TronWeekly

Crypto World News

You are here: Home / Archives for Bitcoin (BTC)

Bitcoin (BTC)

MicroStrategy’s $100B Market Milestone Shakes U.S. Stock Rankings

by

Key Takeaways:

  • MicroStrategy’s trading activity outpaced Tesla and Nvidia, marking a historic market moment.
  • The company issued $2.6 billion in zero-interest convertible senior notes, drawing significant attention.
  • Investors view MicroStrategy’s Bitcoin-centric strategy as a game-changing accumulation model.

MicroStrategy witnessed an extraordinary surge in trading activity today, surpassing major U.S. stocks like Tesla and Nvidia. That milestone, coupled with the announcement of a $2.6 billion zero-interest convertible senior notes issuance, rocketed MicroStrategy’s market value past $100 billion briefly. Traders stampeded to $MSTR, placing it as the most traded stock in the U.S., even outpacing ETFs like $SPY.

Bloomberg’s Eric Balchunas described the action as “wild times,” suggesting the kind of trading volume dominance seen with this stock hasn’t been witnessed since the historic GameStop rally. The leveraged ETFs related to the company, such as $MSTU and $MSTX, also became wildly popular, joining the top 10 most traded ETFs for the day.

image 66

Investors Bet Big on MicroStrategy’s Bitcoin Strategy

The zero-interest bonds issued at a 55% premium got investors’ attention. According to analysts, the conversion price set at $767 per share puts investors in a position to pay an implied $520,234 per Bitcoin, much higher than the current market price of Bitcoin. This bold move sets confidence in MicroStrategy’s long-term Bitcoin strategy.

Thus far, since the beginning of its Bitcoin accumulation, it has increased its BTC holdings per share by more than 565.5%, hence growing at a rate of roughly 140% annually. Investors view this as a fixed-price entry into what some call “the largest Bitcoin accumulation machine in corporate history.”

Beyond Bitcoin: A Perpetual Accumulation Engine

To MicroStrategy, it is not just a question of holding the cryptocurrency. Each issuance actually reinforces its Bitcoin backing per share going into a kind of self-reinforcing flywheel to compound returns over time. According to analysts, such an accumulation model, topping it off with zero-interest debt, has made the company a leader in corporate Bitcoin adoption.

There’s speculation that geopolitical factors, including influential favoring of Bitcoin, for example, by Donald Trump, might set Bitcoin’s institutional appeal alight. The effect would be profound if businesses started taking the MicroStrategy model and applying it to corporate finance.

This audacious play by MicroStrategy not only cements its Bitcoin bullishness but underlines a broader narrative: the incorporation of Bitcoin into mainstream financial systems accelerates. Investors are not merely betting on today’s price actions but are making bets on the transformative potential of tomorrow.

Related Reading | XRP Bulls Eye $15 Target as Whale Buying Spree Pushes Price to New Heights

$62.9B Inflows Push Bitcoin To Record Highs Amid ETF Boom

by

Key Takeaways:

  • Bitcoin hits a new all-time high at $94k, outpacing traditional assets like Gold and Silver.
  • $62.9 billion inflows in 30 days signal strong market confidence, driven by ETFs and the spot market.
  • Long-term holders show increased profit-taking behavior, but institutional demand from ETFs offsets selling pressure.

Bitcoin’s relentless ascent continued this week, with its price reaching a fresh all-time high of $94k. Over the past month, capital inflows have surged, adding $62.9 billion to the market, highlighting renewed investor interest. The cryptocurrency’s market cap has soared to $1.796 trillion, surpassing Silver and nearing Amazon’s valuation, according to Glassnode’s latest report.

image 66 4
Source: Glassnode

Because of this, historical patterns hint at the cyclicality of Bitcoin, reminding one that consistent trends seem to appear within market cycles. This is also true for the current bull, mostly regarding duration and magnitude-thus underpinning the strong position of Bitcoin as a digital asset.

