Crypto Treasury Firms Strained as Bitcoin Drops Below $117K

I’m concerned by the sharp drop in digital asset treasury firms after Bitcoin tumbled below $117,000 and Ether slid toward $4,400. The move is already pressuring balance sheets for firms holding large crypto reserves.

Market structure looks fragile: thinner liquidity, clustered stop losses, and the potential for forced selling if prices push lower. That raises counterparty and valuation risk across treasury-heavy issuers.

I’m reducing unhedged exposure and recommending hedges or protective sizing until clear support and reduced volatility return.