Bitcoin News
By MikeT
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Michael Saylor, the iconic Bitcoin evangelist and chairman of Strategy (formerly MicroStrategy), made headlines yet again after introducing a massive new Bitcoin purchase.
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Remarkably, Strategy has added over 170,000 BTC in just the first half of 2025. That’s roughly 35% of its total position accumulated over years—an aggressive bet, even by its own…
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And yet, despite this enormous vote of confidence, Bitcoin's price barely reacted.
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While the statement briefly pushed BTC above $108,000 over the weekend, the move was short-lived.
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The answer lies in the broader market dynamics currently at play. According to on-chain data from CryptoQuant and Glassnode, long-term holders (LTHs) and whales have been…
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In early June, long-term holders—wallets that held BTC for over a year—were reportedly selling off at a pace of around $800 million per day.
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Adding to the pressure are Bitcoin whales—large holders typically owning over 1,000 BTC. Their sell activity has also intensified, with average daily offloads nearing $440…
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Additionally, data from the Coinbase Premium Index, which is used as a gauge of U.S. investor demand, suggested weakening appetite from American buyers.
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It’s worth noting that while Bitcoin has demonstrated resilience in the face of global conflict—most notably during the Iran-Israel escalations earlier this year—it hasn’t…
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The current situation illustrates a critical shift in the crypto landscape. Even high-profile, half-billion-dollar buys may not be enough to move the needle in the short term.
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For investors, the lesson is clear: even large bullish signals can be drowned out by opposing forces, particularly when long-term holders and whales decide it’s time to exit.
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Still, Saylor's conviction remains unshaken. Strategy’s aggressive acquisitions show a long-term belief in Bitcoin’s value proposition—especially as global economic uncertainty…
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Whether this confidence eventually turns into price appreciation may depend less on bold buys and more on when the current wave of profit-taking finally cools.
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