k33

According to Theblock, K33 research director Vetle Lunde pointed out that in recent weeks, the price of Bitcoin has mainly fluctuated between $60,000 and $75,000, indicating that the trading volume of exchange-traded products and the behavior of long-term holders are stabilizing. He described this price trend as "typically associated with market bottoms" and suggested that the price range just above $70,000 may be attractive to medium- to long-term investors.According to Lunde, since late February, the capital flow of Bitcoin ETFs has slightly turned positive, indicating that the sell-off wave since the historical high in October may be coming to an end. He stated that the previous capital outflow was due to profit-taking when the Bitcoin price fell below the investors' cost price, creating a supply-demand feedback loop. However, as prices fell, the motivation to sell weakened, and demand began to stabilize.

According to Theblock, research firm K33 stated that Strategy increasingly relies on selling its STRC perpetual preferred shares to raise funds for accumulating Bitcoin, which is introducing structural risks related to market sentiment and pricing dynamics.It is reported that of the $1.57 billion in Bitcoin acquired by Strategy on Monday, approximately $1.18 billion came from the market sale of STRC, while the sale of Class A common stock amounted to $396 million.K33 indicated that this model requires the price of STRC to be maintained near the target price, and that the trading price of Strategy's equity is above its net asset value. These conditions are largely driven by market sentiment and may deteriorate simultaneously during market weakness.

According to market news, research and brokerage firm K33 stated that the current Bitcoin market structure, derivative positions, and ETF fund flows are highly similar to the late stages of the 2022 bear market, indicating a potential long-term consolidation rather than a rapid rebound.K33's research director Vetle Lunde noted that their proprietary indicators show a "striking similarity" between the current situation and September and November 2022 (close to the bear market bottom). However, historical experience suggests that market bottoms are often accompanied by prolonged consolidation, with an average 90-day return of only about 3% in similar environments. Data shows that Bitcoin has dropped nearly 28% since January, with the funding rate being negative for 11 consecutive days, and open interest falling below 260,000 BTC, as long positions are being liquidated.Spot trading volume decreased by 59% week-over-week, and futures open interest has fallen to a four-month low. On the institutional side, CME traders are relatively inactive, with Bitcoin ETP holdings decreasing by 103,113 BTC from last October's peak, but 93% of peak exposure remains, indicating that institutions are primarily reducing exposure rather than completely exiting.The Fear and Greed Index recently hit a historical low of 5, but Lunde pointed out that the average 90-day return from buying during extreme fear periods is only 2.4%, far lower than the 95% during extreme greed periods, suggesting that fear does not reliably predict a strong rebound. He expects Bitcoin to consolidate in the range of $60,000 to $75,000 for an extended period, noting that the current entry point is attractive but requires patience.

According to market news, Norwegian listed company K33 has announced the launch of a crypto loan service backed by Bitcoin and Ethereum, initially open to a select group of qualified clients, with loans issued in stablecoins such as USDC.K33 stated that it will also include its own holdings of Bitcoin in the service operation, creating a revenue-generating digital asset solution.

K33 Research released the 2025 Annual Report on the Cryptocurrency Market, indicating that despite Bitcoin's fundamentals reaching an all-time high, its price performance lags behind other major asset classes.The report shows that the U.S. government has established a strategic Bitcoin reserve, while national pension funds in Abu Dhabi and Luxembourg allocate 1-3% of their funds to invest in Bitcoin. Harvard University has also made similar allocations in its substantial endowment fund. Meanwhile, since January 2024, over 20% of Bitcoin UTXOs that are more than two years old have been activated, indicating a large-scale sell-off by early holders. Analysts believe this is both a natural behavior of profit-taking and a reflection of the response to Bitcoin's gradual integration into the traditional financial system. Despite market adjustments, the report holds a "constructively bullish" view for 2026, suggesting that the current price divergence from fundamentals creates investment opportunities, especially in the context of a new U.S. government potentially adopting a more accommodative monetary policy.

