Digital Asset Treasury Firms Face Survival Pressure, Potential Shakeout by 2026
- Bleak Market Outlook: As competition intensifies, many digital asset treasury firms that rapidly expanded in 2025 may face survival challenges by 2026, particularly those relying solely on holding altcoins, which may struggle to maintain their valuations.
- Asset Management Challenges: Altan Tutar, CEO of MoreMarkets, warns that companies focused on altcoins could be the first casualties, as they may find it difficult to sustain valuations above their net asset value, forcing them to sell assets during downturns to cover operational costs.
- Surge in Bitcoin Holders: Ryan Chow of Solv Protocol notes that the number of companies holding Bitcoin surged from about 70 at the beginning of 2025 to over 130 by mid-year, but merely holding Bitcoin does not guarantee growth, and many of these firms are likely to fail in the next market downturn.
- Intensifying Competition: Vincent Chok, CEO of First Digital, argues that competition from crypto exchange-traded funds (ETFs) is increasing pressure on treasury firms, necessitating a shift towards more traditional financial standards to remain relevant and survive into the next cycle.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36104.318 | 48052.159 | 60374.338 | 72322.179 | 84644.358 | 96592.199 | 108914.378 |
| Fibonacci | 48052.159 | 57323.307 | 63051.031 | 72322.179 | 81593.327 | 87321.051 | 96592.199 |
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