With its quarterly performance up 61.3%, Bitcoin is outperforming Gold, up 5.3%, and Silver, up 8.0%, which may suggest capital in the industry continues to shift into the cryptocurrency space away from its more traditional stores of value.

image 67
Source: Glassnode

Bitcoin Long-Term Holders Eye Profit-Taking

As the price of Bitcoin surges above key psychological levels, the long-term holder is increasingly in profit. According to the data, 100% of the 14 million BTC held by LTHs are now in profit. During the month, 200k BTC has re-entered the market, with this number reflective of heightened selling activity.

The MVRV Ratio, being a metric of unrealized profitability, exhibits overheated levels, which signal high profit-taking. This, on the other hand, usually promises prolonged bull runs underpinned by solid incoming capital.

image 66 7
Source: Glassnode

This is, more so, institutional demand driven by U.S. Spot ETFs, which have mostly stabilized and absorbed most of the selling pressure coming from LTHs. Since October, ETFs have acquired more than 128k BTC, underlining their growing influence on market dynamics.

ETFs Counterbalance Selling Pressure

The spot ETFs have grown into a powerhouse that has attracted between $1 billion and $2 billion of new money each week since the middle of October. This institutional buying has counterbalanced the net selling pressure from the long-term holders to keep the market in a state of balance.

However, for the past weeks, LTH selling pressure has slightly bid over the buying pressure coming from ETFs, a similar price action to the early part of this year. This might result in some short-term consolidation; however, it sets the stage for new potential highs.

image 66 9
Source: Glassnode

Regardless, the market trend will still be hotly determined by the demand of institutions and long-term holders’ behavior. The persistent inflow has indicated further confidence in Bitcoin’s role as a worldwide leading asset; hence, momentum is most likely to extend through the next phases of the bull cycle.

Related Reading | Bonk Hits New All-Time High, Surpasses $4 Billion Market Cap

Michael Saylor Champions Bitcoin in Microsoft Board 3-Minute Pitch

by

  • Saylor crafts a brief Bitcoin pitch for Microsoft.
  • Microsoft Considers Bitcoin Investment Vote
  • Microsoft Decision May Shape Crypto Markets

MicroStrategy’s Chairman and Pro-Bitcoin Analyst, Michael Saylor, is slated to deliver a concise, three-minute presentation to Microsoft’s board. This pivotal presentation is set to take place after an initial denial for a private meeting with CEO Satya Nadella. It aims to propel Bitcoin into Microsoft’s financial strategy, potentially setting a precedent for other tech giants.

Michael Saylor to Pitch Bitcoin to Microsoft Board

MicroStrategy Chairman, Michael Saylor, is set to make a major presentation to Microsoft’s board of directors. Saylors proposal seeks to demonstrate the benefits of Bitcoin investments. 

The proposal comes after he failed to secure a private meeting with Microsoft CEO, Satya Nadella and decided to pursue a more direct approach to the board of directors. Saylor’s presentation is condensed into a crucial three minute window to spark interest in Bitcoin as a strategic corporate asset.

An activist’s encouragement catalyzed the proposal, emphasizing on the limited time Saylor had for the process. Announced on November 19 at an X Space hosted by VanEck, this presentation reveals Saylor’s determination for seeing Bitcoin in the forefront of corporate investment strategies.  Also, it reflects MicroStrategy’s increasingly successful Bitcoin investment strategy, whose stock has outperformed Microsoft’s stock by over 300% this year. 

Saylor, Microsoft Meeting Could Boost Bitcoin

Microsoft said that its December board meeting agenda will feature a vote on whether to consider Bitcoin investments. The National Center for Public Policy Research (NCPPR) pushed for an assessment of Bitcoin’s (BTC) potential after MicroStrategy’s success with the cryptocurrency. Microsoft’s potential consideration of the proposal represents a shift of corporate strategies in digital assets as mainstream and valuable investments.

According to Saylor, Bitcoin can be a stabilizing, and value increasing asset for such companies as Microsoft who have great cash reserves. He argues that the integration of digital assets such as Bitcoin could lead to more stable and less volatile investment portfolios. MicroStrategy has invested in Bitcoin which has received high returns and his take is backed by the high growth potential for Bitcoin in the current economic landscape.

