$BTC just slipped under Strategy’s average cost 👀
Bitcoin fell below $75K on Friday for the first time since August and is trading near $74.7K today. Strategy’s average purchase price is $75,456, so its 850,364 BTC are now slightly underwater.
The company didn’t stop buying: last week it added 1,036 BTC at ~$79K. But since early October, Strategy spent about $1.06B buying back its STRC preferred shares, almost 5x more than it put into Bitcoin. $MSTR was down ~3% premarket.
Why the market feels heavy right now:
🔹 The $6.3B Binance hack hurt confidence across crypto
🔹 Investors fear more scrutiny after the Democrats took Congress
🔹 Strong jobs data brought back talk of Fed rate hikes
🔹 Spot BTC ETFs saw about $431M in outflows on Thursday, per JPMorgan
There’s a quieter trend as well. Large holders are converting their own coins into ETF shares and BlackRock is seeing billions in these conversions as security worries grow 🔐
On the daily chart, BTC is sitting right on the lower Bollinger Band, and RSI is near 35, still below its average.
🟢 $73,600 lower band
🔴 $78,700 middle band, then ~$83,800
A daily close back above $78.7K would be the first real sign of strength.
Would you buy BTC below Strategy’s cost or wait for $73K to hold? 👇
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#NvidiaInvestigatesAfterHuang’sAffairApology
Bitcoin fell below $75K on Friday for the first time since August and is trading near $74.7K today. Strategy’s average purchase price is $75,456, so its 850,364 BTC are now slightly underwater.
The company didn’t stop buying: last week it added 1,036 BTC at ~$79K. But since early October, Strategy spent about $1.06B buying back its STRC preferred shares, almost 5x more than it put into Bitcoin. $MSTR was down ~3% premarket.
Why the market feels heavy right now:
🔹 The $6.3B Binance hack hurt confidence across crypto
🔹 Investors fear more scrutiny after the Democrats took Congress
🔹 Strong jobs data brought back talk of Fed rate hikes
🔹 Spot BTC ETFs saw about $431M in outflows on Thursday, per JPMorgan
There’s a quieter trend as well. Large holders are converting their own coins into ETF shares and BlackRock is seeing billions in these conversions as security worries grow 🔐
On the daily chart, BTC is sitting right on the lower Bollinger Band, and RSI is near 35, still below its average.
🟢 $73,600 lower band
🔴 $78,700 middle band, then ~$83,800
A daily close back above $78.7K would be the first real sign of strength.
Would you buy BTC below Strategy’s cost or wait for $73K to hold? 👇
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#NvidiaInvestigatesAfterHuang’sAffairApology
