Bitstreet Capital

Institutional-grade market maker & liquidity provider across crypto. Bridging TradFi precision with DeFi innovation.

[Bitstreet Capital @bitstreetcap]

@SpaceX wants $75 Billion
@AnthropicAI wants $60 Billion
@OpenAI wants $50 Billion

That is potentially $185 Billion in fresh capital being pulled from global markets in a single year. More than the total US IPO capital raised in all of 2025.

The same institutions sitting on #Bitcoin ETF positions are the ones chasing allocations in these listings.

Something has to get sold to fund something else. The May ETF outflows were $2.43 Billion.

The math on what comes next is not comfortable.

[Bitstreet Capital @bitstreetcap]

The @HyperliquidX's hyperliquid:native is up ~9% today with trading volume spiking 138%

The driver: @SpaceX IPO derivatives activity flooding into its on-chain infrastructure.

Institutional traders who wanted exposure to SpaceX volatility did not go to the NYSE. They went to an on-chain perps platform and traded it there.

This is the future of financial markets playing out in real time. Traditional IPO. On-chain derivatives. No intermediary. One of the most watched public listings in history being traded natively on DeFi infrastructure.

[Bitstreet Capital @bitstreetcap]

US-Iran ceasefire signed. Strait of Hormuz framework deal in place.

Nasdaq up 3%.
Dow hit an all-time high.
Micron up 10%.
SpaceX up another 20% post-IPO.

#Bitcoin touched $67,000 this morning before consolidating near $66,400

The single biggest macro headwind that has been crushing crypto since February just got formally resolved. The geopolitical risk premium that was baked into every price level for four months is now unwinding.

This is not a relief bounce. This is a regime change.

[Bitstreet Capital @bitstreetcap]

Saylor is back.

After selling Bitcoin for the first time in years and single-handedly triggering a market confidence crisis, @Strategy just bought 1,587 $BTC for $100 million at an average price of $63,024

Two weeks ago that sale wiped billions off the crypto market cap in hours. Today this purchase signals the accumulation thesis is intact.

The man does not do anything quietly. The buy is as loud as the sell was. Watch how the market absorbs this signal today.

[Bitstreet Capital @bitstreetcap]

The @HyperliquidX just became only the second DeFi token in history to enter the top 10 by market cap.

Everything else is bleeding
Galaxy is calling for $40K #Bitcoin
Fear and Greed at 13

hyperliquid:native hit an all time high during the worst crypto month of 2026 and is now sitting alongside Bitcoin, Ethereum, and XRP in the top 10.

The market always tells you where real conviction lives. Right now it is not subtle about where that is.

[Bitstreet Capital @bitstreetcap]

The Bank of Japan is moving toward a rate hike and almost nobody in crypto is talking about it.

Here is why it matters: When Japanese rates rise, the yen carry trade unwinds. Investors who borrowed cheap yen to buy risk assets including crypto start selling to repay those loans. It is mechanical, not emotional.

The last major yen carry trade unwind in August 2024 wiped $500 billion from crypto markets in 72 hours.

The macro risk hiding in plain sight right now is not the Fed. It is the BOJ.

[Bitstreet Capital @bitstreetcap]

Tokenized treasury markets just crossed $14.6 billion.

@CoinDesk called it correctly: Wall Street and crypto are not converging gradually. They are crashing into each other at full speed.

Bonds, money market funds, and public equities settling on-chain. @BlackRock, @FranklnTempletn, and @WisdomTreeFunds all building parallel infrastructure simultaneously.

From a market making perspective, $14.6 billion in tokenized assets is not a pilot anymore. It is a market. And markets need liquidity infrastructure to function. That business does not exist at scale yet. It will soon.

[Bitstreet Capital @bitstreetcap]

Two of the most respected research desks in institutional finance just published opposite calls on bitcoin:native

@StanChart on June 13: Crypto winter is over, Bitcoin bottomed at $59,000, recovery from here.

@glxyresearch on June 12: Bottom not in, base case is $40,000 to $46,000 by Q4 2026, only 4 of 13 historical indicators triggered.

Same data set. Same market. Two completely different conclusions.

One of them is about to look very right. The other is about to look very wrong. This is the most important debate in crypto right now and there is no comfortable middle ground.

[Bitstreet Capital @bitstreetcap]

Brian Armstrong, @coinbase CEO, just confirmed: Gold and silver futures now trade 24 hours a day, 7 days a week in the US following CFTC clearance.

Think about what that sentence means.

Traditional commodity markets that have operated on 9-to-5 weekday schedules for over a century just got crypto hours. The CFTC did not make crypto more like Wall Street. It made Wall Street more like crypto.

The direction of travel in financial markets has never been clearer.

[Bitstreet Capital @bitstreetcap]

The @FIFAWorldCup is two days in. 48 teams. 16 cities. US, Canada and Mexico.

@TRMLabs already identified fake ticketing portals, fixed-match betting schemes, and fraudulent crypto payment gateways targeting fans. Scam infrastructure built and deployed before the group stage even finishes.

Over $1 billion moves through crypto betting markets during a major World Cup cycle. That is not speculation, that is what previous tournaments averaged.

The biggest sporting event on earth is live right now. Where there is this much money and this much excitement in one place, bad actors are never far behind.

If your project, exchange, or wallet is integrating World Cup payments, get your security infrastructure right before the volume peaks. Reactive never works.

[Bitstreet Capital @bitstreetcap]

What just happened in seven days:

Iran peace deal signed. SpaceX IPO popped 30% on day one. CFTC approved Bitcoin perpetual futures. American Reserve Modernization Act introduced. Order book showing buy-side accumulation at cycle lows.