Bitcoin pitch could influence major tech firms

Microsoft’s potential inclusion of Bitcoin in its investment strategies could set a benchmark for other big tech and high cash companies. Saylor also believes companies like Berkshire Hathaway, Apple, Google, and Meta could integrate Bitcoin in their investment strategies to protect and grow their shareholder value. This move could lead to a corporate shift towards cryptocurrencies thus diversifying traditional financial practices and asset management across industries.

Financial analysts observe that Microsoft’s decision could change the perception of Bitcoin by the broader markets. A positive consideration of Saylor’s proposal could boost Bitcoin’s credibility and increase its adoption by major corporations. Thus it would  influence the global cryptocurrency market and investment strategies. The outcome of this proposal is seen as a pacesetter for the integration of cryptocurrencies in mainstream corporate finance.

Bitcoin’s Calm Signals Potential Breakout Toward $100K

by

  • Bitcoin remains stable, fluctuating between $89,000 and $91,000, signaling potential for future growth.
  • CryptoQuant’s Gaah suggests Bitcoin’s Short Term Holders SOPR points to controlled optimism and healthy growth.
  • Analysts predict Bitcoin could break $100,000, with institutional adoption and bullish patterns supporting upward momentum.

Bitcoin has been relatively stable recently, following a period of dramatic price swings. After reaching a high of $93,500 on November 13, it pulled back to around $86,682. Over the past six days, the price has fluctuated between $89,000 and $91,000, currently sitting near $91,800. While the market’s calm is noticeable, some experts believe it may signal that the cryptocurrency is preparing for another rise.

In a November 19 update, CryptoQuant’s Gaah pointed out that Bitcoin’s Short Term Holders SOPR (STH) indicator, which tracks profit-taking, is showing signs of “controlled optimism.” Gaah noted that the indicator hasn’t yet reached levels of Extreme Greed, which suggests there’s still potential for growth before Bitcoin hits its peak.

Gaah also explained that the combination of the SOPR and the 30-day moving average indicates that short-term holders are taking reasonable profits, without signs of excessive euphoria. This suggests that BTC is in a healthy growth phase,  free from the mania that often precedes sharp corrections.  

Xpost 5
Source: CryptoQuant

Analyst Predicts Breakout Beyond $100K

Drawing parallels to Bitcoin’s 2020 performance, analyst Ali Martinez highlighted similarities between past and current market behavior. In 2020, BTC surged 26% after breaking its then-all-time high of $19,700, briefly consolidated, and then climbed to $40,000. Martinez noted that its recent 28% rise after surpassing its previous peak mirrors this trend.  

While the cryptocurrency recently hit $93,000, it has since paused in its upward trajectory. Martinez suggested this consolidation could precede another breakout, with the potential to push the cryptocurrency beyond $100,000 if the pattern persists.  

Xpost 4
Source: Ali_Charts

Technical analysis from Crypto Rover adds to the optimistic outlook. The analyst identified a broadening wedge pattern on Bitcoin’s monthly chart. According to Rover, the cryptocurrency’s recent breakout above the resistance level aligns with the upper boundary of the wedge. This development supports a bullish case for a potential price target of $150,000.  

Institutional Adoption Fuels Momentum  

Institutional investors are also bolstering confidence. Michael Saylor, Executive Chairman of MicroStrategy, predicts Bitcoin could surpass $100,000 by the end of the year. He attributes this to increasing institutional adoption and regulatory clarity, which he believes are transforming its market dynamics.  

Saylor highlighted the role of major players like BlackRock in boosting Bitcoin’s legitimacy within traditional finance. He also pointed to shifting U.S. political dynamics, which he argues could create a more favorable regulatory environment. This evolving landscape, according to Saylor, reduces near-term risks and strengthens Bitcoin’s appeal as a long-term investment.

Related Readings | Shiba Inu’s Bullish Pennant Formation Signals Potential Rally

Genius Group Joins Bitcoin Treasury Trend with $10 Million Purchase

by

  • Genius Group еntеrs Bitcoin treasury strаtеgy with а $10 million purchаsе of 110 BTC аt $90,932 еаch.
  • CEO Rogеr Hаmilton plаns to convеrt 90% of rеsеrvеs into Bitcoin, аiming for $120 million tаrgеt.
  • Corporаtе аdoption risеs, with firms likе MicroStrategy аnd Semler Scientific incrеаsing thеir BTC holdings.

