Bitcoin’s Resilience: Holding Strong Above $100,000 Amidst Massive Sell-Off
In a testament to its enduring strength, Bitcoin has managed to stay above the $100,000 mark despite a significant sell-off of 405,000 BTC in October. The cryptocurrency showed remarkable resilience, dipping only 2.6% today and erasing weekend gains, yet avoiding panic selling. This stability highlights the continued institutional confidence in Bitcoin, even as early holders divested substantial amounts. Market observers are noting the absence of widespread fear, underscoring the robust nature of Bitcoin's current market position.
Bitcoin Holds Above $100,000 Despite Massive October Sales
Bitcoin demonstrated remarkable resilience this week, absorbing a sell-off of 405,000 BTC in October while maintaining its footing above the $100,000 threshold. The cryptocurrency dipped 2.6% today, erasing weekend gains, yet its ability to weather such substantial divestment from early holders underscores enduring institutional confidence.
Market observers note the absence of panic selling despite the volume of October disposals. This stability suggests a maturation of Bitcoin's market structure, where large-scale movements no longer trigger cascading liquidations as seen in previous cycles.
MicroStrategy Bolsters Bitcoin Holdings Amid Market Volatility
MicroStrategy (MSTR) added 397 BTC to its corporate treasury this week, spending $45.6 million to expand its position to 641,205 bitcoins—now valued at $47.49 billion. The acquisition reinforces its status as the world's largest corporate Bitcoin holder, despite a 3.2% stock dip to $260.88 following the announcement.
The company funded purchases through ATM equity programs, raising $69.5 million last week. This continues MicroStrategy's aggressive accumulation strategy under Michael Saylor, executed even as bitcoin prices oscillated between $108,000 and $111,000 during the buying period.
MicroStrategy Boosts Bitcoin Holdings with $45.6 Million Purchase, Treasury Now Worth $70.56 Billion
MicroStrategy Inc. (NASDAQ: MSTR) has added 397 Bitcoin to its treasury at an average price of $114,771 per coin, investing approximately $45.6 million between October 27 and November 2. The acquisition, disclosed in an SEC filing and announced by Executive Chairman Michael Saylor on X, brings the company's total Bitcoin holdings to 641,205 BTC—valued at $70.56 billion based on current prices.
The firm's average purchase price stands at $74,057 per Bitcoin, yielding an unrealized gain of 26.1% year-to-date. MicroStrategy continues to treat Bitcoin as its primary treasury reserve asset, executing weekly purchases as part of a disciplined capital allocation strategy. The latest buy follows a strong Q3 earnings report, where Bitcoin's appreciation contributed to a $2.8 billion profit.
Cycle Scientist Predicts Bitcoin Peak and Dampened Altcoin Season Amid Slowing Global Liquidity
Global liquidity growth—a key driver of crypto markets—is decelerating, according to cycle analyst Lars Von Thienen. Tracking U.S., Chinese, and European monetary flows, he notes liquidity now prioritizes debt refinancing over risk assets. This shift signals the end of easy-money conditions that fueled crypto's post-2023 rally.
Bitcoin's price action reflects this trend, with Von Thienen attributing 40% of BTC's valuation to liquidity metrics. While not forecasting an immediate crash, he anticipates diminishing returns as the Federal Reserve's tightening policy constrains capital FLOW through 2025-2026.
Contrary to historical patterns, altcoins may not see their typical post-Bitcoin surge. "New liquidity is migrating to real-world industries rather than speculative crypto assets," Von Thienen observed during an interview with Paul Barron. The analysis suggests a muted rotation into smaller cryptocurrencies this cycle.
IBIT ETF Faces Bearish Pressure Amid Bitcoin Volatility
The iShares Bitcoin Trust (IBIT) declined 2.42% to $60.79 today, extending a 7.05% drop over five days despite maintaining a 17.44% year-to-date gain. Bitcoin's 3.11% slump to $107,098 weighed heavily on the ETF, compounded by Sigma Capital CEO Vineet Budki's warning of a potential 65-70% BTC drawdown within two years. "Investors lacking conviction often capitulate during uncertainty," Budki noted, though he maintained a $1 million long-term BTC price target.
Technical analysts issued a Strong Sell rating for IBIT, with 12 bearish calls outweighing 5 bullish outlooks. Yet retail sentiment defied the gloom—826,208 investors traded IBIT last quarter, with 35-55 year-olds driving above-average accumulation. The ETF now appears in 1.9% of tracked portfolios.
Strive Plans SATA IPO to Fund Bitcoin Purchases
Strive Inc. (Nasdaq: ASST) is launching an IPO for its Variable Rate Series A Perpetual Preferred Stock, ticker $SATA, to bolster its Bitcoin treasury strategy. The Dallas-based firm aims to use proceeds for Bitcoin acquisitions, income-generating assets, and potential debt repayment.
The offering features an initial 12% annual dividend, paid monthly, with adjustments tied to market conditions. A dividend reserve covering the first year of payouts underscores Strive’s appeal to yield-seeking investors while preserving liquidity. Barclays and Cantor Fitzgerald lead the deal, with Clear Street as co-manager.
With 5,957 BTC already on its balance sheet, Strive ranks among the top 20 corporate Bitcoin holders. The MOVE mirrors strategies by peers like Strategy Inc., blending traditional capital markets with crypto exposure.
