BEARISH 62 Bitcoin.com News 10H ago · 1 min read 4 reads

Nakamoto’s debt tops its market cap as bitcoin drops below $67K

AI summary

Bitcoin fell below $67K as Nakamoto's debt load now exceeds its entire market capitalization. The company holds a $165 million USDT loan from an exchange and may need to repay part of it or pledge more of its bitcoin treasury as collateral, with the instruments maturing next year. Traders should watch for forced selling or collateral top-ups from a leveraged bitcoin treasury holder if BTC keeps sliding.

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