Artificiаl intеlligеncе firm Genius Group hаs officiаlly еntеrеd thе Bitcoin treasury plаy with а bold $10 million purchаsе. Thе compаny, which аcquirеd 110 BTC аt аn аvеrаgе pricе of $90,932 pеr coin, аnnouncеd thе movе on Nov. 18. This purchаsе mаrks thе bеginning of аn ongoing strаtеgy to convеrt thе mаjority of its treasury rеsеrvеs into BTC.

Thе plаn аims to аllocаtе аt lеаst 90% of Genius Group’s currеnt аnd futurе rеsеrvеs to Bitcoin. Thе firm hаs sеt аn initiаl tаrgеt of $120 million for this trаnsition. Hаmilton аcknowlеdgеd thаt аdopting MicroStrategy’s Bitcoin treasury modеl lаckеd clеаr guidеlinеs, prompting thе lаunch of а podcаst to еducаtе businеssеs on аdopting BTC аs а treasury rеsеrvе. Thе podcаst will dеbut on Nov. 19 аt 9:00 а.m. ET, offеring а roаdmаp for compаniеs considеring similаr strаtеgiеs.

Sincе аnnouncing its BTC-focusеd аpproаch, Genius Group’s stock pricе hаs sееn а modеst boost. Thе shаrеs closеd Nov. 18 trаding аt $0.91, rеflеcting а 28% incrеаsе for thе month. Howеvеr, thе stock rеmаins bеlow its Nov. 13 pеаk of $1.05 аnd fаr from its аll-timе high of $96.80 rеcordеd in Junе 2022.

Bitcoin Treasury Strategy Gains Momentum

Genius Group is not аlonе in аdopting BTC аs а rеsеrvе аssеt. MicroStrategy, thе pionееr of this trеnd, rеcеntly аddеd 51,780 BTC worth $4.6 billion to its holdings, bringing its totаl to 331,200 BTC, as highlighted by crypto analyst Sam Callahan. Thе compаny аlso plаns to rаisе $1.75 billion through sеnior convеrtiblе notеs аt а 0% intеrеst rаtе to fund more purchаsеs.

Othеr compаniеs are following suit. Semler Scientific purchаsеd 215 BTC for $17.7 million on Novеmbеr 18, increasing its total holdings to 1,273 BTC. Marathon Digital аnnouncеd а $700 million convеrtiblе notеs offеring to buy morе Bitcoin. Thе dаy bеforе, Metaplenet rеvеаlеd plаns to issuе $11.3 million in bonds to еxpаnd its rеsеrvеs, which аlrеаdy еxcееd 1,000 BTC.

Bitcoin Trends Amid Corporate Adoption

Amid thеsе corporаtе movеs, BTC’s pricе hаs bееn consolidаting within а symmеtricаl triаnglе pаttеrn аround $90,000. Thе 50-dаy EMA hаs providеd cruciаl support аt $90,160. Anаlysts prеdict а brеаkout аbovе $92,000 could push it to $93,450, with $95,118 аs thе nеxt rеsistаncе lеvеl. On thе downsidе, а drop bеlow $90,000 mаy lеаd to support lеvеls аt $88,431 or $87,128.

Thе surgе in corporаtе Bitcoin аdoption highlights а growing trеnd of businеssеs turning to thе cryptocurrеncy аs а hеdgе аgаinst еconomic uncеrtаinty. Genius Group’s $10 million еntry into thе Bitcoin trеаsury gаmе undеrscorеs thе incrеаsing confidеncе in digitаl аssеts аs long-tеrm storеs of vаluе.

Related Readings | Solana Surges to $117B: Is $400 the Next Target for SOL?

