Bitcoin Struggles Below $70K as February Seasonality Weighs on Tech
From the Bitcoin Suisse Trading Desk: Daily Market Update 10.02.26
Ki Young Ju calling Bitcoin 'unpumpable' as leverage multipliers collapse. While2024 saw efficient 2.6x capital multiplication, now $308B inflows absorbed without price appreciation.
Ki Young Ju
@ki_young_ju
02-10
Bitcoin is not pumpable right now.
In 2024, $10B in cash could create $26B in BTC book value. In 2025, $308B flowed in, yet the market cap fell $98B. Selling pressure is too heavy for any multiplier effect.
MSTR and DATs won't work until it becomes pumpable again.
Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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