๐ข Strategy Just Bought 950 $BTC โฆ Bitcoin Bulls Are Back?
Guys, Strategy is buying Bitcoin again after keeping its BTC holdings unchanged for about two weeks.
The company just added 950 BTC for ~$75.7M, at an average price of $79,670, taking its total holdings to 846,000 BTC.
And the timing is interesting. BTC has pushed back above $85K, while the recent move also triggered a massive short squeeze, with roughly $648M in short liquidations.
But Guys, we've seen many times that Strategy reports a BTC purchase and then BTC pulls back the next day. So the question is:
Does Strategy's latest 950 BTC purchase support another move higher, or do we get another "Strategy bought โ BTC dumped next day" moment? ๐
Also remember, Strategy didn't buy these BTC at today's price. The 950 BTC were accumulated between September 14-20, with the purchase disclosed on September 21.
So don't blindly treat this headline as an instant buy signal. The important thing now is whether BTC can hold the $85K area and turn this move into real continuation instead of another leverage-driven spike.
And yes, our previous BTC configuration is already working in our direction. The pullback didn't come, but the direction was right.
Strategy is buying. Shorts are getting squeezed. Now BTC has to prove the move. ๐ฅ $BNB $ENA
Guys, Strategy is buying Bitcoin again after keeping its BTC holdings unchanged for about two weeks.
The company just added 950 BTC for ~$75.7M, at an average price of $79,670, taking its total holdings to 846,000 BTC.
And the timing is interesting. BTC has pushed back above $85K, while the recent move also triggered a massive short squeeze, with roughly $648M in short liquidations.
But Guys, we've seen many times that Strategy reports a BTC purchase and then BTC pulls back the next day. So the question is:
Does Strategy's latest 950 BTC purchase support another move higher, or do we get another "Strategy bought โ BTC dumped next day" moment? ๐
Also remember, Strategy didn't buy these BTC at today's price. The 950 BTC were accumulated between September 14-20, with the purchase disclosed on September 21.
So don't blindly treat this headline as an instant buy signal. The important thing now is whether BTC can hold the $85K area and turn this move into real continuation instead of another leverage-driven spike.
And yes, our previous BTC configuration is already working in our direction. The pullback didn't come, but the direction was right.
Strategy is buying. Shorts are getting squeezed. Now BTC has to prove the move. ๐ฅ $BNB $ENA
