Bitcoin Data Strong Amid Selling And Yield Fears
Despite a zero ByteTrend score, theBitcoinnetwork’s weekly on-chain transaction value is $13. 5 billion, five times 2022 levels. ByteTreesold its blockchain equity holdings in Q2 for value stocks likeBerkshire. . .
Despite a zero ByteTrend score, theBitcoinnetwork’s weekly on-chain transaction value is $13. 5 billion, five times 2022 levels. ByteTreesold its blockchain equity holdings in Q2 for value stocks likeBerkshire Hathaway, with its founder calling the AI-driven semiconductor surge a bubble. The firm linksBitcoin‘s slump to rising real yields, a pattern seen in its 2018 and 2022 bear markets. On-chain fundamentals remain strong, with daily trade volumes over $35 billion competing with major tech stocks. In its second-quarter investorletter publishedon Sunday, research firmByteTreedetailed a major portfolio shift and a cautious outlook on crypto and tech markets. Founder Charlie Morris stated the AI-driven semiconductor surge, which added $10 trillion in market cap last year, is reminiscent of 1999 and“a matter of time before the bubble bursts. ”- Advertisement -Consequently, the firm’s Whisky portfolio sold all its blockchain equities in Q2 to buyBerkshire Hathawayand other value names. ByteTreepositionsBitcoinalongsideGoldas a hard asset that outperforms during inflation, unlike shares and bonds. However,Bitcoinfaces significant macroeconomic headwinds. The firm claims its current slump is driven by higher real yields, mirroring the environment during its 73. 8% drop in 2018 and 64. 3% plunge in 2022. Bitcoin‘s ByteTrend score is now at zero with its price below the 200-week moving average. Morris and analyst Shehriyar Ali wrote,“The current Bitcoin bear is long in the tooth, and the best news I can deliver is that real rates won’t rise forever. ”Meanwhile, the underlying network strength contradicts the bleak price action. Weekly on-chain transaction value stands at $13. 5 billion, which is five times higher than 2022 levels. - Advertisement -Furthermore, daily trade volumes exceed $35 billion, competing with giants likeNVIDIA. Despite the downturn,Bitcoinhas provided a 42% internal rate of return on a trend basis since 2017, outperforming the Magnificent Seven tech stocks. ✅ FollowBITNEWSBOTonTelegram,Facebook,LinkedIn,X. com, andGoogle Newsfor instant updates. Previous Articles:Ohio County Paid $1M After Data HeistBitcoin’s 2026 Outlook: Sideways Trading Before Any Big RallyNorth Korean PolinRider Hackers Publish 108 Malicious PackagesFatFs Flaws Let Malicious Media Hijack Millions of DevicesSaylor Rage-Quits Channel 4 Over Bitcoin GrillingStay in the Loop🔥Join 1. 2K Smart TradersGet exclusive crypto insights, breaking news, and market analysis delivered straight to your inbox. No fluff, just facts.