Bitcoin Consolidates Above $100K as Institutional Buying Persists and Liquidity Cools
The post Bitcoin Consolidates Above $100K as Institutional Buying Persists and Liquidity Cools appeared on BitcoinEthereumNews.com.
Even as liquidity inflows to centralized exchanges have declined markedly, the most important players in this space continue to double down on their Bitcoin investments. This past week saw MicroStrategy and Metaplanet, two prominent corporate Bitcoin holders, add to their substantial BTC balances. They purchased a combined 19,452 Bitcoins at an average price of about $29,500. These purchases of Bitcoin, in amounts that are impossible to disguise, not only demonstrate the long-term viability of Bitcoin as a monetary asset but also strongly counteract the narrative that Bitcoin is in a “bear market.” Bitcoin ($BTC) remains solidly ensconced above $100,000. This seems to be the foundation of a market momentarily dedicating itself to base-building. Quite the contrary to Bitcoin’s $BTC prior pattern of forsaking range-bound sideways trading, the current price action looks concerted to establish a base above the $100,000 price level. MicroStrategy and Metaplanet Continue Relentless Accumulation MicroStrategy, which holds the most Bitcoin of any institution, made news once more with its latest acquisition. The Tysons Corner, VA, company, headed by Executive Chairman Michael Saylor, bought another 10,100 BTC, worth about $1.05 billion, at an average price of $104,080 per coin. MicroStrategy’s Bitcoin total now is a hug 592,100 BTC, and that’s worth $63.2 billion at current prices. The average entry price for MicroStrategy is 70,666, which means it has an unrealized profit of roughly $21.37 billion. This brings us to the purchase made not too long ago, which was not for the sake of trying to impress investors or anything along those lines but rather for the company to keep doing what it has been doing and to keep cementing that path. MicroStrategy(@Strategy) bought another 10,100 $BTC($1.05B) at an average price of $104,080 last week.#Strategy currently holds 592,100 $BTC($63.2B), with an average buying price of $70,666 and an unrealized…
Filed under: News - @ June 16, 2025 9:26 pm