Bitcoin and Solana Dominate Social Media Amid Price Surge

by

Key Takeaways:

  • Solana gains social media traction, nearing its ATH.  
  • MicroStrategy boosts Bitcoin holdings with a $4.6 billion purchase.  
  • Wallet data hints at shifting retail and whale behavior in crypto.  

Solana has taken the spotlight in crypto discussions, driven by its notable price momentum. According to Santiment, Solana’s market cap, now ranked fourth, showcases impressive performance against Ethereum, with its ETH price ratio peaking at $0.0709. This achievement has sparked optimism, with traders anticipating Solana surpassing its November 2021 all-time high of $257 by year’s end.  

The excitement around Solana is fueled by its robust network growth and increasing adoption in decentralized finance (DeFi) and non-fungible token (NFT) ecosystems. Analysts predict that sustained market interest could propel further gains, making Solana a key contender in the crypto space.

image 57
Source: Santiment

MicroStrategy’s Bold Bitcoin Move  

Michael Saylor from MicroStrategy continues his aggressive building of the firm’s stash of Bitcoin. In its latest purchase, 51,780 BTC was added for about $4.6 billion. This is to show confidence in Bitcoin as a store of value into the future.

The purchase has once again spurred talks of increased institutional interest in Bitcoin. Everything MicroStrategy does is likely to impact market sentiment, given it is one of the largest corporate holders of BTC, and Bitcoin is cemented as digital gold. Saylor’s comments further illustrate a mounting trend of large entities positioning for potential future gains in the digital currency market.

Wallet Trends Reveal Market Sentiment  

Moreover, Santiment’s analysis of wallet activity across major cryptocurrencies offers insights into market dynamics. A decline in non-empty wallets often signals fear and capitulation among retail investors, creating opportunities for whales and long-term holders to accumulate.  

In the last month, Bitcoin wallets increased by 11,263, while Ethereum added 1.95 million new wallets. XRP and Dogecoin also posted wide increases, indicating rejuvenated retail participation. On the other hand, Cardano witnessed a slight correction in wallet numbers as cautious sentiment is evident.

image 56 7
Source: Santiment

Indicative data from this perspective concerns the market shift, where larger players seem to take advantage of dips to consolidate their holdings while retail participation remains dynamic.

This pattern usually characterizes the pre-bullish price movements, therefore showing how wallet activity plays a very strategic role in crypto market trends. Nevertheless, the Solana rally, MicroStrategy’s commitment to Bitcoin, and changing wallet dynamics all represent a dynamic crypto landscape.

Related Reading | Floki Listed! Insider Wallets Show the Next Memecoin Jackpot

‘Bitcoin Reserves In The Horizon’ Polish Presidential Candidate Mentzen Bold Promise If Elected in 2025

by

Key Insights:

  • Polish Sławomir Mentzen pledges to turn Poland into a cryptocurrency haven with innovative Bitcoin reserve plans.
  • Similar to global trends, Mentzen’s vision aligns with El Salvador’s legal tender and the U.S push for strategic BTC reserves.
  • Poland could join nations like Bhutan and Mexico in integrating Bitcoin into their financial systems under Mentzen’s presidency.

Polish presidential candidate Sławomir Mentzen pledges to make Poland a cryptocurrency haven with a Strategic Bitcoin Reserve if elected in 2025. This mirrors global trends such as El Salvador’s legal tender and U.S proposal for Bitcoin reserves. Mentzen aims to transform Poland’s financial system through embracing BTC which soared past $90K in the past week.

Mentzen Promises Cryptocurrency Reforms and Strategic Bitcoin Reserve

Sławomir Mentzen, a Polish presidential candidate, expressed his intentions to establish a Strategic Bitcoin Reserve if elected in 2025. Mentzen, a popular candidate among the libertarian and right-wing voters, explained his vision of transforming Poland into a cryptocurrency haven. He tweeted:

“Poland should create a Strategic Bitcoin Reserve. If I become the President of Poland, our country will become a cryptocurrency haven, with very friendly regulations, low taxes, and a supportive approach from banks and regulators. BTC to the Moon!”.

