Bitcoin Tests $102,980 Support as Hash Price Falls to $42 and Treasury Firms Hold $120 Million in Unrealized Losses

Bitcoin trades at approximately $102,001 after a 7.72% weekly decline, testing the 50-week simple moving average at $102,980 for the fourth time. Hash price has declined to $42 per petahash per second, approaching break-even levels following April's halving. Treasury companies including Strategy and Metaplanet carry over $120 million in unrealized losses as bitcoin exchange-traded fund outflows reach $2.3 billion from the peak.