Bitcoin News
By Pankaj K
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Strategy's Fourth Bitcoin Sale in 2026. Earlier this month, Strategy sold 1,690 BTC. The proceeds went toward repurchasing 1.
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Glassnode Data Points to a Support Floor. While Strategy was making headlines, onchain analytics platform Glassnode was busy mapping out…
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Breaking the 200-Day Moving Average. One technical level got a lot of attention this week: Bitcoin's 200-day simple moving average,…
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Bitcoin cracked $77,000 on Friday. Just like that, Strategy's massive bet stopped bleeding.
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The cryptocurrency jumped more than 20% across two days, pushing above $77,400 before Wall Street closed out the week.
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Earlier this month, Strategy sold 1,690 BTC. The proceeds went toward repurchasing 1.15 million shares of its preferred stock, a transaction valued at $108.6 million.
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Independent analyst William Clemente didn't read it that way. He said the sale-and-repurchase move actually calmed fears rather than feeding them — that it showed the company…
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Rising prices helped smooth over the optics, too. When Bitcoin is climbing fast, it's a lot easier to sell a small slice and still come out looking smart.
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While Strategy was making headlines, onchain analytics platform Glassnode was busy mapping out what's happening beneath Bitcoin's price surface.
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The numbers are pretty striking. Around 3.44 million BTC now carry an onchain realized price somewhere in that $58,000-to-$67,000 band. Of those, 2.
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Read also: Bitcoin Surges Past $71,556 as Prediction Markets Shift to Split Sentiment
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In market terms, that kind of cost-basis clustering can act like a floor. It doesn't guarantee anything.
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Whether it holds under real pressure is another question entirely.
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One technical level got a lot of attention this week: Bitcoin's 200-day simple moving average, which sat at $68,967. Bitcoin broke through it during the rally.
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Clearing it doesn't mean Bitcoin's problems are over. Markets are murky, and a single week doesn't rewrite the whole story.
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