🔹 MicroStrategy’s total Bitcoin holdings have reached 439,000 BTC, the largest Bitcoin holding by a public company.
🔹 The average purchase price of this latest purchase was $100,386 per BTC, demonstrating MicroStrategy’s continued commitment to investing in Bitcoin.
🔷️MicroStrategy continues its DCA strategy of accumulating Bitcoin, cementing its position as a key player in the crypto market with each new purchase.
📢What caused the price drop in Bitcoin and the crypto market?
🖥 Bitcoin and the cryptocurrency market faced heavy selling pressure after the 0.25% interest rate cut. Interest rate cuts are usually considered a positive signal; but bearish sentiment among traders was reinforced when the head of the US Federal Reserve announced that interest rate cuts in 2025 would be slower than initially planned.
🔻 It is worth noting that the price of Bitcoin fell below the $99,000 level last night and more than $800 million was liquidated in the crypto derivatives market. #MarketCorrectionBuyOrHODL #BNB☆ #BTC☆
🔥From $100 to $7.75 Billion: The Miracle of Bitcoin Wealth
In 2009, Bitcoin was just born. If you had used your sharp insight to buy 125,000 Bitcoins for $100, you would have become a legend in the age of wealth!
Take a look at this amazing wealth growth:
1️⃣ 2010:
Bitcoin crossed $0.08 and your investment went from $100 to $10,000. Although little known at the time, wealth was quietly accumulating.
🔸 As the price of Bitcoin continues its upward trend and has reached a new record of $106,260, on-chain data shows that long-term Bitcoin holders have started to sell their holdings.
🔸 This market behavior is similar to the behavior observed during the price peaks of the 2021 bull cycle. Ali Martinez, a prominent cryptocurrency analyst, stated that this unexpected selling by long-term holders often accompanies market peaks. However, some analysts still have a bullish view.
🔸 Captain Faibik has predicted that Bitcoin could soon reach its next target between $113,000 and $115,000. Despite reaching a new record, Bitcoin has currently corrected to $105,013. These trends suggest that the market may be nearing its peak, but there is still the possibility of a final bullish rally.
last night I have lost all my funds 🥵 I don't know what happened in the market during the night. After waking up in the morning, I looked at the mobile phone with a cigarette in my hand and I was surprised!! 🤣 Big and big loss but hope it will recover soon !
🔹 We have several major token releases this week, as shown in the image. The heaviest release is for the APT token, which will release $156.3 million. SEI and STRK also have releases, the amount of which is not negligible.
💬 In general, high-volume releases can create selling pressure and have a negative impact on the price due to increased supply.
In this analysis, it took a classic look at the chart Bitcoin is creating the famous classic technical cycle📈 it still with certainty about breaking the 99.5 thousand ceiling (I think the probability of failure is low)‼️ But we can say that if it doesn't break, I expect the price to fluctuate within the trading range drawn🕯