The K33 Research report titled "2025 Annual Review" indicates that 2025 will be a year where the fundamentals and price performance of cryptocurrencies are severely disconnected. Despite the U.S. establishing a strategic Bitcoin reserve, the Trump administration promoting the inclusion of digital assets in 401(k) plans through executive orders, and a regulatory shift brought about by changes in SEC leadership, Bitcoin underperformed mainstream assets like U.S. stocks and gold due to large-scale profit-taking by early holders (OGs) and adjustments in market structure, all while volatility hit historic lows.K33 Research holds a constructive bullish outlook for 2026, predicting that Bitcoin will outperform stock indices and gold, believing that the positive effects of regulatory victories will outweigh the impacts of capital allocation. On a macro level, it is expected that Trump will appoint a dovish Federal Reserve chair to replace tightening policies with expansionary ones, creating an "abundant" environment that will benefit scarce assets like Bitcoin. In terms of regulation, the "Clarity Act" is expected to pass in the first quarter of 2026, with broader cryptocurrency legislation also anticipated to be signed at the beginning of the year.The institutional side is set to explode: Morgan Stanley plans to allow advisors to allocate 0-4% of Bitcoin ETFs for clients starting January 1, 2026, and E*Trade's retail crypto trading is expected to launch in the first half of 2026. In terms of specific data predictions, net inflows into ETFs in 2026 are expected to exceed those of 2025; on the corporate finance side, it is predicted that MicroStrategy will not sell its Bitcoin (although it may be removed from the MSCI index), with the overall corporate finance net absorption expected to be 150,000 BTC, a decrease of 330,000 BTC year-on-year; supply-side predictions suggest that the supply of Bitcoin held for over two years will end its downward trend, rebounding to over 12.16 million BTC by the end of the year, with early selling pressure dissipating and turning into net buyer demand.Additionally, with the opening of 401(k) plans, the market will see a huge potential buying demand based on different allocation weights of 1% to 5%.

The research and brokerage firm K33 stated in a report released yesterday that the selling pressure from long-term Bitcoin holders is approaching a saturation phase, and on-chain selling pressure is expected to gradually ease.K33's research director Vetle Lunde pointed out that since 2024, the supply of Bitcoin held for more than two years has been continuously declining, with approximately 1.6 million BTC reactivated and flowing into the market, valued at about $138 billion at current prices, reflecting ongoing on-chain sales by early holders. Lunde believes that this scale has clearly exceeded what can be explained by technical migration or structural adjustments, indicating substantial distribution behavior.The report states that 2024 and 2025 will become the second and third highest years for the re-circulation of long-term supply in Bitcoin's history, second only to 2017. Unlike the distribution cycle back then driven by ICOs, altcoin trading, and incentive mechanisms, this round of selling is more about long-term holders directly realizing deep liquidity gains in response to the demand from U.S. Bitcoin spot ETFs and corporate financial needs.Looking ahead, K33 expects the selling pressure to gradually diminish. Lunde noted that about 20% of the Bitcoin supply has been reactivated over the past two years, and on-chain selling pressure is expected to approach saturation. The supply of Bitcoin held for more than two years may end the current downward trend by 2026 and exceed the current level of approximately 12.16 million BTC. Additionally, K33 pointed out the potential asset allocation rebalancing effect that may occur at the end of the quarter and the beginning of the new quarter. Given that Bitcoin has significantly underperformed other assets in the fourth quarter, funds with fixed allocation ratios may be reallocated at the end of the year and early next year, potentially bringing phased capital inflows to the market.

According to CoinDesk, K33 Research Director Vetle Lunde stated that as the year-end approaches, Bitcoin may benefit from asset managers adjusting their portfolios to maintain established asset allocation ratios, given that Bitcoin has underperformed compared to other asset classes this quarter. Earlier this year, Bitcoin underperformed the S&P 500 in the first quarter, then began to rise in the second quarter.In contrast, when Bitcoin outperformed stocks in the second quarter, it saw a decline at the beginning of the third quarter. So far, Bitcoin has underperformed the S&P 500 by as much as 26% in the fourth quarter, indicating that a significant rebalancing is imminent. Lunde mentioned that fund managers with established Bitcoin allocation targets may adjust their positions before the end of the year, potentially leading to substantial inflows on the last trading day of this year and early January of next year.He also noted that despite price stabilization, market participants remain reluctant to take on new risks. Derivatives trading activity on the Chicago Mercantile Exchange (CME) is nearing annual lows, with Bitcoin futures open interest at about 124,000 contracts; the funding rates in the perpetual contract market are close to neutral, and there are small changes in open interest, indicating a lack of short-term directional confidence. Last week, spot cryptocurrency trading volume dropped by 12%, further confirming low trader participation as the year-end approaches.

ChainCatcher news, according to CoinDesk, K33 Research Director Vetle Lunde pointed out that although the rebound after last week's flash crash lost momentum on Tuesday, the current decline is a constructive setup, with Bitcoin stabilizing after a significant leverage reset. In his report on Tuesday, he stated that after recent leverage liquidations, he holds a constructive optimism towards BTC, but patience is required.He noted that traders are recovering from forced sell-offs, and short-term liquidity may still remain low, but such leverage liquidations often indicate a market bottom. He also stated, "The current price level is very attractive for increasing BTC spot positions, as leverage has been significantly cleared. Coupled with a favorable backdrop including expectations of loose policies, high institutional demand, and ETF-related catalysts, the current situation is conducive to gradually accumulating Bitcoin."

ChainCatcher news, according to official sources, K33 announced a strategic increase of 15 bitcoins at a cost of 16 million Swedish kronor. Currently, the total holdings on the balance sheet amount to 141 BTC, with an average purchase price of 1,114,859 Swedish kronor per bitcoin.

