Bitcoin & Crypto Daily Digest – 2025-07-30
Market Sentiment: mixed
Bitcoin treasury boom = 1920s investment trust mania. Systemic risk from leveraged Bitcoin vehicles. Copycat structures chasing mNAV arbitrage. Zero cash flow = dangerous debt dependencies. Falling prices trigger reverse leverage contagion. Collective fragility from identical capital strategies.
Key Narratives
- Treasury dynamics
- Systemic fragility
- Leverage risk
Coins in Focus
MSTR, BTC