As per TechFlow, the crypto market lost $14 trillion in value over six weeks in late 2025, triggering severe liquidity issues for digital asset treasury (DAT) companies. Bitcoin nearly broke $80,000, and Ethereum fell over 40%. MicroStrategy faces potential removal from the MSCI index, which could trigger $116 billion in forced selling. Bitmine, with $3.6 billion in paper losses, resorted to a controversial 'toxic financing' deal. The collapse of the 'flywheel' model, once a bullish driver, has turned into a death spiral as market conditions reverse.
DAT Companies Face Liquidity Crisis as Market Crashes 14 Trillion Dollars in Six Weeks
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