CEO Spotlight: Bitcoin between consolidation and optimism

The past few weeks have once again highlighted that Bitcoin operates in an environment shaped by high expectations, short-term price fluctuations, and strong long-term fundamentals. After an exceptionally dynamic start to the year, the market is now showing early signs of normalization. Such phases are typical: short-term participants reduce risk, while long-term investors continue to accumulate structurally. The resulting consolidation phases are a core component of healthy market cycles.

Bitcoin is currently trading again above the 90,000-US-dollar level. While some market participants hope for a quick return to the 100,000-dollar region, analysts note that there are technical resistance levels in the mid-90,000s. From a strategic perspective, however, short-term timing plays only a minor role. What matters is that Bitcoin, due to its scarcity, monetary structure, and global distribution effects, maintains a solid long-term fundamental base—regardless of whether the next psychological level is reached today or in several months.

Fundamentals remain strong

Despite a temporary decline of around 20 percent over the past month, the underlying data continues to show strength. Most recently, roughly 100 billion US dollars flowed back into Bitcoin’s market capitalization within 24 hours—an indication that buyers are becoming active at lower price levels.

Particularly noteworthy is the current reading of the MVRV-Z-Score, which, according to analyst Michael van de Poppe, is sitting at a historical low. This indicator compares Bitcoin’s current market price with the average realized purchase price of all coins in circulation, helping determine whether the market is over- or undervalued. Levels like the current one have only been reached in periods that preceded major trend reversals—such as after the 2018 bottom or following the FTX collapse in 2022. Both times, pronounced recovery phases followed.

A milestone for 21bitcoin

For 21bitcoin, November held special significance. On the one hand, we recorded the highest monthly trading volume in our company’s history—with a purchase share of 94 percent. This reflects how our users interpret the current market environment and the strong trust placed in a regulated European provider.

On the other hand, we achieved a milestone that goes far beyond operational success: the MiCAR CASP license issued by the Austrian Financial Market Authority (FMA). This European authorization enables us to offer Bitcoin services across the entire EEA—an economic area of more than 500 million people. For us, this is not merely a regulatory step, but the beginning of the next stage in our company’s development: building a comprehensive European Bitcoin financial ecosystem that combines stability, transparency, and regulatory certainty.

Note: Past performance is not indicative of future results.
Marketing communication, FIOR Digital GmbH

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