Bitcoin’s Perfect Storm: How Leverage and Patience Are Fueling the Next Big Crypto Breakout

Bitcoin's coiled-spring moment arrives as traders balance high leverage with diamond-handed patience. The crypto kingpin flirts with a decisive move—will institutions finally chase the breakout they've been pretending to ignore?

Leverage meets hodl mentality

Futures open interest hits 18-month highs while long-term holders refuse to budge. This tension creates the powder keg for Bitcoin's next major volatility surge—whether Wall Street's 'risk managers' are ready or not.

The institutional FOMO paradox

Asset managers keep citing 'lack of institutional adoption' as reason for caution... while quietly accumulating positions through OTC desks. Classic finance hypocrisy reaches new heights as the SEC drags its feet on ETF approvals.

Technical breakout imminent?

The 200-week moving average acts as a trampoline once again. With funding rates stable and spot demand picking up, this could be the cleanest setup Bitcoin's seen since 2024's halving rally.

Remember: When traditional finance finally 'discovers' crypto, they'll rebrand it as 'Web3 financial infrastructure' and take credit for inventing it.

Figma Holds $70M in BTC ETFs: Filing

Design software firm Figma has disclosed a $70 million position in the Bitwise bitcoin ETF (BITB) as part of its IPO filing.

The filing shows that board approved a $55 million BTC investment in March 2024, which has since appreciated by 27%.

A separate May resolution greenlit a $30 million USDC purchase, earmarked for future conversion to BTC bringing the total planned allocation to $100 million.

Recently, Hong Kong-based food conglomerate DDC Enterprise announced a $528 million capital raise this week, earmarked to buy 5,000 BTC over three years.

DeFi Development Corp. to Raise $100M in Convertible Notes, Eyes More SOL Accumulation

DeFi Development Corp. , the first publicly traded U.S. company with a treasury strategy built around solana (SOL), announced in a Tuesday press release that it plans to raise $100 million through a private offering of convertible senior notes due 2030.

The offering, made under Rule 144A to qualified institutional buyers, includes an option for initial purchasers to acquire up to an additional $25 million in notes within 13 days of issuance.

Market Movements:

Bitcoin is holding around $106K, with on-chain data from Glassnode showing long-term holders largely unmoved.

Ethereum faced heavy selling after failing to break resistance at $2,522, ending a volatile 24-hour session marked by a 4.5% trading range.

Gold ROSE over 1% Tuesday, driven by a weaker dollar and global trade uncertainty, with spot prices hitting $3,357.85 and futures climbing to $3,353.80.

U.S. stocks were mixed Tuesday as investors rotated out of tech, with the S&P 500 slipping 0.11% to close at 6,198.01.

Elsewhere in Crypto:

• Binance to Keep Hundreds of Staff in Singapore Despite Crackdown (Bloomberg)
• NY Attorney General Letitia James warns stablecoin bills put Americans at risk, urges stronger oversight (The Block)
• High on DOGE? Cannabis Company Makes Dogecoin Treasury Play (Decrypt)