CryptoRegime

April 09, 2025
Michael Saylor’s company, Strategy, known for its massive Bitcoin holdings, may be forced to sell some of its cryptocurrency stash to meet looming financial commitments.
According to a SEC filing dated April 7, Strategy warned that unless it secures timely financing—whether through equity or debt—it might have no choice but to liquidate part of its Bitcoin portfolio. The firm’s financial stability is closely tied to Bitcoin’s market value, as the majority of its assets are in BTC.
For the first quarter of 2025, Strategy anticipates an unrealized loss of nearly $6 billion, despite benefiting from a $1.69 billion tax break. The company is burdened with approximately $8 billion in debt, plus annual obligations of $35 million in interest and $150 million in dividends. Its core software business hasn't generated enough revenue to cover these costs.
As of March 31, Saylor revealed on X, that Strategy holds 528,185 BTC, purchased at an average price of $67,458—totaling over $35 billion. If the firm fails to raise new capital, it might be forced to sell at a loss.
While the possibility of a Bitcoin sale has raised concerns, crypto outlet Wu Blockchain noted that similar risk disclosures have appeared in previous filings, suggesting this may not be an immediate red flag.
In an effort to shore up liquidity, Strategy announced on March 10 a plan to raise $2.1 billion by issuing perpetual preferred stock. The proceeds will be used to support operations and potentially acquire more Bitcoin. These preferred shares come with an 8% dividend, allowing Strategy to raise funds without taking on more traditional debt.
Nonetheless, the company’s fate remains tightly linked to Bitcoin’s performance—even if the capital raise is successful.
At press time, Bitcoin is trading around $76,000, down 10% over the past week. The dip follows negative market sentiment fueled by new tariffs introduced by former President Trump. However, some analysts remain bullish. Bitmex Co-founder Arthur Hayes predicted in an April 8 interview with Unfolded that Bitcoin could soar to $110,000 or beyond in the coming months.
Hayes argued that as central banks globally begin to cut interest rates, a surge in liquidity will likely follow—boosting the value of deflationary assets like Bitcoin.

$BTC

Bitcoin is climbing toward $80K as it continues its recovery from yesterday's 5-month low of $74.4K. However, despite this upward momentum, the ongoing uncertainty surrounding Trump’s trade tariffs has left market sentiment cautious.
Yesterday’s Chaos, Today’s Calm
Yesterday’s trading was marked by volatility, with risk assets experiencing dramatic swings due to mixed signals from the White House. Today, the mood has shifted to a more stable outlook, fueled by hopes that President Trump might be open to negotiations.
A Weaker Yuan Could Benefit Bitcoin
Trump has taken a firm stance against China, threatening a further 50% tariff should Beijing retaliate, while China has vowed to continue its resistance. In response, the People’s Bank of China (PBoC) allowed the yuan to weaken past the critical 7.20 per dollar level, marking the first time since Trump took office that the currency has dropped below this threshold. This move is viewed by investors as a potential shift towards managed depreciation, which could make China’s exports more competitive and partially offset the impact of US tariffs on Chinese goods.
The slight weakening of the yuan is helping improve risk sentiment, potentially benefiting Bitcoin. This could encourage Chinese capital to flow into Bitcoin, as it did in 2015, when a similar move saw Bitcoin surge in value.
On August 11, 2015, China devalued the yuan by 1.9%, the largest single-day depreciation in over two decades. Bitcoin initially fell 20% alongside US stocks but quickly rebounded, surging 60% over the next four months. Ben Zhou, CEO of the Bybit crypto exchange, has noted that a weakening yuan typically bodes well for Bitcoin. However, it’s important to consider that Beijing has become increasingly anti-crypto in recent years, which may make it harder for investors to diversify into digital currencies.

Is Trump Ready to Negotiate?
There is growing optimism following news that US Secretary Scott Bessant is leading a team of negotiators in Japan, which suggests the Trump administration could be open to discussions. The Nikkei, which had fallen 8% yesterday, rebounded by 6% today. Other risk assets, such as US futures and European stocks, also saw positive movement.