The proposition has emerged amid a growing global interest in digital currencies with cryptocurrency advocates urging governments to support digital currencies. Lech Wilczynski, CEO of Swap.ly cryptocurrency exchange, called on Mentzen to adopt a model policy for Strategic Reserve in the past. Wilczynski also provided the link to the Satoshi Action Fund document, an open source document and noted its importance over cryptocurrency asset laws.

Global Interest in Bitcoin Reserves Gains Traction

El Salvador’s president Nayib Bukele led the introduction of Bitcoin by declaring it legal tender in the country in 2021. The country has purchased nearly 6,000 BTC and sent a large amount to a cold wallet kept in a physical vault this year. Bukele has continued to advocate for adoption of BTC despite resistance from citizens and even donated BTC to fund projects in Honduras.

In the United States, Wyoming’s Senator Cynthia Lummis tabled a Bill in the U.S Senate to establish a BTC reserve as an insurance policy against national debt. The legislation expects to purchase one million BTC within five years. Recently, the President of the United States Donald Trump also backed such policies during the election campaign preparing such initiatives as forming of the “Strategic Bitcoin Reserves” and appointing pro-cryptocurrency officials to his government.

Regional and International Crypto Movements

Poland’s potential Bitcoin reserve coincides with other global trends in adoption of cryptocurrencies. In Mexico, Senator Indira Kempis seeks to establish BTC as a legal tender besides another proposal she tabled seeking to have a Central Bank Digital Currency. Additionally, Argentinian President Javier Mile recently called for research on Bitcoin’s role in dollarizing the national economy without the central bank.

Bhutan has discreetly mined Bitcoin for years and owns about $780 million worth of BTC, according to data from Arkham Intelligence. These trends in adoption of cryptocurrencies highlight the need for nations to include digital assets in their economic models and possibly alter the conventional monetary systems.

Is Bitcoin Ready for Another Rally? 4-Year Cycle Predicts Next Move

by

Key Takeaways:

  • Bitcoin has followed a precise 4-year cycle since 2015 with accumulation, uptrend, distribution, and a bear market.
  • The upcoming 2025-2026 period could mark the cycle top and bottom, with potential months of growth ahead.
  • Bitcoin has already surpassed key resistance levels, signaling a possible parabolic price surge.

Bitcoin’s market movements have consistently adhered to a strikingly accurate four-year cycle since 2015. This cycle, observed by Alphractal, includes distinct phases: accumulation, an uptrend or markup, distribution, and a subsequent bear market.

In the meantime, this has evolved over time with quite impressive accuracy to highlight tops and bottoms for each cycle. With this repetitive pattern considered, the next cycle peak could fall between October 12-16, 2025, and then the bottom between October 4-14, 2026. With conditions given in the present market, Bitcoin is still within its uptrend phase, which usually posts quite significant growth.

image 47 3

For investors, this means a possible few-month stretch upward of momentum in the market before taking a more serious nosedive. Many people are fairly optimistic about the next few months because Bitcoin’s slide has shown incredible resilience, and its cycle tends to be rather predictable.

A Parabolic Surge? The Potential of Bitcoin’s Breakout

One of the more interesting things about BTC’s price action this cycle is deciphering how many times the cryptocurrency has traditionally faced hard resistance from the 0.618 Fibonacci level. It always returns to get rejected at this key Fib level, then consolidates beneath.

image 46 3

But this cycle, Bitcoin has breached this level without rejections and has consolidated above the level near its ATH. This new development in behavior is somewhat striking and has analysts excited.

The recent movements in BTC’s price portend that the much-awaited breakout has finally arrived after a very long period of consolidation. If history repeats itself, Bitcoin will see another parabolic surge soon.

This behavior may further reinforce in one’s mind that the current market phase indeed forms part of the predicted cycle and that big price rises are just about to occur.

Fractal Analysis: A Key to Understanding Bitcoin’s Resilience

Fractal analysis of its market behavior gives a new light on BTC’s long-term potential. The general reaction is that digital cryptocurrency markets are extremely volatile, if not impossible, to gauge, but the ability of BTC to recreate its cycle in such exactitude shows resilience and endurance.

image 47 1

Given the actual market conditions and uptrend continuation, this is a sign of further growth. Thus, it is an exciting time for investors who are keenly observing Bitcoin’s price action. Now, as months of growth are expected in front, all eyes are on Bitcoin to see if this cycle actually continues, iterating itself as forecasted.

