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2 hours ago
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Saylor Hints at New Bitcoin Purchase Amid Network Stress Signals

Michael Saylor's recent hint about a new Bitcoin purchase has stirred interest among investors. Despite on-chain stress signals, heavy buying by public firms is attracting attention.

Saylor's Strategy

  • Saylor shared a chart showing Strategy holds around 650,000 BTC, valued at $58 billion, with an average purchase price of $74,436 across 88 buy events.
  • The latest move was a 130 BTC purchase during market fear, aligning with Strategy's pattern of buying in downturns.

Corporate Accumulation

  • Top 100 public firms hold approximately 1,059,453 BTC.
  • ABTC added 363 BTC, while Cango Inc. bought 130.6 BTC recently.
  • Companies like Bitdeer and Genius Group continue reserve expansions despite price fluctuations.

Bitcoin Holdings Chart

On-Chain Stress Indicators

  • Glassnode charts show the Hash Ribbon is bearish again, indicating miner stress or operational pauses.
  • Short-Term Holder NUPL is below zero, suggesting many recent buyers are at a loss.
  • This situation often coincides with significant lows when miners and new holders face pressure.

Current Trader Focus

  • Traders watch if miner stress and buyer losses will align with big holder purchases.
  • Some anticipate corporate buying could mitigate downside and trigger a rebound.
  • Market reactions to central bank announcements also impact Bitcoin movements.