
Bitcoin’s first institutional bear market is starting to take shape and draining liquidity
Bitcoin’s institutional bear market is unfolding through ETF redemptions and treasury-company sales.
Read bear market crypto news and analysis, including downturn signals, investor sentiment, capitulation events, and recovery outlooks.

The signed offers equal 31.8% of wallet IOUs only in gross arithmetic, before estate boundaries, liens and bankruptcy costs.

BitMEX’s orderly shutdown captures a bear market shaped by centralized decline and persistent on-chain exploit risk.

The $11.7 million convert vanished, leaving a simpler capital stack and a tougher test for replacement funding.

BTC PREF is expected to begin trading July 20, with any discount to SEK 120 lifting the indicated cash yield above 10%.

Rare bottom-zone readings are drawing attention, but low hashprice will decide which operators can keep hashing.

The industry is shifting from scrappy startups toward institutional consolidation.



