Bitcoin at $80,000: Fear fades, STRC at $100, three morning signals

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Three figures to remember before opening your charts (price to double-check as you read): the Fear & Greed index back to 50, the Strategy STRC back to 100 dollars and the Dow Jones which has its best session since April 2025.

On Tuesday, the Fear & Greed index from Alternative.me showed 26 and on Wednesday it was still 34. This Thursday morning it was at 50, in the neutral zone, while it was around 70 a month ago. A complete round trip in forty-eight hours, time for the short sellers to get out.

The trigger has a number. As it passed $80,000 late Wednesday afternoon, $269 million in short positions were liquidated in one hour according to Binance data. The Block notes that ether gained nearly 6% in the aftermath and crypto stocks followed, while Bitwise reads the measured reaction to the Binance hack as a sign of a more mature market. Ether is trading at $2,422 this morning, Solana at $96 and XRP at $1.31.

The downside is ETFs. Spot funds saw $399 million in outflows on November 2, the heaviest from IBIT since June. The feeds from Wednesday's session, to be collated with Farside before publication, will tell whether the squeeze convinced institutional investors or only leveraged traders.

The second signal comes from Virginia. At 1:44 p.m. New York time on Wednesday, STRC, Strategy's perpetual preferred stock, hit $100 for the first time since May. Bitcoin Magazine recalls the price of this return to par, more than 2 billion dollars in redemptions and 2.25 billion since the opening of the discount, including 205 million the week of October 19 while bitcoin purchases were at a standstill.

Why does this matter for the course? At $100, Strategy can stop repurchasing its title and start issuing shares over time, and each dollar raised goes into bitcoin. The November dividend is set at 12% annualized and has been paid daily since Monday, following a 99.3% vote on October 28. The company holds 849,327 BTC at an average price of $75,446, 6% below this morning's price.

Keep an eye out for the next weekly purchase. A figure well above last week's 811 BTC will mean that the tap is reopened.

Machine-translated from French