{"id":6168,"date":"2025-08-15T05:30:49","date_gmt":"2025-08-15T05:30:49","guid":{"rendered":"https:\/\/www.coinspeaker.com\/fr\/?p=6168"},"modified":"2025-08-15T05:18:00","modified_gmt":"2025-08-15T05:18:00","slug":"bitcoin-ath-actions-tresor-bitcoin-stagnent","status":"publish","type":"post","link":"https:\/\/www.coinspeaker.com\/fr\/bitcoin-ath-actions-tresor-bitcoin-stagnent\/","title":{"rendered":"Le Bitcoin a r\u00e9alis\u00e9 un ATH, mais les actions du Tr\u00e9sor Bitcoin stagnent \u2013 pourquoi ?"},"content":{"rendered":"<h2>Flamb\u00e9e des prix et volumes de transactions en hausse<\/h2>\n<p>La hausse du Bitcoin a d\u00e9clench\u00e9 un bon nombre de transactions, avec un volume en augmentation de 31 %. Apr\u00e8s avoir r\u00e9alis\u00e9 un ATH (124 457 $), le <a rel=\"noopener noreferrer\" href=\"https:\/\/fr.wikipedia.org\/wiki\/Bitcoin\" target=\"_blank\">Bitcoin<\/a> a chut\u00e9 bri\u00e8vement sous les 120 000 $ \u00e0 cause des prises de b\u00e9n\u00e9fices. Ainsi, cela refl\u00e8te la <strong>volatilit\u00e9 constante du march\u00e9<\/strong>, malgr\u00e9 la solidit\u00e9 des performances r\u00e9centes.<\/p>\n<p>Cette nouvelle perc\u00e9e remet en question la logique des <strong>cycles traditionnels de quatre ans<\/strong> pour le Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"474\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Can&#39;t believe Bitcoin broke all-time-highs again. <\/p>\n<p>Limited mainstream coverage. Limited fanfare. <\/p>\n<p>In fact, perp funding rates are lower than in all previous ATH breaks. <\/p>\n<p>Even ETF flows weren&#39;t close to previous highs.<\/p>\n<p>Translation: Nowhere close to the top. <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/t.co\/ad3WbY6hBY\">pic.twitter.com\/ad3WbY6hBY<\/a><\/p>\n<p>&mdash; Nic (@nicrypto) <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/nicrypto\/status\/1955907501183918188?ref_src=twsrc%5Etfw\">August 14, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Ether suit \u00e9galement la tendance<\/h2>\n<p>L&rsquo;Ether, bien qu&rsquo;en hausse, est loin d\u2019atteindre son record de 2021. La crypto manque de peu les 4 800 $. Cependant, son <strong>augmentation de 20 % en 7 jours<\/strong> contraste avec la hausse timide de 2 % du Bitcoin. Ce mouvement refl\u00e8te une dynamique similaire, mais avec une volatilit\u00e9 moins marqu\u00e9e que celle de son pr\u00e9d\u00e9cesseur.<\/p>\n<h2>Les actions des soci\u00e9t\u00e9s de tr\u00e9sorerie Bitcoin sous-performent<\/h2>\n<p>Malgr\u00e9 la hausse du Bitcoin, les actions des soci\u00e9t\u00e9s de <strong>tr\u00e9sorerie Bitcoin<\/strong> ne connaissent pas de hausse comparable. Ces soci\u00e9t\u00e9s, comme <a rel=\"noopener noreferrer\" href=\"https:\/\/www.strategy.com\/\" target=\"_blank\">Strategy (MSTR)<\/a>, sont cens\u00e9es offrir une exposition au Bitcoin sans d\u00e9tenir directement l&rsquo;actif.<\/p>\n<p>Pourtant, au moment o\u00f9 Bitcoin a atteint son ATH, <strong>l\u2019action de MSTR avait chut\u00e9 de 16 %<\/strong> par rapport \u00e0 son pr\u00e9c\u00e9dent sommet. D&rsquo;autres soci\u00e9t\u00e9s comme Metaplanet et Nakamoto ont vu leurs actions chuter de 50 % \u00e0 80 %.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"474\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Can someone explain like I am 5? <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/t.co\/el4HYtDvcZ\">pic.twitter.com\/el4HYtDvcZ<\/a><\/p>\n<p>&mdash; Alexander J. Eser (@alexjeser) <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/alexjeser\/status\/1955966887952601447?ref_src=twsrc%5Etfw\">August 14, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Les facteurs sous-jacents de cette divergence<\/h2>\n<p>Les actions des soci\u00e9t\u00e9s de tr\u00e9sorerie Bitcoin souffrent de <strong>pr\u00e9occupations sur leur gestion des risques<\/strong>. C\u2019est aussi le cas pour l&rsquo;effet de levier, et de la sur\u00e9valuation lors des pics sp\u00e9culatifs.<\/p>\n<p>En fait, ces soci\u00e9t\u00e9s doivent d\u00e9montrer des fondamentaux solides. Concr\u00e8tement cela va au-del\u00e0 de la <strong>simple sp\u00e9culation sur le prix du Bitcoin<\/strong>. Les analystes pensent que la confiance des investisseurs d\u00e9pendra de la gestion du risque et de la dette de ces entreprises.<\/p>\n<h2>Des d\u00e9fis pour les soci\u00e9t\u00e9s de tr\u00e9sorerie<\/h2>\n<p>Les soci\u00e9t\u00e9s de tr\u00e9sorerie Bitcoin seraient sous pression \u00e0 cause des <strong>nouvelles entreprises qui v\u00e9n\u00e8rent les autres cryptos<\/strong>, comme l&rsquo;<a href=\"https:\/\/www.coinspeaker.com\/fr\/sol-eth-avenir-incertain\/\">Ether<\/a>.