Bitcoin has recovered to the $94,000 mark after Strategy, under the leadership of Michael Saylor, purchased an additional 15,355 BTC, worth approximately $1.42 billion.
Bitcoin has just recovered back to the $94,000 level after a slight correction over the past weekend down to around $92,000, partly driven by the announcement of significant additional Bitcoin purchases from Michael Saylor's company, Strategy. On Monday, Strategy announced the addition of 15,355 BTC with a total value of approximately $1.42 billion, at an average price of $92,737 per BTC.
Since then, Bitcoin has recovered to the $95,000 level and is currently trading around $93,966.19 at the time of the update. This move continues to solidify Strategy's position as the world's largest Bitcoin treasury among publicly listed companies, with a total of 553,555 BTC – 11 times that of Marathon Digital Holdings – the second largest holder currently owning 47,531 BTC.
London-based Standard Chartered Bank now forecasts that Bitcoin will set a new historical peak in Q2 2025, and will more than double from the current price by the end of the year.
"We expect Bitcoin to reach new highs in Q2," the bank said. "The $200,000 target by the end of 2025 will be within reach."
Bitcoin Market Overview
In the most recent trading session, Bitcoin moved within a range from $92,860.81 to $95,598.49, reflecting an optimistic sentiment despite some short-term corrections.
BTC Price / Tradingview
The 24-hour trading volume surged by 71.64%, reaching $30.46 billion, typical of the upward trend after the weekend. Bitcoin's market capitalization also slightly increased by +0.09% to $1.86 trillion, while the BTC dominance rate rose by +0.17%, reaching 64.35%. Despite the increase in price and trading volume, futures activity remains quite stable, with the total open interest of BTC slightly decreasing by 0.12% to $63.525 billion.
BTC Dominance / Tradingview
According to data from Coinglass, the total liquidation value in 24 hours only reached $2.11 million – a low, with Long positions accounting for most of the losses at $1.7 million, while Short positions only recorded $403,250 in liquidations.
Overall, the data shows a cautiously optimistic picture for Bitcoin, with strong support foundations even as trading activity begins to stabilize again after the weekend.
