Strive Adds 15,124 BTC in October 🟠
**What happened:** Cointelegraph reports that Bitcoin treasury company Strive posted $509 million in third-quarter net income and purchased 15,124 BTC in October, bringing its total holdings to 43,124 BTC.
**Why it matters for traders:** Large, repeated treasury purchases could tighten available spot supply, which may influence liquidity and volatility around key levels. If the buying draws more attention to $BTC, funding rates could shift and leveraged positioning may become more crowded, raising liquidation risk on sharp reversals. Higher volatility may also widen spreads and increase slippage, which could raise overall trading costs.
**What to watch:**
- Strive's next holdings update, to see whether the pace of accumulation continues or slows.
- Changes in funding rates and open interest across $BTC perpetuals, which may show whether positioning is becoming stretched.
Follow for daily market and trading-cost notes.
— BasisBack Research · not financial advice
#CryptoNews #Bitcoin #Futures
**What happened:** Cointelegraph reports that Bitcoin treasury company Strive posted $509 million in third-quarter net income and purchased 15,124 BTC in October, bringing its total holdings to 43,124 BTC.
**Why it matters for traders:** Large, repeated treasury purchases could tighten available spot supply, which may influence liquidity and volatility around key levels. If the buying draws more attention to $BTC, funding rates could shift and leveraged positioning may become more crowded, raising liquidation risk on sharp reversals. Higher volatility may also widen spreads and increase slippage, which could raise overall trading costs.
**What to watch:**
- Strive's next holdings update, to see whether the pace of accumulation continues or slows.
- Changes in funding rates and open interest across $BTC perpetuals, which may show whether positioning is becoming stretched.
Follow for daily market and trading-cost notes.
— BasisBack Research · not financial advice
#CryptoNews #Bitcoin #Futures