Seven days ago the market felt completely broken. Fear and Greed at 8. Bitcoin below $60,000. CT unanimously bearish.

The best weeks in crypto always start at the point of maximum pessimism. Every single time.

[Bitstreet Capital @bitstreetcap]

The #Bitcoin order book is showing something interesting this morning.

Buy-side dominance at current levels. A key liquidity cluster building just below $70,000. Speculative futures leverage at its lowest point this quarter.

From a market making perspective this is what a base formation looks like before it becomes obvious. Not a V-shaped spike. Not a volume explosion. Just quiet, consistent bids stacking up while sentiment stays in extreme fear and retail stays away.

The order book does not lie. Headlines do.

[Bitstreet Capital @bitstreetcap]

Priced at $135 last night.
Opened at $150 this morning.
Hit $175.50 within the first hour of trading.

$SPCX just generated $33 billion in first-day volume. More than $SPY and $QQQ combined today.

That is the largest single-day liquidity event in market history. @MorganStanley is running stabilization. The spread from IPO price to session high represents one of the biggest single-day wealth transfers from institutional allocations to secondary market holders ever recorded.

From a market making perspective: IPO day is the most chaotic liquidity environment in finance. No price history. No established book. Billions in order flow chasing a fair value that does not yet exist. The spread between where it priced and where it traded tells you exactly how mispriced the institutional allocation process was.

The three weeks of crypto ETF outflows that funded @SpaceX allocations just produced a 30% first-day return. The capital drain is officially over. Watch $Bitcoin inflows starting Monday.

[Bitstreet Capital @bitstreetcap]

Trump just announced a US-Iran deal is reached.

Dollar down to $99.7
VIX retreating double digits
Nasdaq up over 1.75%
Dow up over $1,000

$Bitcoin bouncing from a weekend low of $59,090 to $63,450 this morning.

The single biggest macro headwind that has been crushing crypto since May just got removed in one announcement. Every geopolitical risk premium that was baked into the price is now unwinding simultaneously.

This is what a relief rally looks like from inside the order book. Bids appear out of nowhere. Sellers disappear. Price moves faster than the headlines.

[Bitstreet Capital @bitstreetcap]

A Bitcoin DeFi project called @botanix just shut down this week.

Their post-mortem was brutally honest: "It did not work. Users just did not care."

This is the most important sentence in crypto this week and almost nobody is engaging with it seriously.

Product-market fit cannot be manufactured by liquidity. Deep order books, tight spreads, and a functioning market structure give a good product its best chance. They cannot save a product nobody wants.

The projects that survive this cycle are the ones solving a problem people actually have. Everything else is a well-funded experiment with a countdown timer.

[Bitstreet Capital @bitstreetcap]

Elon's @SpaceX just priced its IPO today.
4x oversubscribed.
$75 billion raised.

The most anticipated public offering in history officially has a price tag.

First trade hits @Nasdaq tomorrow morning.

Every institution that chased this allocation spent the last three weeks liquidating positions to free up capital. Bitcoin ETFs bled for 15 straight sessions during that window.

Watch what happens to crypto inflows the week after tomorrow. The SpaceX liquidity drain officially ends at market open.

[Bitstreet Capital @bitstreetcap]

US inflation data drops today.

$Bitcoin is sitting at $61,193, trading below both its 50-day and 200-day moving averages for the first time this cycle. RSI at 35. Oversold by every technical measure.

A soft print gives the Fed cover to cut. Risk assets breathe. The oversold bounce finds a reason to hold.

A hot print pushes rate cut expectations to 2027.
The $60,000 support gets tested with real conviction behind the selling.

One number. Posted in hours. Everything this week trades around it.

[Bitstreet Capital @bitstreetcap]

Company @circle just launched cirBTC on @ethereum

A Bitcoin token backed 1:1, built to compete directly with @coinbase's cbBTC in DeFi.

Two of the largest companies in crypto are now fighting over who gets to be the dominant wrapped Bitcoin standard in DeFi protocols.

This matters more than most people realize. Whoever wins the wrapped BTC standard controls how billions in Bitcoin liquidity flows through DeFi. It is the same battle @Tether won with USDT and @Circle won with USDC in stablecoins.

Round one of the wrapped Bitcoin wars just started.

[Bitstreet Capital @bitstreetcap]

Sam Bankman-Fried (@SBF_FTX) is seeking a pardon from President Trump.

The man serving 25 years for one of the largest financial frauds in history wants out.

His lawyers argue the sentence was excessive. The thousands of customers who lost everything in the FTX collapse might disagree.

Whatever you think of the outcome, one thing is certain: If this pardon happens, it sends a signal about accountability in crypto that the industry will spend years explaining to every regulator and institutional partner it is trying to court right now.

[Bitstreet Capital @bitstreetcap]

Fear and Greed just hit 8.

Not 8 out of 100 on a bad week. The second lowest reading in the index's entire history. Lower than FTX. Lower than March 2020. Lower than every crash this cycle.

#Bitcoin below $60,000 for the first time since 2024. The last time sentiment was this destroyed and price was this beaten down, the following 12 months produced some of the best returns in crypto history.

Nobody feels that right now. That is exactly the point.

[Bitstreet Capital @bitstreetcap]

Thin books. Cascading liquidations. Forced selling meeting no real bids.

The $2 trillion that left the crypto market did not disappear. It rotated into AI stocks, SpaceX ETFs, money market funds and Treasuries yielding 4.5%.

That capital comes back when the alternative stops being better.

Right now the alternative is still better.