Bitcoin Slumps as Standard Chartered Flags $50K Risk and Coinbase Reports Quarterly Loss

Overview

• Bitcoin fell back toward $65,000 after a volatile week, leaving the asset roughly 45%–50% below its October 2025 peak and tracking weakness in U.S. tech stocks.
• Standard Chartered cut near‑term and 2026 targets, warning bitcoin could drop to about $50,000 before recovering and noting ETF holdings are down nearly 100,000 BTC with many investors underwater near a $90,000 average entry.
• Derivatives stress intensified with roughly $280 million in liquidations over 24 hours and futures open interest sliding to about $45 billion, the lowest since late 2024.
• Coinbase missed Q4 estimates with $1.78 billion in revenue versus $1.83 billion expected, transaction revenue of about $983 million, and a net loss of roughly $667 million, with shares slipping during the session before a modest after‑hours rebound.
• Banks trimmed Coinbase price targets on softer crypto activity, and disclosures highlighted CEO Brian Armstrong’s sales of more than 1.5 million shares since 2025 worth roughly $545 million as his net worth fell off Bloomberg’s top‑500 list.