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BTC 
HYPER Key Points
Bitcoin trading prices are close to US$64,000, and Strategy reported a quarterly loss of US$8.2 billion due to unrealized losses on its Bitcoin holdings.
The market focuses on the US$60,000 support level and the US$65,000 resistance level to judge the short-term trend.
Bitcoin Price Trend and Market Dynamics
Bitcoin (BTC) prices are currently hovering around US$63,900, rising slightly by 0.4% in 24 hours. The volatility came as markets digested the company's second-quarter earnings report, which showed a sharp reversal in results, mainly due to unrealized losses on Bitcoin holdings.
The company shifted from a profit of US$10 billion in the second quarter of 2025 to a loss of US$8.2 billion this quarter. This change is mainly attributed to the decline in the valuation of its Bitcoin inventory reserves. According to documents filed by the company, the spot price of Bitcoin fell more than 40% year-on-year at the end of the quarter.
During the same period, the company increased its holdings by 11% to a peak of 846,000 bitcoins, before making a selective sale. According to its latest 8-K disclosure, the company currently holds 843,775 bitcoins. Management also reported that convertible debt decreased by 18% to $6.7 billion, while dollar reserves increased by 12% to $2.4 billion, indicating a shift to a balance sheet stabilization strategy.
The company has suspended bitcoin purchases for five consecutive weeks, which has eliminated a continuously visible source of institutional demand in the market.
Key Technology Level
Bitcoin is around $64,000 and remains within a narrow range of $63,986 to $65,372. This consolidation reflects market uncertainty rather than a decisive directional breakthrough.
Analysts view US$60,000 as a key support level, and if this level falls short, additional buying demand may emerge in the US$57,500 to US$55,000 range. Bitcoin once fell to around $59,100, which has already tested buyers 'confidence.
On the upside, resistance is concentrated between US$64,500 and US$65,000. Continued closing prices above this range are needed to support broader recovery expectations. Above the direct resistance level, the $71,000 to $72,000 area forms the upper boundary of a larger consolidation range. Moving towards the region would indicate greater structural momentum rather than a brief rebound.
A joint report pointed out that deleveraging after the fourth quarter reduced liquidation risks and made Bitcoin's behavior more sensitive to macroeconomic factors.
Short-term market scenario analysis
Market participants are tracking three scenarios that may arise in the near future. In a bull market scenario, prices remain above $60,000 and break through $65,000. If ETF inflows strengthen, it may open the way to rise to $71,000. The benchmark scenario expects prices to continue to consolidate between $62,000 and $65,000, with macro data and Fed comments dominating the direction. In a bear market scenario, a close below $59,100 could expose the $57,500 area and weaken recovery expectations.
Momentum indicators show that the Relative Strength Index (RSI) has rebounded from a deeply oversold area close to 15.5. Historically, such readings have predicted significant recovery, but results vary depending on overall market conditions.
Bitcoin Layer 2 Network Development
As Bitcoin trading prices fall below previous highs, some market participants are evaluating projects focused on infrastructure to look for potential growth opportunities. One such project is the Bitcoin Superconducting Network ($HYPER), a layer 2 protocol that purports to integrate Solana virtual machines to address scalability and programmability limitations. The project reports that it has raised more than $32 million at a pre-sale price of $0.0136839. Features it promotes include decentralized canonical bridging and sub-second transaction execution for Bitcoin transfers, as well as providing pledge options for participants. The development of second-layer network solutions reflects the continued efforts to expand the effectiveness of Bitcoin's underlying network during the overall market consolidation.
