Bitcoin Treasuries: 80% Underwater on Cost Basis

Glassnode data reveals most public bitcoin native treasuries sit underwater with price below aggregate cost basis and roughly 80% of companies now at a loss.

On the 4h chart BTC holds at $64499.93 inside a bullish structure above EMA50 support at $63890.56 and EMA200 at $63859.38 while MACD prints a golden cross at 303.21, yet price eyes upper Bollinger resistance at $65248.8 with RSI neutral at 60.49, pointing to limited upside before any retracement that could shape near-term BTC price prediction and institutional bitcoin holdings strategy.