Winklevoss BTC Optimism: Gemini Cuts

Gemini's Transformation and Tyler Winklevoss's BTC Optimism

Gemini co-founder Tyler Winklevoss stated that he is optimistic due to the extreme pessimism in the crypto market. The company is withdrawing from the United Kingdom, EU, and Australia by laying off a quarter of its staff; focusing on the US and Singapore. Winklevoss Capital reduced its BTC holdings from 23,000 to below 11,000 according to Arkham data. Gemini's SEC report shows 2025 net income of 165-175 million $, monthly active users increased 17% to 600,000, but expenses rose to 520-530 million $.

Winklevoss Capital's decreasing BTC balance. Source: Arkham.

Gemini's spot share fell from 0.6% to 0.1%, value dropped from 4 billion to 700 million $. According to Bloomberg, additional cuts, CFTC-regulated prediction markets, custody, and credit card services are planned. COO, CFO, CLO departed; Cameron Winklevoss took on additional roles. Pessimism dominates the market: Miners are selling BTC, spot BTC detailed analysis ETFs are losing value, Fear & Greed Index is in extreme fear.

Gemini's 8-K report. Source: SEC.

Institutional BTC Sales and Market Pressure

In recent developments, Bitdeer zeroed out its 2,000 BTC, Turkish Net Holding ranks 74th with 352 BTC. US spot BTC ETFs experienced outflows in a short week. These sales are pressuring the BTC futures market.

BTC Technical Outlook: Strong Supports

• Price: $66,181 (-2.09% 24h)
• RSI: 34.13 (Oversold)
• Supports: S1 $64,072 (Strong), S2 $65,632
• Resistances: R1 $67,640 (Strong)
• Trend: Downtrend, Supertrend Bearish

Winklevoss's optimism could be a bottom-fishing signal for the BTC spot market.