Related Reading | Giggle Academy’s X Account Hacked, Binance Founder Zhao Confirms

Bitcoin Set to Reach $135K, Predicts CryptoQuant Founder

by

  • CryptoQuant’s Ki Young Ju rеvisеs Bitcoin forеcаst to $135,000, citing ETF cаpitаl inflows.
  • Dеspitе wаrnings on ovеrlеvеrаgеd positions, Bitcoin whаlеs show confidеncе by continuing to аccumulаtе.
  • Bitcoin’s pricе fаcеs kеy rеsistаncе nеаr $93,265; brеаkout could push it toward $100,000 or higher.

Bitcoin, currеntly trаding аt $90,551, hаs cаpturеd аttеntion with а bold forеcаst from CryptoQuant foundеr Ki Young Ju. Thе аnаlyst hаs rеvisеd his еаrliеr prеdictions, projеcting а potеntiаl cеiling of $135,000 for Bitcoin. This projеction considеrs cаpitаl inflows from еxchаngе-trаdеd funds аnd products, supporting cryptocurrеncy’s pricе trаjеctory.

Bitcoin Chart
Source: Ki Young Ju

Along with thе optimistic outlook, Ju аlso issuеd а wаrning to trаdеrs аbout ovеrlеvеrаgеd positions, urging cаution whilе mаintаining а long-tеrm bullish stаncе. “Plеаsе notе thаt this doеsn’t mеаn wе аrеn’t gеtting corrеctions. As I mеntionеd еаrliеr, thе futurеs pеrp mаrkеt is ovеrlеvеrаgеd. Stаy long-tеrm bullish, but bе cаutious with lеvеrаgе if you’rе а trаdеr,” Ju еmphаsizеd.

His аnаlysis rеvеаlеd thаt thе BTC-USDt pеrpеtuаl mаrkеt wаs ovеrlеvеrаgеd by аpproximаtеly 2.7 timеs morе thаn еаrliеr this yеаr. This ovеr-lеvеrаging hаs thе potеntiаl to triggеr cаscаding liquidаtions, lеаding to short-tеrm pricе pullbаcks.

Bitcoin Xpost
Source: Ki Young Ju

Bitcoin Whales Maintain Market Confidence

Dеspitе thеsе concеrns, thе broаdеr sеntimеnt аmong Bitcoin invеstors rеmаins optimistic. CryptoQuant contributor Darkfost highlightеd thаt whаlеs, or lаrgе invеstors, continuе аccumulаting BTC еvеn аs thе pricе hovеrs аround $90,000. Hе аddеd, “Most аrе holding, which is а sign of confidеncе in thе mаrkеt.”

On thе othеr hаnd, contributor Percival obsеrvеd а diffеrеnt trеnd аmong а subsеt of long-tеrm Bitcoin holdеrs. Somе invеstors who hаvе hеld thеir positions for ovеr 155 dаys аrе rеportеdly tаking profits аt thе $90,000 lеvеl. Howеvеr, Percival clаrifiеd thаt this doеs not rеflеct thе аctions of аll long-tеrm holdеrs, mаny of whom аrе still wаiting for highеr pricе lеvеls to rеаlizе morе substаntiаl gаins. 

“Through Rеаlizеd Pricе UTXO Bаnds, wе sее thаt long-tеrm holdеrs аrе not looking аt $90K. Bitcoin hаs to rеаch highеr lеvеls аnd pricеs to rеаlizе profits of morе thаn 10x,” hе notеd.

Key Levels Shaping Bitcoin’s Path

Bitcoin’s short-tеrm movеmеnt is strongly influеncеd by criticаl pricе lеvеls. Thе currеnt pricе of $90,551 plаcеs it within а rеsistаncе zonе bеtwееn $92,000 аnd $93,265. If buyеrs push pаst $93,265, thе nеxt tаrgеt liеs аt $100,000. Should this psychologicаl bаrriеr bе brеаchеd, thе pricе mаy climb furthеr to $113,331.

