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GameStop has announced "Buying Bitcoin as Company Reserve," causing a 7% surge. Michael Saylor: Welcome to the BTC Revolution Army
Original Title: "GameStop Announces 'Buying Bitcoin as Company Reserve,' Surges 7%, Michael Saylor: Welcome to the BTC Revolution Army"
Original Source: Bitpush
Over the past 24 hours, the cryptocurrency market has seen a mild rebound, with the price of Bitcoin trading narrowly around $87,400 and Ethereum experiencing a slight pullback to $2,070. Among the major coins, Solana (SOL) has risen against the trend by 2%, reaching a daily high of $146.
As of March 26, the total cryptocurrency market cap has slightly increased by 0.4% to $2.87 trillion, while the Fear & Greed Index has dropped to 34, indicating that investors remain cautious.
GameStop Enters Bitcoin Space
It is worth noting that the former "Wall Street meme" stock, video game retailer GameStop, officially announced on the 25th local time that its board of directors unanimously voted to include Bitcoin in its balance sheet reserve, propelling GameStop to surge 7% in after-hours trading to $27.19.
In fact, there were signs of this decision earlier: two months ago, after a photo of GameStop CEO Ryan Cohen meeting with BTC's top supporter Michael Saylor surfaced, the major shareholder of GameStop, Strive Asset Management, publicly urged the company to emulate MicroStrategy's treasury strategy. Strive CEO Matt Cole stated at the time, "We believe GameStop can improve its financial condition by purchasing Bitcoin, which is a strategic allocation."
Additionally, Michael Saylor also tweeted this morning to congratulate GameStop on joining the Bitcoin ranks.
Is Bitcoin Emerging from the Correction?
On-chain data has revealed a new trend in fund flows. CryptoQuant data shows that despite the stable price of Bitcoin, there has been a key signal in on-chain data:
· Institutional-grade Fund Flows: In the past 24 hours, there have been 17 transactions of over $100 million in BTC, with the total on-chain transfer volume skyrocketing by 268%, reaching a nearly three-month high.
· Exchange Flow Dynamics: Coinbase saw the highest 0.3% premium, while exchange BTC reserves decreased by 1%, with approximately 12,000 bitcoins flowing into cold wallets. This "low volatility, high liquidity" trend suggests that institutional investors may be undergoing a large-scale asset custody transfer.
· Derivatives Market Adjustment: Perpetual contract funding rates have returned to the neutral zone of 0.01%, and the options volatility surface shows a put/call ratio (PCR) decrease to 0.85, implying a slightly bullish market sentiment.
Additionally, the Bitcoin Unrealized Profit/Loss (NUPL) indicator has dropped from 0.68 last week to 0.55, indicating that some short-term holders have begun to take profits. However, Glassnode data shows an increase of 12 addresses holding over a thousand BTC, suggesting that whale accounts are quietly accumulating.
Hani Abuagla, Senior Analyst at XTB MENA, believes that Bitcoin is experiencing the second deep correction in this cycle. If expectations of a Fed rate cut resonate with relaxed trade policies, the possibility of Bitcoin breaking $100,000 in the spring still exists.
Macroeconomic Variables: PCE Data Becomes a Key Touchstone
This Friday (March 28), the US will release the February Core PCE Price Index, which could be a key variable to disrupt market equilibrium. As the inflation gauge most closely watched by the Fed, the market expects the year-over-year core PCE growth rate to tick up slightly from 2.6% in January to 2.7%. If the data shows a higher-than-expected increase, it could further delay market expectations of a rate cut.
Currently, the CME FedWatch tool indicates that traders' expectations for the magnitude of a Fed rate cut this year have narrowed to 50-75 basis points, and the first rate cut could be delayed until the third quarter. If the PCE data strengthens expectations of "inflation stickiness," US bond yields may rise again, leading to a stronger dollar or short-term pressure on risk assets. In the current market context, even small fluctuations in inflation data can indirectly influence the trajectory of the crypto market by altering liquidity expectations.
A TradingView analyst suggests that for short-term traders, they can focus on the breakout direction of Bitcoin's $87,000 support level and $90,000 resistance level, combined with options strategies when IV is at a low point. For medium to long-term holders, the on-chain MVRV ratio (1.98) is still below the historical bull market peak (3.5), the distribution of holder addresses is healthy, and accumulating on dips in batches remains a viable strategy.
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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.
The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.
Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.
Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.
The trading process has been streamlined into five steps:
· Choose the trading asset
· Select long or short
· Input position size and leverage
· Confirm order details
· Confirm and open the position
The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.
Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:
· End-to-end encrypted private groups supporting up to 1024 members
· End-to-end encrypted voice communication
· One-click position sharing
· One-click trade copying
On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.
By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.
Mixin has also introduced a referral incentive system based on trading behavior:
· Users can join with an invite code
· Up to 60% of trading fees as referral rewards
· Incentive mechanism designed for long-term, sustainable earnings
This model aims to drive user-driven network expansion and organic growth.
Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:
· Separation of transaction account and asset storage
· User full control over assets
· Platform does not custody user funds
· Built-in privacy mechanisms to reduce data exposure
The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.
Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.
The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.
Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.
This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."
The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.
Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.
Its core capabilities include:
· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations
· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets
· Decentralization: achieving full user control over assets without relying on custodial intermediaries
· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication
Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.
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