{"id":23159,"date":"2026-07-27T08:48:42","date_gmt":"2026-07-27T08:48:42","guid":{"rendered":"https:\/\/www.coinspeaker.com\/fr\/?p=23159"},"modified":"2026-07-27T08:48:42","modified_gmt":"2026-07-27T08:48:42","slug":"bitcoin-le-rapport-q2-de-strategy-menace-le-support-des-60k","status":"publish","type":"post","link":"https:\/\/www.coinspeaker.com\/fr\/bitcoin-le-rapport-q2-de-strategy-menace-le-support-des-60k\/","title":{"rendered":"Bitcoin : Le rapport Q2 de Strategy menace le support des 60k$"},"content":{"rendered":"<p>Le cours du <strong>Bitcoin<\/strong> s&rsquo;\u00e9change actuellement autour de 65 150 $, affichant une baisse de 0,8 % sur les derni\u00e8res 24 heures. Au-del\u00e0 des taux macro\u00e9conomiques ou des flux des ETF, le risque majeur identifi\u00e9 sous ce niveau de prix r\u00e9side dans la publication prochaine du rapport de r\u00e9sultats du deuxi\u00e8me trimestre de <strong>Strategy (MSTR)<\/strong>, pr\u00e9vue pour le 31 juillet.<\/p>\r\n<p>En tant que plus grand d\u00e9tenteur public de Bitcoin, la d\u00e9gradation des indicateurs financiers de l&rsquo;entreprise pourrait peser directement sur le <strong>BTC<\/strong>. Au premier trimestre 2026, Strategy a enregistr\u00e9 une perte d&rsquo;exploitation de 14,5 milliards de dollars, principalement due \u00e0 la baisse des prix du Bitcoin, malgr\u00e9 une croissance de son chiffre d&rsquo;affaires logiciel s&rsquo;\u00e9levant \u00e0 124,3 millions de dollars.<\/p>\r\n\r\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2026\/07\/content-img-1-24.jpg\" alt=\"\" \/><\/figure>\r\n\r\n<p>(<a href=\"https:\/\/www.coingecko.com\/en\/treasuries\/companies\/strategy\" target=\"_blank\" rel=\"noopener\">SOURCE : CoinGecko<\/a>)<\/p>\r\n<p>Les mesures d&rsquo;accr\u00e9tion se sont d\u00e9t\u00e9rior\u00e9es : le rendement du Bitcoin est tomb\u00e9 \u00e0 5,8 % et la croissance du nombre de Bitcoins par action a ralenti \u00e0 8 % en glissement annuel. Le consensus pour le deuxi\u00e8me trimestre \u00e9tabli par le <strong>London Stock Exchange Group (LSEG)<\/strong> anticipe pourtant un retour \u00e0 un b\u00e9n\u00e9fice d&rsquo;exploitation de 3,86 milliards de dollars.<\/p>\r\n<p>Ces pr\u00e9visions reposent sur un nombre limit\u00e9 d&rsquo;estimations d&rsquo;analystes et pourraient r\u00e9server une surprise n\u00e9gative, d&rsquo;autant plus que le Bitcoin a chut\u00e9 vers 59 100 $ au cours du deuxi\u00e8me trimestre, contre environ 68 100 $ \u00e0 la fin du premier trimestre.<\/p>\r\n<h2>Le Bitcoin peut-il tenir les 60 000 $ face au risque mNAV de Strategy ?<\/h2>\r\n<p><blockquote class=\"twitter-tweet\" data-width=\"474\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Strategy holds over $51,000,000,000,000 <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>.<br><br>But the company itself is now valued at just $29.5 billion.<br><br>For years, investors treated <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/x.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> like a leveraged Bitcoin ETF.<br><br>The model was simple:<br><br>Issue more shares \u2192 Buy more Bitcoin \u2192 BTC goes higher \u2192 Investors keep paying a\u2026<\/p>&mdash; Ted (@TedPillows) <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/x.com\/TedPillows\/status\/2070856646679498898?ref_src=twsrc%5Etfw\">June 27, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\r\n<p>La zone comprise entre 60 000 $ et 61 000 $ constitue d\u00e9sormais une bande de support critique. Une rupture franche de ce niveau ouvrirait la voie vers les 55 000 $, o\u00f9 se situe le prochain p\u00f4le de demande substantiel. \u00c0 l&rsquo;inverse, la r\u00e9sistance se situe entre 66 000 $ et 68 000 $, les sommets pr\u00e9c\u00e9dents au-dessus de 70 000 $ repr\u00e9sentant l&rsquo;objectif du sc\u00e9nario haussier.<\/p>\r\n<p>Trois sc\u00e9narios se dessinent pour l&rsquo;\u00e9volution \u00e0 court terme :<\/p>\r\n<ol>\r\n<li><strong>Le sc\u00e9nario haussier :<\/strong> les donn\u00e9es macro\u00e9conomiques deviennent favorables, les flux entrants dans les ETF Bitcoin au comptant reprennent, et le BTC reconquiert la zone des 60 000 $ sup\u00e9rieurs. L&rsquo;mNAV de Strategy se stabilise au-dessus de 1,22x, pr\u00e9servant le mod\u00e8le d&rsquo;accr\u00e9tion.