Profit-Taking Picks Up as Metaplanet Adds 1,088 BTC to Its Expanding Bitcoin Treasury
As Bitcoin continues hovering near recent highs, market behavior is shifting—momentum is cooling, and profit-taking is accelerating.
Recent data paints a picture of a market losing steam for momentum-driven buyers. Many investors are starting to lock in gains, with indicators showing both trend-following and counter-trend setups being sold. It’s a clear sign that sentiment is entering a more cautious phase. At the same time, fresh capital is still coming in through first-time buyers, showing that not everyone is stepping back just yet. Still, the bigger picture won’t be clear until more time passes—though Bitcoin’s technical posture remains strong for now.
Metaplanet Doubles Down on Bitcoin
Institutional interest, on the other hand, shows no sign of retreat. Japan’s Metaplanet has again made headlines, investing $114 million to purchase 1,088 BTC at an average of $108,633 per coin. This latest buy brings its total holdings to 8,888 BTC—valued around $932 million at current prices. With an average entry price of $96,297, Metaplanet now holds one of the most substantial Bitcoin treasuries in Asia, showing strong parallels to MicroStrategy’s aggressive strategy in the U.S.
Profit-Taking Surges, Momentum Stalls: A Potential Turning Point
On-chain metrics show divergence among investor cohorts. The RSI for profit-takers climbed near 77, a historically notable level often associated with local market tops. That doesn’t guarantee a correction, but it raises the likelihood of sideways movement or mild pullbacks unless new demand steps in.
As momentum fades and more investors lock in profits, the balance becomes fragile. The key question is whether new buying pressure can absorb the sell-side flow.
New Buyers Step In—Can They Sustain the Market?
Encouragingly, there’s a surge in first-time BTC buyers. The RSI for this group has remained consistently high—above 90 for the past month—indicating sustained enthusiasm among new market participants. Unlike short-term traders, these new buyers tend to have a longer-term perspective, which could provide a strong base of support.
Their continued involvement may decide whether Bitcoin resumes its upward momentum or enters a holding pattern. If this wave of buyers stays strong, it could offset current profit-taking trends. If not, the market may pause and consolidate.
Metaplanet Emerges as a Regional Whale
While retail behavior fluctuates, institutional conviction seems unwavering. Metaplanet—one of the few publicly listed Japanese firms with a Bitcoin treasury—has now spent over $180 million across several purchases. Its strategy echoes MicroStrategy’s in both pace and intent.
With its latest acquisition, Metaplanet’s BTC stash now totals 8,888 coins. That’s not just a headline number—it’s a signal that Japan’s corporate interest in Bitcoin is growing. If Metaplanet’s moves set a precedent, we could see broader institutional adoption ripple through Asia.
Conclusion: Juggling Near-Term Uncertainty with Long-Term Optimism
Rising profit-taking and fading momentum suggest the market may be due for a breather. But beneath that, the foundation remains surprisingly robust. First-time buyers are still active, and institutional players like Metaplanet are clearly not backing down.
As Bitcoin navigates this pivotal period, the story is far from over. The real action may come from cohort shifts, corporate buying, and long-term holders reinforcing the structure. Whether this is a pause before another rally or a shift into consolidation, one thing’s clear: Bitcoin’s long-term narrative continues to evolve.
Disclosure: This is not financial advice. Always do your own research before investing in cryptocurrencies.
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