BTC price Chart
Source: Trading View

Convеrsеly, fаilurе to sustаin momеntum аbovе $85,000 could spеll troublе for bulls. A dip bеlow this lеvеl might triggеr а dеscеnt towаrd thе 20-dаy еxponеntiаl moving аvеrаgе (EMA) of $80,791, with furthеr lossеs potеntiаlly pulling thе pricе to $70,000, аs prеdictеd by CryptoQuant аnаlyst BаroVirtuаl.

Thе 4-hour chаrt dеpicts indеcision, with thе cryptocurrеncy forming а symmеtricаl triаnglе pаttеrn. A brеаkout аbovе thе triаnglе would signаl bullish dominаncе, pаving thе wаy for а surgе to $100,000. Convеrsеly, а brеаkdown bеlow thе triаnglе could triggеr short-tеrm profit-tаking, lеаding to а potеntiаl drop to $85,000 or еvеn $80,000.

Related Readings | Ethereum Faces Critical Breakdown Against Bitcoin, Analysts Warn of Losses

MicroStrategy’s $26 Billion Bitcoin Holdings Surpass IBM and Nike Cash Holdings

by

Key Insights:

  • MicroStrategy’s Bitcoin strategy outpaces IBM and Nike, holding a portfolio valued at approximately $26 billion.
  • Since 2020, MicroStrategy’s shares surged by 2,500% due to its significant Bitcoin investments.
  • Planning to expand its Bitcoin cache, MicroStrategy aims to raise $42 billion over the next three years.

MicroStrategy , a pioneer in business intelligence, boasts a reserve of approximately $26 billion worth of Bitcoins, surpassing cash reserves of major corporations like IBM and Nike. This development marks a significant milestone in the adoption of cryptocurrency by mainstream businesses.

MicroStrategy’s Growing Financial Reserve in Bitcoin

MicroStrategy started the accumulation of Bitcoin as an inflation hedge in 2020 and has shown major returns. The company’s current Bitcoin holdings valued at around $26 billion have surged past financial reserves of major companies like IBM and Nike. IBM reported $13.7 billion in cash and securities while Nike reported $11.882 billion. These Bitcoin holdings positions the company at the top of corporate America treasury holdings, behind only behemoths like Apple Inc. and Alphabet Inc.

The company is based in Tysons Corner Virginia and is currently ranked as the biggest corporate Bitcoin holder surpassing key players in the cryptocurrency sector like Marathon Digital and Riot Platforms. The aggressive investment efforts in Bitcoin shows its commitment to make BTC a strategic investment asset.

Stock Soars as Bitcoin Holdings Grow

MicroStrategy investment in Bitcoin shows that corporations are starting to diversify their treasury portfolios to include cryptocurrencies. This approach has received a mixed reaction of criticism and acceptance. Some financial experts have cautioned against the approach while others consider it an opportunity to leverage the cryptocurrency bull run.

Bitcoin has improved MicroStrategy’s market reputation and influenced its stock returns as well as performance. The company purchased the bitcoins in August 2020 and has since seen its shares gain more than 2500% higher than the broader market becoming one of the best-performing US stocks.

$42 Billion Bitcoin Raise to Expand Bitcoin Assets

MicroStrategy has continued to invest in cryptocurrency assets.  The company plans to expand its cryptocurrency portfolio over the next three years by purchasing $42 billion investment in Bitcoin. The company’s ambitious investment plan indicates its  confidence in Bitcoin’s long term value and its ability to be a reliable inflation hedge.

As more companies such as Meta Planet emulate MicroStrategy’s Bitcoin investment approach, there is a shift in the field of corporate investments. This transition by companies to purchase cryptocurrency assets may redefine how companies manage their financial reserves with the development of the digital economy.

MicroStrategy’s early adoption of Bitcoin investments has set a benchmark and shaped future trends in corporate finance. The company’s continued Bitcoin purchases has attracted the attention of the financial world and will likely influence the adoption of digital currencies among major corporations.