Between October 31 and November 10, MicroStrategy bought 27,200 $BTC for $2.03 billion at an average price of $74,463 per BTC. They now hold 279,420 $BTC worth $22.9 billion, with an average purchase price of $42,692 per $BTC and an unrealized profit of about $11 billion.
💸 MicroStrategy’s Bitcoin holdings have now surpassed $20 billion, with over $10 billion in profits
The cryptocurrency market continues to show strong growth, with Bitcoin reaching new heights. 📈 Ethereum and Ton coin are also performing well, reflecting the increasing interest and investment in digital assets. 💹
💰 **Tokenomics:** - **60%** allocated directly to the community at launch – no locks, fully accessible - **20%** reserved for the Season 2 airdrop - **20%** dedicated to marketing and development, released over 10 months
After $BTC surpassed $71,000, a whale holding 749 $BTC reemerged, transferring 159 after a 12-year dormancy. In 2012, the whale amassed 749 BTC at just $11 each.
Recently, the trend of awakening old BTC wallets has been increasing.
Bitcoin is currently trading within an ascending channel, a pattern often interpreted as bearish. While there's potential for upward movement, it may face resistance at the upper trendline. Should Bitcoin remain in this pattern, a breakdown is possible, potentially driving the price down to around $63,000.$BTC
"Bitcoin's dominance is on the rise after breaking a key trendline. If the weekly candle closes above this trendline tomorrow, it could indicate further declines for altcoins." $BTC
As I mentioned yesterday, Bitcoin's price has indeed dropped close to $65,000. Altcoins are also experiencing a bearish trend. However, don't worry too much because market volume tends to be lower on weekends. Despite this, there's still some liquidity around the $65,000 mark, so another drop could happen. $BTC
The wallet of one of the early Bitcoin investors came back to life after 14 years. Back then, his 50 $BTC were worth about $2, and now they are valued at $3,387,175!
Such cases have become increasingly common in recent years.
⚡$ Bitcoin forecast to hit $200K by end of 2025: Bernstein
Bernstein’s report is the latest in a series of bullish forecasts from institutional market researchers ahead of the November US presential election. Bernstein’s 160-page “Black Book” makes the case for why Bitcoin miners will continue to consolidate the industry, Matthew Sigel, VanEck’s head of digital asset research, said in an Oct. 23 post on the X platform. #btc200k $BTC