ChainCatcher news, K33 research director Vetle Lunde warned in the latest report that Bitcoin's recent weak performance may continue. The sharp rise in leverage combined with a large influx of funds into Ethereum puts Bitcoin under further correction pressure.The report shows that the nominal open interest in Bitcoin perpetual futures has surged to its highest level in two years, surpassing 310,000 BTC (approximately $34 billion). In just the past two months, an additional 41,607 BTC has been added, with a spike of 13,472 BTC over the last weekend, which may indicate an impending market turning point.Lunde's analysis indicates that the surge in open interest, coupled with the annualized funding rate jumping from 3% to nearly 11%, reflects an overly aggressive long position during a price consolidation phase. This accumulation of leverage is similar to situations before significant market corrections in the past, and investors should remain vigilant.

ChainCatcher news, according to NLNico, the Bitcoin asset management company K33 has increased its holdings by 5 bitcoins, bringing its total to 126 bitcoins.

ChainCatcher news, according to the official announcement, the Bitcoin asset management company K33 has increased its holdings by 50 Bitcoins, now totaling 85 Bitcoins.K33 recently launched a Bitcoin financial strategy and announced the successful completion of a share issuance to raise funds to purchase up to 1,000 Bitcoins.

ChainCatcher news, according to official sources, Bitcoin asset management company K33 has purchased 10 more Bitcoins for approximately 10 million Swedish Krona, currently holding a total of 35 Bitcoins.

ChainCatcher news, according to official reports, Bitcoin asset management company K33 announced that it successfully completed two rounds of financing within three weeks, raising a total of 185 million Swedish kronor (over 19.5 million USD), all of which will be used to purchase Bitcoin.K33 CEO Torbjørn Bull Jenssen stated that this financing strongly validates the company's strategy and marks an important milestone in the company's development. Currently, K33 is steadily progressing towards its goal of rapidly acquiring 1,000 Bitcoins. The company is listed on the Nasdaq First North Growth Market.

ChainCatcher news, according to an official announcement, Norwegian digital asset company K33 has announced the launch of a directed stock issuance, with a minimum financing scale of 85 million Swedish kronor (approximately 8.88 million USD). The funds raised will be used to implement its Bitcoin accumulation strategy and strengthen the company's balance sheet.K33 CEO Torbjørn Bull Jenssen stated, "This financing is an important milestone for us to achieve our initial goal of acquiring 1,000 Bitcoins before further expansion. We firmly believe that Bitcoin represents the future of global finance, and a strong balance sheet built on Bitcoin will significantly enhance our brokerage business while maintaining full exposure to Bitcoin's upside potential."

ChainCatcher news, according to Bitcoin Magazine, the publicly listed company K33 spent 10 million Swedish Krona to purchase 10 bitcoins and added them to its balance sheet.ChainCatcher previously reported, according to official news, Swedish cryptocurrency broker K33 AB (publ) announced on May 28 that it has reached an investment agreement with major shareholders including Klein Group, Middelborg Invest, Tigergutt Invest, and Modiola AS, successfully raising 60 million Swedish Krona (approximately 5.3 million USD) to launch its bitcoin reserve strategy.

ChainCatcher news, according to official sources, Swedish cryptocurrency broker K33 AB (publ) announced on May 28 that it has reached an investment agreement with major shareholders including Klein Group, Middelborg Invest, Tigergutt Invest, and Modiola AS, successfully raising 60 million Swedish kronor (approximately 5.3 million USD) to launch its Bitcoin reserve strategy.The financing includes the issuance of 15 million Swedish kronor in new shares and warrants, as well as a 45 million Swedish kronor interest-free convertible loan. Through the warrants, K33 also has the opportunity to secure an additional 75 million Swedish kronor in funding. The company stated that all raised funds will be used to purchase Bitcoin and establish its Bitcoin reserve strategy.K33 CEO Torbjørn Bull Jenssen stated, "We firmly believe that Bitcoin will become an important part of the global financial system. I am excited to start building a strong balance sheet supported by Bitcoin, which is not only a strongly conviction-driven investment but, more importantly, a strategic driving force for K33 as a leading cryptocurrency broker."

ChainCatcher news, according to K33 Research analysis, Bitcoin has decoupled from stocks, soaring to $90,000 under strong institutional demand, while ETH has fallen to a 5-year low. Macroeconomic uncertainty and the imminent strategic BTC reserves have bolstered the bullish case for BTC.

ChainCatcher news, K33 analysts stated that despite a widespread sell-off in the market due to concerns about an economic recession, President Trump's "Strategic Bitcoin Reserve" executive order is still a "big deal." Additionally, analysts expect U.S. Treasury Secretary Scott Bessent to clarify budget-neutral Bitcoin acquisition measures before May 5.