<\/li>\r\n<li><strong>Le sc\u00e9nario de base :<\/strong> le prix du Bitcoin oscille entre 60 000 $ et 65 000 $ pendant que l&rsquo;int\u00e9r\u00eat ouvert se normalise. Les traders attendent les signaux de la R\u00e9serve f\u00e9d\u00e9rale, avec une mNAV gravitant autour de la parit\u00e9.<\/li>\r\n<li><strong>Le sc\u00e9nario baissier :<\/strong> le support des 60 000 $ c\u00e8de, l&rsquo;mNAV retombe vers ou sous le plancher de 0,99x atteint fin juin, et <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/www.coinspeaker.com\/bitcoin-price-strategy-btc-sales\/\">la perspective d&rsquo;une vente forc\u00e9e de BTC<\/a> par Strategy introduit une pression vendeuse structurelle r\u00e9elle.<\/li>\r\n<\/ol>\r\n<p>Ce dernier sc\u00e9nario est celui que la plupart des traders sous-estiment. Lorsque l&rsquo;mNAV est inf\u00e9rieure \u00e0 1,22x (le seuil de rentabilit\u00e9 d\u00e9clar\u00e9 par la direction une fois la dette et les actions privil\u00e9gi\u00e9es int\u00e9gr\u00e9es), <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/www.coinspeaker.com\/bitcoin-price-strategy-buying-pressure\/\">chaque \u00e9mission d&rsquo;actions d\u00e9truit de la valeur<\/a> au lieu d&rsquo;en cr\u00e9er. La pression acheteuse que Strategy apportait historiquement au Bitcoin s&rsquo;\u00e9vapore alors.<\/p>\r\n<p>Le mod\u00e8le qui a fait de MSTR un proxy \u00e0 effet de levier du Bitcoin ne fonctionne qu&rsquo;avec une prime. Sans cette derni\u00e8re, Strategy passe du statut d&rsquo;accumulateur \u00e0 celui de simple d\u00e9tenteur, un changement subtil mais lourd de cons\u00e9quences pour la structure du march\u00e9.<\/p>\r\n<h2>Bitcoin Hyper cible l&rsquo;infrastructure pendant que le BTC stagne<\/h2>\r\n<p>Les investisseurs qui observent la stagnation du Bitcoin face \u00e0 l&rsquo;affaiblissement du soutien structurel de Strategy se tournent de plus en plus vers des expositions pr\u00e9coces au sein de l&rsquo;\u00e9cosyst\u00e8me Bitcoin. Ces segments offrent un potentiel de hausse asym\u00e9trique et une action des prix d\u00e9corr\u00e9l\u00e9e de la volatilit\u00e9 du BTC au comptant.<\/p>\r\n<p><a href=\"https:\/\/www.coinspeaker.com\/fr\/go\/bitcoinhyper\" target=\"_blank\" rel=\"nofollow sponsored\">Bitcoin Hyper ($HYPER)<\/a> se positionne sur cette couche d&rsquo;infrastructure. Il s&rsquo;agit de la premi\u00e8re solution de couche 2 (Layer 2) pour Bitcoin int\u00e9grant la Solana Virtual Machine (SVM), visant une finalit\u00e9 de transaction en moins d&rsquo;une seconde et l&rsquo;ex\u00e9cution de contrats intelligents \u00e0 faible co\u00fbt, tout en conservant le mod\u00e8le de s\u00e9curit\u00e9 sous-jacent de Bitcoin.<\/p>\r\n<p>Le projet s&rsquo;attaque aux contraintes majeures de Bitcoin \u2014 lenteur, frais \u00e9lev\u00e9s et programmabilit\u00e9 limit\u00e9e \u2014 via un pont canonique d\u00e9centralis\u00e9 pour les transferts de BTC et une ex\u00e9cution bas\u00e9e sur la SVM qui, selon l&rsquo;\u00e9quipe, surpasse Solana en termes de latence de transaction.<\/p>\r\n<p>La pr\u00e9vente a d\u00e9j\u00e0 lev\u00e9 32 977 147,17 $ avec un prix actuel du jeton \u00e0 0,0136835 $, et des options de staking sont propos\u00e9es aux participants.<\/p><a class=\"infinscroll_next_page_link\" style=\"display:none\" href=\"https:\/\/www.coinspeaker.com\/fr\/bitcoin-hyper-franchit-le-cap-des-33-millions\/\" rel=\"prev\">next<\/a>","protected":false},"excerpt":{"rendered":"<p>Le cours du Bitcoin stagne \u00e0 65 150 $. Les analystes surveillent les r\u00e9sultats de Strategy le 31 juillet, un tournant critique pour le support des 60 000 $.<\/p>\n","protected":false},"author":200,"featured_media":23157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actu"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin : Le rapport Q2 de Strategy menace le support des 60k$<\/title>\n<meta name=\"description\" content=\"Bitcoin stagne \u00e0 65 150$. 