Strategy spent 75,700,000 USDT on 950 BTC at 79,670 USDT each, raising total holdings to 846,000 BTC. Current BTC price is 84,351.9 USDT.
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Institutional bid This purchase confirms large players are still accumulating during Fed rate-hike fears. It puts a visible floor under BTC and supports the 82,000 – 83,000 USDT zone.
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Leverage reset Deribit quarterly options expired with heavy dealer hedging. That reset reduced short-term gamma pressure, making a rebound from 83,000 – 84,000 USDT more likely.
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Liquidity check US 5-year yields broke 5%, and October hike odds hit 69.7%. That keeps risk assets capped, so this is not a trend reversal yet.
How to trade this?
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Short-term (1-7 days): fade weakness
- Short BTC/USDT only if it loses 83,000 USDT, target 79,500 – 80,000 USDT.
- Rebound entries work above 84,000 USDT, target 86,800 – 87,200 USDT.
- Watch ETF inflows and funding rates.
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Medium-term: hold spot bias
- Strategy’s 79,670 USDT cost basis is the key sentiment line. Holding above it supports range-bound accumulation between 79,500 – 87,000 USDT.
One-line summary: This is leverage cleansing, not trend reversal. Trade the range.