Striveโs $143โฏM Bitcoin Buy Signals a New Treasury Buying Wave
$2.3โฏB of institutional capital is flowing back into
$BTC as Strive, a Nasdaqโlisted asset manager, dumps a fresh 23,156 BTC at an average price of $79,431 per coin. This move is the latest in a series of treasuryโfund purchases that have already pushed the onโchain supply above 23โฏmillion BTC, a 12% increase over the last quarter.
The data matters now because the last time we saw a similar surge in treasury buying was during the 2023 rally, when the onโchain supply jumped 9% and the price climbed 45% in six months. Striveโs purchase is the largest single institutional block since the 2022 sellโoff, and it comes at a time when the
$BTC market cap is hovering near $1.2โฏtrillion, a level that has only been breached once in the last decade.
Smart money is clearly betting on a new bull cycle. Treasury firms are reโallocating capital from traditional equities to crypto, and Striveโs buy is a signal that they expect
$BTC to break the $90,000 resistance that has held since midโJuly.
#BTC #CryptoTreasury #BullRun The forward signal is simple: if the onโchain supply continues to climb past 23.5โฏmillion BTC and the 200โday moving average crosses above $85,000, we should see a 30%+ rally in the next 48 hours. The 200โday MA is currently at $84,200, just 1.2% below the critical level.
#BTCPriceTarget Are you ready to position for the next wave of institutional buying?