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]

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.

[Bitstreet Capital @bitstreetcap]

The crypto market has lost $2 trillion from its peak of $4.2 trillion.

Most people are treating this like a single event with a single cause. It is not. Here is everything hitting at the same time: @Strategy broke its never-sell rule for the first time in four years, triggering a wave of institutional confidence loss that cascaded into ETF outflows.

ETF outflows hit their longest streak ever: 40,000 bitcoin:native out the door in ten consecutive trading days.

The Fed pivot narrative is completely dead. Markets now price 68.8% probability of zero rate cuts. Some officials are floating hikes.

US-Iran tensions flared twice in six weeks, spiking energy prices and keeping inflation above 3.8%.

SpaceX, Anthropic and OpenAI are absorbing hundreds of billions in institutional capital that previously had no better alternative than crypto.

AI chips are the new hot trade. Google ordered millions of Intel TPUs yesterday. Intel jumped 10.71% in a single session. Every dollar chasing AI hardware is a dollar not chasing digital assets.

None of these individually breaks the market. All six landing in the same 30-day window is what a 51% drawdown from ATH looks like.

The question worth asking right now is not why it crashed. It is what changes first.

[Bitstreet Capital @bitstreetcap]

Crypto Exchange @Coinbase just let retail investors buy @SpaceX IPO shares at the official underwritten price.

No Goldman account. No institutional relationships. No minimums.

The most exclusive IPO in history just became accessible to anyone with a Coinbase account.

SpaceX begins trading in three days. This is going to be one of the most watched first trades in market history.

[Bitstreet Capital @bitstreetcap]

Markets are now pricing a 68.8% probability of zero Fed rate cuts in all of 2026.

Six months ago that number was under 10%
Energy prices up 17.9%
Gasoline up 28.4%
Wholesale prices up 6%
Real wages negative for the first time since 2023

The macro backdrop that crypto needs to run does not exist right now. High rates, strong dollar, sticky inflation. Every single condition is working against risk assets simultaneously and the Fed just voted 8-4 to hold with the most internal dissent since 1992.

Crypto does not bottom until this story changes.

[Bitstreet Capital @bitstreetcap]

Run the @Strategy math out loud for a second.
Cash reserves: $900 million, down from $2.25 billion five months ago

Annual preferred dividend obligations: $750 to $800 million

Bitcoin on the balance sheet: 843,000 bitcoin:native sitting on an $11.2 billion unrealized loss at current prices.

They have roughly one year of cash left to cover dividends before the balance sheet forces a decision nobody wants to make. The market is not being irrational pricing in forced selling risk. It is doing basic arithmetic.

[Bitstreet Capital @bitstreetcap]

Yesterday @CryptoHayes said he was holding his Worldcoin tokens.

Today he dumped them.
$WLD crashed 20% in hours.
His reason? He looked at the pre-IPO @SpaceX chart on @Binance and did not like what he saw.

The most influential independent voice in crypto changed a publicly stated position inside 24 hours based on a pre-IPO derivative chart that does not even represent real shares yet.

This market is not trading fundamentals right now.
It is trading sentiment, signals and whoever speaks loudest.

[Bitstreet Capital @bitstreetcap]

Crypto just had its worst week since the FTX collapse.

$390 billion in market cap wiped
$Ethereum down 10.2% in 24 hours
$Solana at $66
$XRP at $1.12
Memecoins down 9% across the board.

The week started with @Strategy selling Bitcoin for the first time in years. It ended with record ETF outflows and a technical breakdown that nobody wanted to see.

Every structural support that held crypto through 2025 failed in the same 7-day window. That does not happen often. When it does, the bounce that follows tends to be equally violent.

[Bitstreet Capital @bitstreetcap]

An AI model just helped uncover a 4-year-old critical flaw in Zcash's cryptographic system.

Security researchers are now warning that similar bugs may be hiding inside other crypto networks and inside traditional banking infrastructure.

This is the part of the AI story nobody is talking about. AI is not just generating tokens and images. It is auditing codebases at a speed and depth that humans never could.

Every protocol that has not had an AI-assisted security review in the last 12 months should be asking why not.