Security

Bitcoin (BTC) Research Hub

Bitcoin is navigating a precarious technical environment, recently retracing to its 200-day moving average amid a broader 'Momo Unwind' that has significantly impacted momentum-driven assets. This correction coincides with intense pressure in the fixed income market, characterized by the 30-year yield hitting its highest level since 2023 and inflation expectations rising toward the 4-5% range. Market sentiment is increasingly cautious as the BofA Bull & Bear Indicator reached 8.0, a contrarian sell signal, while global indices encounter major overhead resistance. The broader rotation out of high-valuation technology stocks, highlighted by a 14% drawdown in the TMT momentum pair, suggests BTC remains highly sensitive to the cooling of 'bubbly' equity concentrations. Furthermore, geopolitical tensions in the Middle East and record-high short exposure in US indices reflect a risk-off shift among institutional investors. Consequently, BTC's price action appears tightly coupled with macro liquidity concerns and the ongoing revaluation of speculative risk.

66 reports available

Strategy Sells BTC and CFTC Approves Regulated Perpetuals

Goldman Sachs·Jun 3, 2026

Strategy executed its first BTC sale since 2022, while the CFTC reached a milestone by approving regulated perpetual futures platforms in the U.S.

Strategy Sells BTC, Geopolitical Reaction Function, and CFTC Regulated Perps

Goldman Sachs·Jun 2, 2026

Goldman Sachs analyzes Strategy's recent Bitcoin sale and significant May ETF outflows, alongside a breakdown in crypto's correlation with tech stocks. It highlights a landmark CFTC approval for regulated crypto perpetual futures platforms in the U.S.

The Point for North America

Citi·Jun 4, 2026

A daily Citi Research summary highlighting key equity changes, including adding Equinix to the Focus List and raising IBM's price target. It also covers macro themes like bullish uranium prices and the impact of central bank liquidity on repo rates.

Bitcoin Lost the Narrative

The Market Ear·May 28, 2026

Bitcoin has lost its speculative momentum and 'digital gold' narrative as capital migrates toward the semiconductor sector. It now behaves like a high-beta tech asset rather than a macro hedge, with technicals and ETF flows showing significant deterioration.

Digital Assets Need to Know

Goldman Sachs·Jun 5, 2026

This report outlines current trends in digital assets, focusing on tokenization initiatives by major banks and shifting dynamics in crypto derivatives markets.

Crypto Monthly On-Chain and Market Data

Goldman Sachs·Jun 3, 2026

May 2026 was marked by a divergence in digital asset markets, where Bitcoin and Ethereum saw net ETF outflows and price declines, while Solana attracted inflows ahead of its upcoming Alpenglow upgrade.

Crypto Weekly Recap: Back Lower

Goldman Sachs·May 29, 2026

Crypto Sentiment vs. Market Structure

Goldman Sachs·Jun 4, 2026

The Point For Europe

Citi·Jun 3, 2026

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