$BTC
💰 Michael Saylor's Strategy Expands Bitcoin Treasury Amid Price Dip
📉 Michael Saylor's Strategy seized a recent dip in bitcoin prices to enhance its treasury by over $1.4 billion. After reaching a two-month high, bitcoin fell to approximately $92K, providing an opportunity for Strategy to acquire 15,355 BTC for about $1.42 billion at an average price of $92,737 per bitcoin. Following this purchase, bitcoin rebounded to $95K, settling at around $93,966.19. With this acquisition, Strategy now holds 553,555 BTC, maintaining the largest bitcoin treasury among publicly traded companies, significantly surpassing Marathon Digital Holdings, which has 47,531 BTC.
📈 Standard Chartered, a London-based bank, forecasts that bitcoin will reach a new all-time high by the second quarter of 2025, potentially exceeding its current price by more than double by the end of the year.
We expect a fresh all-time high in Q2,” the bank said. “Our end-2025 forecast of USD 200,000 will then be in sight.
📊 Currently, bitcoin is trading at $93,966.19, reflecting a slight 0.11% gain over the past 24 hours and a more substantial 7.12% increase over the past week. During recent trading, bitcoin fluctuated between $92,860.81 and $95,598.49, maintaining a bullish sentiment despite some mid-session pullbacks. Trading volume surged by 71.64% to $30.46 billion, a typical increase following the weekend. Bitcoin's market capitalization rose slightly by 0.09% to $1.86 trillion, with BTC dominance climbing to 64.35%.
🟢 Despite the rise in price and volume, futures activity remained relatively stable, with total BTC open interest decreasing slightly by 0.12% to $63.525 billion. Liquidation data indicated low stress among traders, with only $2.11 million in total liquidations over the past 24 hours. Long traders faced the majority of losses at $1.7 million, while short liquidations amounted to $403,250. Overall, the data suggests a cautiously optimistic outlook for bitcoin, with strong underlying support as trading activity normalizes after the weekend.