<\/p>\n<p>En parall\u00e8le, quelques ETF Bitcoin continuent d\u2019afficher une forte corr\u00e9lation avec les performances du BTC. De ce fait, ils attirent les <strong>investisseurs traditionnels<\/strong>. Cependant, la volatilit\u00e9 du march\u00e9 reste un obstacle majeur pour ces entreprises.<\/p>\n<h2>Perspectives et gestion des risques<\/h2>\n<p>La probabilit\u00e9 de l\u2019effondrement des soci\u00e9t\u00e9s de <a rel=\"noopener noreferrer\" href=\"https:\/\/bitcointreasuries.net\/\" target=\"_blank\">tr\u00e9sorerie Bitcoin<\/a> reste <strong>faible<\/strong>, car le BTC est d\u00e9sormais un actif viable. Toutefois, ces entreprises doivent soigner leurs strat\u00e9gies de risque et leur exposition \u00e0 la dette pour \u00e9viter de graves turbulences.<\/p>\n<p>Tant qu&rsquo;elles g\u00e8rent la volatilit\u00e9 du Bitcoin de mani\u00e8re <strong>prudente<\/strong>, elles devraient \u00e9viter un effondrement.<\/p>\n<div id=\"attachment_6171\" style=\"width: 1124px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-6171\" class=\"size-full wp-image-6171\" src=\"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/08\/Screenshot-2025-08-15-085824.png\" alt=\"La performance de BTC\" width=\"1114\" height=\"722\" srcset=\"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/08\/Screenshot-2025-08-15-085824.png 1114w, https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/08\/Screenshot-2025-08-15-085824-300x194.png 300w, https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/08\/Screenshot-2025-08-15-085824-1024x664.png 1024w, https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/08\/Screenshot-2025-08-15-085824-768x498.png 768w\" sizes=\"auto, (max-width: 1114px) 100vw, 1114px\" \/><p id=\"caption-attachment-6171\" class=\"wp-caption-text\">Source : CoinGecko<\/p><\/div>\n<h2>Signes de stabilit\u00e9 malgr\u00e9 la volatilit\u00e9<\/h2>\n<p>Malgr\u00e9 la pression \u00e0 la vente et les difficult\u00e9s des soci\u00e9t\u00e9s de tr\u00e9sorerie, des <strong>signes de stabilit\u00e9 \u00e9mergent<\/strong>.<\/p>\n<p><a rel=\"noopener noreferrer\" href=\"https:\/\/www.ark-invest.com\/\" target=\"_blank\">Ark Invest<\/a> a r\u00e9cemment investi 170 millions de dollars dans la soci\u00e9t\u00e9 Bullish, une nouvelle tr\u00e9sorerie Bitcoin lanc\u00e9e par Peter Thiel. Cela montre qu&rsquo;il existe encore un int\u00e9r\u00eat institutionnel pour le secteur, m\u00eame dans un environnement volatile.<\/p>\n<p>Suite \u00e0 cela, la pr\u00e9vente de Bitcoin Hyper suscite un vif int\u00e9r\u00eat, avec des attentes croissantes pour sa capacit\u00e9 \u00e0 scaler Bitcoin. Cette initiative pourrait offrir des solutions innovantes pour l\u2019int\u00e9gration de Bitcoin dans les \u00e9cosyst\u00e8mes DeFi et meme coins.<\/p>\n<hr \/>\n<p>Source :\u00a0 <a rel=\"noopener noreferrer\" href=\"https:\/\/www.mitrade.com\/au\/insights\/news\/live-news\/article-3-1040211-20250814\" target=\"_blank\">Mitrade<\/a><\/p>\n<p>\u00c0 lire aussi :<\/p>\n<ul>\n<li><a href=\"https:\/\/www.coinspeaker.com\/fr\/bitcoin-double-amazon\/\">Bitcoin double Amazon et s\u2019installe dans le top 6 mondial des actifs<\/a><\/li>\n<li><a href=\"https:\/\/www.coinspeaker.com\/fr\/atm-bitcoin-wisconsin\/\">ATM Bitcoin : le Wisconsin impose KYC et limite \u00e0 1 000 $<\/a><\/li>\n<\/ul>\n<a class=\"infinscroll_next_page_link\" style=\"display:none\" href=\"https:\/\/www.coinspeaker.com\/fr\/paypal-blackrock-vont-ils-faire-plonger-arb\/\" rel=\"prev\">next<\/a>","protected":false},"excerpt":{"rendered":"<p>Le 13 ao\u00fbt 2025, le Bitcoin a atteint un prix record de 124 457 $ et a \u00e9tabli un nouveau sommet historique.<\/p>\n<p>Toutefois, malgr\u00e9 cette performance exceptionnelle, les actions des soci\u00e9t\u00e9s de tr\u00e9sorerie Bitcoin peinent \u00e0 suivre la m\u00eame dynamique.<\/p>\n","protected":false},"author":220,"featured_media":6173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,33],"tags":[],"class_list":["post-6168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actu","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Le Bitcoin a r\u00e9alis\u00e9 un ATH, mais les actions du Tr\u00e9sor Bitcoin stagnent \u2013 pourquoi ?<\/title>\n<meta name=\"description\" content=\"Le 13 ao\u00fbt 2025, le Bitcoin a atteint un prix record de 124 457 $ et a \u00e9tabli un nouveau sommet 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