Citrini Research, founded by James Van Geelen, is an independent macro research firm known for long-form thematic analysis that explores second-order economic effects. Its essays, distributed primarily through Substack, often blend financial history with speculative scenario-building aimed at stress-testing prevailing narratives.
But lo, the day’s theatrics did not end there. Earlier, the same wallet had already parted with 71.27 billion SHIB, followed by two more modest transfers of 37.58 billion and 37.13 billion. In total, over 349 billion SHIB were sent to Bitget-linked addresses, as if the whale had suddenly developed a penchant for spring cleaning-or perhaps a sudden urge to test the limits of its own generosity.
Non‑plucky Adam Back, the CEO of BSTR, admits the plunge in bitcoin and the even deeper dive for crypto treasury firms could still mean an IPO as early as April. He’s basically saying, “I’ll make it happen-no fireworks guaranteed.”
Tuesday saw the poor beast dragged through the mud, hitting a low of $62,525 per coin on Bitstamp. $156 million in long positions, those hopeful bets on a rise, were swept away like so much dry grass in a prairie fire. Bitcoin liquidations led the charge, accounting for the lion’s share of the $400 million erased from the derivatives market. It’s been a brutal season, with the coin down 7.5% this week and a staggering 29.2% over the past month. Folks are starting to whisper, is this the end of the ‘digital gold’ dream?
Crypto Candy, the wise oracle of digital doom, shared that Ethereum’s price has dropped more than 8% since the last update. Oh, joy! Just as predicted, it followed the bearish path like a loyal puppy. Currently, Ethereum is hovering around $1,800, while the selling pressure stays as heavy as my post-pizza guilt.
The Board of Peace (oh yes, that board) has decided that a stablecoin is exactly what the war-torn Gaza economy needs right now. According to the Financial Times, this is the magical digital tool that will help people swap goods without the hassle of, you know, actual physical cash or those lovely, broken machines that are so helpful during a financial crisis. Modern problems, modern solutions, right?
Bitcoin, having pirouetted into the 63K-64K corridor, now dances on the edge of a knife, while traders-those modern-day Tarantellas of the blockchain-stand frozen, eyes wide as saucers, whispering, “Wait… where’s the real confirmation?”
This proposal, if enacted, might lift one of the many chains that have bound crypto companies to the dungeon of traditional banking. Yet, one wonders: is this a genuine effort to liberate, or a hollow gesture to pacify an industry that has grown too large to ignore?
Michael Saylor, the grand poobah of Strategy, twitted (or X’ed, if you like) the news of this latest acquisition. The purchase cost a whopping $39.8 million for 592 tokens. A mere trifle for Strategy, really, but a milestone worth a drumroll: 100 purchases! Imagine counting that high without your fingers getting tired.
Coin Bureau, in a delightful post on X (because that’s what we call Twitter now, isn’t it?), pointed out a rather cheeky trend among the corporate Bitcoin holders that could explain this tumble. According to their rather enlightening chart, these large, corporate types are suddenly dumping their Bitcoin stash, faster than you can say “pump and dump.”