While Bitcoin and other risk assets are seeing a bounce today, the broader outlook remains uncertain. For a sustainable recovery, Trump would need to ease some of the tariffs, or central banks would have to step in to provide economic support. While the PBoC is taking action, the Federal Reserve remains hesitant to intervene at this stage, as US jobs data remains strong and inflation is still above target.
Bitcoin Technical Analysis
Weekly Chart: Bitcoin is holding above the 50-week moving average (SMA) at $76.8K, a key level of support that, if broken, could signal a bear market.

Daily Chart: Bitcoin is trading below a falling trendline from early January. The 50 SMA is crossing below the 200 SMA, forming a "death cross" that suggests near-term weakness. Sellers will need to break through $78K and $74.4K (the 2025 low) to confirm a bearish move toward $70K.

If support around the $77K-$80K level holds, buyers will need to push past the 200 SMA at $86.7K to gain momentum toward $90K.

$BTC

Binance, one of the largest cryptocurrency exchanges in the world, has a rigorous process for listing new cryptocurrencies. The decision to list a coin like Pi Network's Pi Coin involves several technical, regulatory, and strategic factors. Below is a detailed analysis of why Binance might not have listed Pi Coin yet, along with the technical factors and future prospects of such a listing.
Recent Mainnet MigrationAlthough Pi Coin successfully migrated to its mainnet and listed on OKX on February 20, 2025, Binance may still be evaluating the stability and performance of the Pi Network blockchain. Exchanges like Binance often wait to ensure that a newly launched mainnet is secure, scalable, and free from critical issues before listing the coin.Limited Trading History on OKXWhile Pi Coin has been listed on OKX, it may still have a limited trading history and liquidity. Binance typically prefers to list coins with a proven track record of trading activity and sufficient liquidity to meet the demands of its large user base.Regulatory and Compliance ReviewBinance operates under strict regulatory scrutiny and must ensure that Pi Coin complies with global regulations, including anti-money laundering (AML) and know-your-customer (KYC) requirements. The exchange may still be conducting its due diligence to ensure Pi Coin meets these standards.Competition and Strategic FitBinance may prioritize listing coins that align with its strategic goals, such as supporting DeFi, NFTs, or Layer 1 blockchains. While Pi Coin has migrated to its mainnet, Binance may be assessing whether it fits into its broader ecosystem and long-term strategy.Market Demand and Community SupportAlthough Pi Coin has a large and active community, more than 80% of public voting favoring the listing PI coin, Binance may be waiting to see if the demand for Pi Coin on OKX translates into broader market interest. The exchange often lists coins that demonstrate significant user demand and trading volume.
Technical Factors for Future Listing on Binance
For Pi Coin to be listed on Binance in the future, the following technical and operational factors must be considered:
Mainnet Stability and PerformancePi Network must demonstrate that its mainnet stability, security, and capable of handling high transaction volumes. Binance will closely monitor the network’s performance to ensure it meets the exchange’s technical standards.Wallet IntegrationPi Coin must have compatible wallets that allow users to store, send, and receive the coin. Binance requires seamless integration with its exchange wallets to facilitate smooth trading.Network Security and ScalabilityThe Pi Network must continue to enhance its security measures and scalability to handle the demands of Binance’s large user base. This includes ensuring robust consensus mechanisms and protection against potential attacks.Smart Contract Functionality (if applicable)If Pi Coin plans to support smart contracts or DeFi applications, it must provide the necessary technical infrastructure to enable these features. Binance may prioritize listing coins with advanced functionality and use cases.Regulatory CompliancePi Network must ensure that Pi Coin complies with global regulations, including AML and KYC requirements. Binance will conduct a thorough review to ensure the coin meets these standards before listing.
Future Prospects of Pi Coin Listing on Binance
Post-Mainnet PerformanceAs Pi Coin continues to demonstrate stability and performance on its mainnet, Binance may consider listing it to capitalize on its growing popularity and user base.Increased Trading Activity on OKXIf Pi Coin performs well on OKX and establishes significant liquidity, Binance may take notice and consider listing it to meet user demand.Community Support and AdoptionPi Network’s large and active community could drive demand for Pi Coin on Binance. If the community demonstrates strong interest in trading Pi Coin, Binance may respond by listing it.Strategic Partnerships and Ecosystem GrowthIf Pi Network forms strategic partnerships or integrates with other blockchain projects, it could increase the likelihood of a Binance listing. Binance often lists coins that contribute to the broader blockchain ecosystem.Regulatory ClarityAs regulatory frameworks for cryptocurrencies evolve, Pi Coin’s compliance with these regulations will play a key role in its listing on Binance. Clear and favorable regulatory conditions could expedite the listing process.
While Pi Coin has successfully migrated to its mainnet on February 20, 2025, and has been listed on OKX, Binance may still be evaluating its technical stability, regulatory compliance, and market demand before listing it. The recent mainnet migration and OKX listing are positive steps, but Binance often takes a cautious approach to ensure that new listings meet its high standards.
If Pi Coin continues to demonstrate strong performance, community support, and regulatory compliance, the prospects of a Binance listing could significantly improve in the future. Pi Coin holders and enthusiasts should keep an eye on the network’s development and market performance, as these factors will be critical in determining its future on major exchanges like Binance.
#pi #PiNetwork

