Bitcoin’s Decentralization Narrative Under Fire After Epstein Files Claims

A NewsBTC piece argues that recently leaked Epstein files and social-media claims suggesting state-level influence over Bitcoin’s development and tether issuance are undermining Bitcoin’s decentralization narrative — a potential reputational risk that could increase sell pressure. On-chain metrics cited show extreme stress: peak net realized losses approached ~$1 billion per day and selling came mainly from 3–6 month holders, while 6–12 month holders are beginning to show strain — a pattern associated with late-stage bear dynamics. Price action is described as stretched (7 of the last 8 two-day candles closed green), BTC trading near $75,033, and technicals flagged as overbought, heightening the risk of a sharp downside liquidation event.