Bitcoin Demand Craters as Paper-Handed Traders Rush for Exits—What’s Next?
Bitcoin's hodl culture just hit a stress test. Short-term holders are dumping at record pace—but is this panic or opportunity?
Weak hands fold under pressure
The market's flushing out tourists who bought the hype. While diamond hands yawn, the spot price dances on a knife's edge.
Institutional sharks smell blood
Every retail sell-off creates a buffet for whales. The real question? Whether this is another bear trap before the halving rally.
Funny how 'macroeconomic headwinds' only matter when crypto dips—Wall Street's pet gold still can't process 24/7 markets.
BlackRock, Strategy, and others bullish on BTC
Earlier this week, BlackRock wrapped up a six-day buying streak, adding $1.4 billion worth of Bitcoin to its portfolio. The purchase boosted its holdings to 670,295 BTC, now valued at $74.8 billion.
Strategy, the largest corporate holder of Bitcoin, also recently added 10,100 BTC to its balance sheet, spending nearly $1.05 billion. The Michael Saylor-led pro-Bitcoin company now holds 592,100 BTC, accounting for around 2.98% of Bitcoin’s total supply.
Japan’s MetaPlanet has also been steadily buying Bitcoin, recently reaching the 10,000 BTC mark. Similarly, Europe-based The Blockchain Group has been growing its holdings, as rising global interest pushes more companies and governments to set new targets and grow their Bitcoin reserves.
Meanwhile, BTC has been moving sideways over the past month between $100,000 and $110,000. At press time, it hovers just over $106,000, roughly up 2.4% from this week’s lowest point.
