Bitcoin’s $65K Support Level: A Make-or-Break Moment for Bullish Momentum

As Bitcoin consolidates near the $65,000 mark, analysts highlight this level as critical for maintaining its bullish market structure. The coming weeks could see significant price action depending on whether this support holds or breaks, with potential implications for broader market sentiment. Meanwhile, concerns grow over systemic risks tied to corporate Bitcoin holdings concentrated in a handful of custodians.

Bitcoin’s $65k Level Crucial for Market Structure

Bitcoin is consolidating, and the $65,000 region is key to maintaining its bullish market structure. Technical confluence around this level will determine the market direction in coming weeks. Traders should wait for support to be tested before entering trades, with a clear invalidation point if the $65,000 support is lost, signaling a potential deeper correction.

Corporate Bitcoin Holdings Pose Systemic Risk Due to Concentration in Few Custodians

As Bitcoin’s (BTC) appeal as a treasury asset grows, Casa co-founder and CSO Jameson Lopp has assessed that concentrating a large amount of BTC on a few custody service providers might pose a systemic risk. Based on Bitcoin Treasuries data, public and private companies currently hold 1,019,136 BTC in their treasuries, which equals 32.3% of the 3,150,000 BTC controlled by large entities and 5.13% of the total 19,849,381 BTC. Lopp raised concerns over custody this week, questioning whether a third party would act as custodian in response to Pierre Rochard’s announcement of the Bitcoin Bond Company. Rochard, however, said there are already ’lots of great institutional custodians to work with.’ This highlights a structural vulnerability with no easy fix in the Bitcoin ecosystem.

Could Sweden Add Bitcoin To Its National Reserves?

A Swedish Parliament member, Rickard Nordin, has posed a bold question to the Minister of Finance, Elisabeth Svantesson, suggesting that Sweden could integrate Bitcoin into its national reserves. This proposal comes as more countries turn to BTC as a strategic asset amid geopolitical instability and persistent inflation. If Sweden, known for its prudent monetary policy, adopts this initiative, it could disrupt the country’s monetary strategy. No mention of other cryptocurrencies or exchanges in the article.

Bitcoin Wavers as Tariff Pause Creates Confusion on Wall Street

The price of Bitcoin fell to $79,500 on Thursday, erasing much of the prior day’s gains after jumping to $83,300. The decline came as jubilation over U.S. President Donald Trump’s tariff pause faded. The president lowered tariffs on most nations to 10%, sparking a rally within the cryptosphere and broader markets. However, Trump also raised tariffs on Chinese imports to a total rate of 125%, causing uncertainty in the markets. Over the past 24 hours, BTC was down about 3.1%, and the overall crypto market value sank 4.7% to $2.61 trillion.

How the Basis Trade Unwind Could Affect Bitcoin

Investors remain wary that the $29-trillion U.S. Treasury market is flashing a warning sign, which may force the Federal Reserve to intervene. But one analyst suggests that this could buoy Bitcoin if prices rise as the central bank introduces more liquidity into markets. Benchmark yields have trended upward since Treasuries were hit with a selloff on Monday, with Ten-year yields hovering around 4.36% on Thursday. Jake Ostrovskis, an OTC trader at market Maker Wintermute, noted that most institutional investors believed the bond market was starting to break.