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Les analystes surveillent les r\u00e9sultats de Strategy le 31 juillet, tournant critique pour le support des 60K$","og_url":"https:\/\/www.coinspeaker.com\/fr\/bitcoin-le-rapport-q2-de-strategy-menace-le-support-des-60k\/","og_site_name":"Coinspeaker France","article_published_time":"2026-07-27T08:48:42+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2026\/07\/bitcoin-price-strategy-q2-earnings-risk-analysis-featured.jpg","type":"image\/jpeg"}],"author":"Emmanuel Roux","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"Emmanuel Roux","Dur\u00e9e de lecture estim\u00e9e":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.coinspeaker.com\/fr\/bitcoin-le-rapport-q2-de-strategy-menace-le-support-des-60k\/#article","isPartOf":{"@id":"https:\/\/www.coinspeaker.com\/fr\/bitcoin-le-rapport-q2-de-strategy-menace-le-support-des-60k\/"},"author":{"name":"Emmanuel Roux","@id":"https:\/\/www.coinspeaker.com\/fr\/#\/schema\/person\/cd746f0f0b55932ac38810aadfc14ee7"},"headline":"Bitcoin : Le rapport Q2 de Strategy menace le support des 60k$","datePublished":"2026-07-27T08:48:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.coinspeaker.com\/fr\/bitcoin-le-rapport-q2-de-strategy-menace-le-support-des-60k\/"},"wordCount":769,"commentCount":0,"image":{"@id":"https:\/\/www.coinspeaker.com\/fr\/bitcoin-le-rapport-q2-de-strategy-menace-le-support-des-60k\/#primaryimage"},"thumbnailUrl":"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2026\/07\/bitcoin-price-strategy-q2-earnings-risk-analysis-featured.jpg","articleSection":["Actualit\u00e9s"],"inLanguage":"fr-FR","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.coinspeaker.com\/fr\/bitcoin-le-rapport-q2-de-strategy-menace-le-support-des-60k\/#respond"]}],"copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/www.coinspeaker.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.coinspeaker.com\/fr\/bitcoin-le-rapport-q2-de-strategy-menace-le-support-des-60k\/","url":"https:\/\/www.coinspeaker.com\/fr\/bitcoin-le-rapport-q2-de-strategy-menace-le-support-des-60k\/","name":"Bitcoin : Le rapport Q2 de Strategy menace le support des 60k$","isPartOf":{"@id":"https:\/\/www.coinspeaker.com\/fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.coinspeaker.com\/fr\/bitcoin-le-rapport-q2-de-strategy-menace-le-support-des-60k\/#primaryimage"},"image":{"@id":"https:\/\/www.coinspeaker.com\/fr\/bitcoin-le-rapport-q2-de-strategy-menace-le-support-des-60k\/#primaryimage"},"thumbnailUrl":"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2026\/07\/bitcoin-price-strategy-q2-earnings-risk-analysis-featured.jpg","datePublished":"2026-07-27T08:48:42+00:00","author":{"@id":"https:\/\/www.coinspeaker.com\/fr\/#\/schema\/person\/cd746f0f0b55932ac38810aadfc14ee7"},"description":"Bitcoin stagne \u00e0 65 150$. 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Je souhaite y apporter mon approche analytique et rationnelle, tout en conservant ma curiosit\u00e9. En dehors de l\u2019\u00e9cran, je lis beaucoup (\u00e9conomie, essais, un peu de science-fiction) et je prends plaisir \u00e0 bricoler. Le DIY, pour moi, c\u2019est comme la crypto : comprendre, tester, construire soi-m\u00eame.","url":"https:\/\/www.coinspeaker.com\/fr\/author\/emmanuel\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/23159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/users\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/comments?post=23159"}],"version-history":[{"count":1,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/23159\/revisions"}],"predecessor-version":[{"id":23167,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/23159\/revisions\/23167"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/media\/23157"}],"wp:attachment":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/media?parent=23159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/categories?post=23159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/tags?post=23159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}