What To Know:
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Metaplanet’s 30,823 BTC stack now sits at nearly 17 percent unrealized losses, with its stock sliding back to April 2025 levels.
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Bitcoin and Ethereum extended sharp declines, driving broad market selloffs, 815 million dollars in liquidations, and continued ETF outflows.
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CEO Simon Gerovich said the company will stick to its long term accumulation strategy despite deepening market pressure and weakening sentiment.
Metaplanet is struggling with growing pressure as the sharp downturn in digital assets pushes its Bitcoin position deeper into the red. Data from BitcoinTreasuries reveal the Japanese firm now holds 30,823 BTC, valued at roughly 2.78 billion dollars. The company accumulated Bitcoin at an average cost of 108,036 dollars, leaving it with unrealized losses of nearly 17 percent. The decline has weighed heavily on its stock. Prices have fallen back to levels last seen in April 2025, erasing months of gains.
Metaplanet Faces Bitcoin Losses
The slide arrived during one of the most volatile stretches for crypto markets this year. Bitcoin has dropped almost 30 percent from its October peak above 126,000 dollars. The token touched an intraday low of 90,250 dollars on Tuesday. That marked its weakest point since April. Even Ethereum followed the same direction. The asset fell about 40 percent from recent highs and briefly slipped below the 3,000 dollar level before stabilizing near 2,983 dollars.
Both assets extended losses over the past 24 hours. Bitcoin fell more than 5 percent and Ethereum, too, slipped by about 5.5%. Major altcoins also retreated with XRP, BNB, Solana, Tron, Dogecoin and Cardano declining by nearly 5 percent. Hyperliquid was the single standout performer with a gain of about 4.24 percent. The global crypto market capitalisation fell 4.05 percent to 3.1 trillion dollars.
Selling pressure deepened across derivatives markets and exchange traded products. Liquidations crossed 815 million dollars. ETF flows added to the strain. Redemptions have continued for a third straight week and have now reached 2 billion dollars. That marks the heaviest withdrawal streak since February. Bitcoin has now erased all gains from earlier in the year and is trading near six month lows close to 91,000 dollars.
Amid the turbulence, Simon Gerovich, chief executive of Metaplanet, said the company will maintain its current approach. His statement focused on long term value and the belief that the asset will reward consistent accumulation. The message signaled stability rather than adjustment during the downturn.
今日のような相場でも、当社の戦略は変わりません。短期的な価格変動がご心配をおかけすることもあるかと思いますが、当社は今後も長期的な価値の積み上げに注力してまいります。
Even on days like today, our strategy remains unchanged. While short-term movements can be unsettling, our focus…
— Simon Gerovich (@gerovich) November 18, 2025
The market situation reflects a broader deterioration in sentiment. Fear indicators signal extreme caution. Positioning has reset across exchanges, and several desks are watching critical support levels to gauge whether new capital will enter. Subburaj, a market analyst, noted that the next stretch of trading will show whether buyers are willing to absorb the supply created by the recent liquidation cycle.
The macro backdrop has intensified the pressure. Traders are reassessing the probability of a Federal Reserve rate cut in December. Expectations have fallen below a 50 percent chance. That shift has settled risk appetite and dragged on equities after a strong summer rally. Crypto assets have reacted sharply to the change. Market participants now face a combination of stretched valuations, tightening financial conditions and reduced conviction across speculative markets.
Earlier turbulence in October set the stage for the current pullback. That selloff triggered more than 19 billion dollars in liquidations and erased over 1 trillion dollars in market value. Retail involvement has thinned significantly. Dip buying has slowed. Interest in smaller tokens has weakened further. Institutions with large positions, including several publicly listed treasuries, have been forced to review exposures as prices slip below key acquisition levels.
Options traders appear positioned for additional declines. Demand for protection near the 85,000 dollar and 80,000 dollar strikes has dominated recent flows. These positions show a market preparing for prolonged volatility.
Metaplanet now sits at the center of this moment. Its strategy of accumulating Bitcoin brought it into the same category as other corporate holders such as Strategy Inc., MARA and Bullish and the latest downturn has tested that strategy.
Also Read: Bitcoin Falls Below $100,000 as Market Debates Direction of the Cycle