Bitcoin and other cryptocurrencies were little changed Tuesday, struggling at relatively depressed levels after weeks of weakness amid signs of profit-taking across digital assets and few immediate catalysts to prop up prices.
The price of Bitcoin has fallen 1% over the past 24 hours to $61,700, remaining far below its 50-day moving average near $67,000 — a sign of technical market weakness. Bitcoin notched its fourth straight week of declines last Friday, with prices languishing since mid-March, when the largest digital asset hit a record high near $74,000 amid a wave of investor demand from new spot Bitcoin exchange-traded funds (ETFs).
"The recent downtrend can be attributed to increased profit-taking by investors who entered the market during the downturns of 2022 and 2023, as well as ETF investors who witnessed significant price appreciation on their shares after entering the market in the early weeks of 2024," said Matteo Greco, an analyst at digital asset investment group Fineqia International.
Indeed, while spot Bitcoin ETFs — approved by U.S. regulators in January — have been a driving force behind Bitcoin's gain of almost 50% this year, these funds also look responsible for the recent stagnation. Bitcoin ETFs have seen a short-term trend of waning demand and outflows, Greco noted, in addition to a significant fall in trading activity for the ETF shares themselves.
That said, crypto bulls remain optimistic that Bitcoin has more room to run, at least in the medium term, as a result of the so-called halving event that took place two weeks ago. This once-in-four-years change to Bitcoin's programmatic monetary policy cut issuance of tokens in half, restricting new supply and promising to boost prices as long as demand holds at least relatively steady.
"The current market trends are consistent with historical cycles, as the recent halving event has led to short-term downward price movements, a pattern observed in previous occurrences," said Greco. "Following this, there is typically a 9--12-month period of upward momentum, leading to the peak of the market cycle. If history repeats itself, we may see the current market cycle reaching its peak between Q4 2024 and the first half of 2025."
More immediately, cryptos are likely to move amid catalysts that could shift the S&P 500 and stock market this week, namely a barrage of corporate earnings, a decision on interest rates from the Federal Reserve, and economic data including the U.S. jobs report for April on Friday.
Beyond Bitcoin, Ether — the second-largest crypto by market cap — lost 4% to $3,050. Smaller tokens exhibited more of the same, with Solana sliding 4% and Ripple retreating 1%. Memecoins were more mixed, with Dogecoin down 1% and Shiba Inu advancing 1%.

#Megadrop #LatestNews $BTC $ETH