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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.

90 reports available

Crypto Monthly On-Chain And Market Data

Goldman Sachs·Jul 3, 2026

June 2026 saw significant market capitulation for digital assets, with BTC, ETH, and SOL all recording monthly price declines amid heavy ETF outflows. The report details structural changes within the Ethereum ecosystem and market behavior metrics for major crypto-assets.

Flows & Liquidity

J.P. Morgan·Jul 8, 2026

This report examines market positioning, crypto flow risks, and the 'Hawkish Fed' trade reversal. It highlights a structural challenge for public blockchains as financial institutions increasingly opt for permissioned infrastructure.

Quarterly Updates

UniCredit·Jul 1, 2026

UniCredit's quarterly report highlights the economic relief from the reopening of the Strait of Hormuz and the significant growth boost provided by continued AI investment. Despite persistent short-term inflation, the outlook remains cautiously constructive for equities and growth.

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.

Crypto Weekly Recap

Goldman Sachs·Jun 16, 2026

Bitcoin has recovered to $66k amid moderating ETF outflows and lower volatility. The price move appears driven by broad market risk relief rather than institutional ETF inflows.

Digital Assets Need to Know

Goldman Sachs·Jul 3, 2026

The Point for North America

Citi·Jun 4, 2026

The Point for Latin America

Citi·Jul 1, 2026

All reports

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