Bitcoin and Altcoins are Causing Significant Declines in Traditional Markets.

Recent sharp declines have deeply affected not only the cryptocurrency market but also the companies that hold these assets on their balance sheets, including Bitcoin (BTC) and altcoins. The struggle of Bitcoin to maintain the 100 thousand dollar threshold has resonated significantly in traditional markets as well. CryptoQuant analyst emphasized that the value losses of publicly traded companies with significant Bitcoin and major altcoin positions have reached a notable level.

Particularly, companies like Strategy, BitMine, Metaplanet, and Evernorth, known for their digital asset treasuries, have faced significant pressures in recent weeks. Recently, Strategy’s stock experienced a 53 percent loss, dropping to 221 dollars. This situation corresponds to the lower boundary of the MSTR price bands based on the company's Bitcoin assets.

Japan-based Metaplanet holds 30.8 Bitcoin, purchased at an average price of 106 thousand dollars. However, the company has faced approximately 120 million dollars in losses and its stock is currently trading 80 percent below its all-time high. This situation raises significant concerns for investors.

Altcoin holdings have also suffered similar value losses. Evernorth, just 2.5 weeks ago, initiated a buying process in which it purchased 388.7 million Ripple (XRP) for about 947 million dollars. However, the value of this position has now declined to 868 million dollars, resulting in approximately 79 million dollars in losses.

Similarly, BitMine has incurred around 2.1 billion dollars in losses despite adding 442 thousand Ethereum (ETH) since the market crash on October 10. As highlighted by the CryptoQuant analyst, the declines in stocks of cryptocurrency-related companies indicate that the market is still in a high-leverage liquidation process.

For investors, critical points to watch for future movements include the price levels of Bitcoin and altcoins, along with the overall fluctuations of the market. During this process, closely monitoring support and resistance levels is crucial for investors to predict upcoming directions.