the recent sell-off reflects a confidence shock rather than structural market stress.
Bitcoin dominance is a metric that measures Bitcoin’s market capitalization as a percentage of the total cryptocurrency market capitalization. It shows how much of the overall crypto market value is represented by Bitcoin compared to other digital assets. Changes in bitcoin dominance can reflect shifts in investor sentiment between Bitcoin and alternative cryptocurrencies. An increase often suggests capital flowing into Bitcoin, while a decrease may indicate growing interest in altcoins. This metric is commonly used to analyze market cycles and trends.
Bernstein analysts maintained a $150,000 Bitcoin target for 2026, arguing the recent sell-off reflects a confidence shock rather than structural market stress.
Michael Saylor’s Strategy added $90 million in Bitcoin as prices traded below the company’s average acquisition cost, reinforcing its long-term accumulation approach amid market volatility.
Bhutan transferred another $22 million in Bitcoin to a market maker as declining prices and rising mining costs pressure its state-backed crypto strategy.
The Coinbase Premium has dropped to its lowest level since late 2024, signaling weakening institutional demand for Bitcoin amid broader market stress and ETF outflows.
GameStop moved its entire Bitcoin position to an institutional exchange as CEO Ryan Cohen signaled that acquisitions now outweigh crypto on the company’s balance sheet.
Sheikh Tahnoon’s investment in World Liberty Financial ties the USD1 stablecoin to a $2 billion Binance deal, raising scrutiny amid US AI export policy shifts.
Bitcoin fell to its lowest level since April 2025 as a cross-asset sell-off impacted cryptocurrencies, commodities, and equities, signaling heightened risk-off sentiment.
Bitcoin fell out of the top ten global assets by market capitalization following a price decline, placing it below Saudi Aramco and several large technology firms.
A sharp rebound in oil prices is introducing new inflation risks, potentially complicating expectations for near-term rate cuts and adding headwinds for Bitcoin.
A South Dakota legislator has reintroduced a bill that would allow the state to allocate up to 10% of certain public funds to Bitcoin, reflecting a broader push among US states to explore digital asset reserves.