Following the post, Strategy’s Bitcoin portfolio was back in focus. Current data shows the company holds approximately $61.25 billion in BTC. This highlights why Saylor’s short yet familiar social media phrasing draws such close attention.

Why “Big Orange” Attracts Close Watch

Michael Saylor has historically used similar phrases before Bitcoin purchases. As a result, markets have grown accustomed to reading such posts as signals. To be clear, the message itself does not contain an explicit announcement. Yet past examples suggest this silence rarely lasts long.

Indeed, on January 5, Strategy purchased 1,286 BTC, spending $116 million at an average price of $88,568 per coin. This move continued the accumulation trend seen in the early days of the year.

At the end of December, between December 29–31, the company added 3 BTC. In the first four days of January, a further 1,283 BTC was acquired at an average of $90,391. Strategy maintained its buying discipline despite price fluctuations.

Where Strategy’s Bitcoin Holdings Stand

Current data indicates Strategy holds a total of 673,783 BTC, purchased at a total cost of $50.55 billion. The average cost per coin stands at $75,026, underlining the company’s long-term view.

According to SEC filings, a significant portion of these holdings was funded by selling MSTR shares. By July, roughly two million shares had been sold, generating $312.2 million in net proceeds. Both balance sheet risks and timing choices remain closely monitored.

Meanwhile, MSCI’s decision to abandon planned index changes has slightly reduced uncertainty around Strategy shares. The previously discussed risk of exclusion from the index seems temporarily off the table.

Bitcoin Price Stalemate Draws Attention

On the technical side, Bitcoin remains indecisive. Analyst Ted shared on X that prices are oscillating in the $90,500–$91,000 range. Resistance appears near $92,000, while support lies between $88,000–$88,500.

The $88,000 level overlaps with a CME gap, creating structural support. Market sentiment is split—some anticipate a bullish breakout, while others weigh a potential downward move.

Additionally, rising US–Iran geopolitical tensions add external pressure that could affect risk appetite. Whether Bitcoin can remain flat under these circumstances will become clearer in the coming days.

For now, the picture remains uncertain. Saylor’s timing, however, has sparked expectations that this quiet phase may not last long. All eyes remain on potential updates.

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Meanwhile, ICO investors sold tokens after achieving significant short-term gains, increasing spot selling volume. Analyst Alex Kruger noted that high spot sales contributed to the decline and it was not caused by short squeeze activity. 

Spot Selling and Market Reaction 

• ICO profit-taking pressured the price 
• FUD rumors triggered panic selling 
• High spot selling increased supply in the market 
• Abnormal funding rates accelerated the decline 

These factors indicate that XPL drop is more related to market psychology and short-term movements rather than fundamental changes. 

Analyst Opinions 

Charts show XPL bullish structure was disrupted, but analysts expect recovery if FUD subsides and ICO selling pressure eases. Our analysis highlighted $0.8877 as a strong support level, with a ~20% rebound already observed. Recent stablecoin applications also continue to attract institutional investor interest. 

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The post Plasma (XPL) Drops 46%: Causes, Analysis, and Market Response appeared first on Coin Engineer.

Reports like U.S. Unemployment Claims, PPI, and Retail Sales influenced major investors’ decisions. CryptoQuant analyst JA Maartunn noted that whales monitored rising prices and adjusted positions. These movements signal changes in market sentiment. Meanwhile, Bitcoin’s short-term price reacts directly to whale activity. 

Bitcoin reached a new all-time high of $124,474 before dropping 3.5% in the last 24 hours. This decline shows whales adjusted their positions. Long-term holders remain firmly committed. The HODLer Net Position Change metric indicates reduced selling pressure. This trend supports Bitcoin’s price stability and potential recovery. 

Bitcoin Support Levels and Potential Scenarios 

Bitcoin currently trades around $119,000, maintaining a critical support level. Recovering the $120,000 mark could push the price toward $122,000. However, increased selling pressure may drop Bitcoin below $117,261. A deeper decline could pull prices to $115,000, testing short-term market stability. As long-term holders maintain their positions, the probability of recovery rises. The recent ATH followed by a correction reflects normal market fluctuations. 

The BTC transferred to Binance offers crucial insights for market observers. Additionally, long-term HODLer behavior limits selling pressure. Meanwhile, investors continue monitoring economic data’s market impact. Ultimately, whale movements and long-term holder commitment play a key role in shaping Bitcoin’s price dynamics. 

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The post Why Are Whales Moving Bitcoin to Binance? Weekly Whale Watch appeared first on Coin Engineer.

Key Support Level: $104,273

Currently, BTC is testing the $104,273 support zone. This is a critical point according to technical analysis. Should this level break with high volume, the next target could be $101,466, marking a potential continuation of the downward trend.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Traders should exercise extreme caution. Sudden sell-offs could trigger stop-losses and amplify market volatility in a short period of time.

Opportunity or Trap?

While pullbacks often present buying opportunities, in a highly volatile environment like this, any additional downward movement can quickly turn into substantial losses. It’s essential to wait for clear confirmation before opening new positions.

For leveraged traders, zones like this one represent both opportunity and danger. A miscalculated entry could lead to significant drawdowns, so risk management is key.

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The post Bitcoin Drops to $104,273: Market Braces for Next Support Test appeared first on Coin Engineer.

Index Holds Firm Amid Crisis

On Sunday, the index posted a score of 60, maintaining its position in the greed zone. This came after Bitcoin dropped 2.8% to $103,000, while Ethereum saw a sharper decline of over 10% during the same period.

Interestingly, the index had registered a much higher 71 just days earlier. Despite the price pullbacks, investor sentiment remains resilient — for now.

Traders Watch Key Support Levels

Crypto analyst Za commented that Bitcoin appears “unbothered” by the geopolitical situation. With $1.74 billion in long positions at stake if the $100,000 psychological level is broken, the coming days will be critical.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Meanwhile, spot Bitcoin ETF products saw $1.37 billion in inflows during the past week. In contrast, spot Ethereum ETF funds ended a 19-day inflow streak with $2.1 million in outflows.

Will History Repeat Itself?

In April 2024, following Iran’s direct missile strike on Israel, Bitcoin dropped 8.4%, and the index fell from “Greed” to “Fear” within weeks. If history is any guide, we could see a similar pattern emerge if geopolitical uncertainty persists.

The market’s current resilience may be tested further. Investors are watching closely to see whether confidence can hold — or if fear will take over again.

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The post Markets Stay Greedy Despite Middle East Escalation appeared first on Coin Engineer.

BTC’s December Performance

Data shows that despite recent sell-offs, Bitcoin has still gained approximately 50% in Q4 2024. While short-term price action may show volatility, Bitcoin’s bull market scenario remains firmly intact.

Currently trading around $15,000 below last week’s all-time high, BTC is just 2.4% below its opening price for December.

A Critical Trendline for Bitcoin

Popular analyst Titan of Crypto noted that as long as Bitcoin holds above a crucial rising trendline, there is no reason to worry. He referred to this level as Bitcoin’s “most critical support.”

Historical data from CoinGlass suggests that 2024 has been an average year so far in terms of December performance. Compared to December 2023, this year’s market movements lag slightly behind.

Some analysts have drawn parallels between this year’s price action and Q4 of 2023, suggesting a potential fractal pattern in the market. Analyst Nestay commented that the 2024 market structure appears to be repeating the patterns of 2023.

Short-Term Holders Under the Spotlight

Analyst Bitcoindata21 suggested that, as in two previous market corrections, Bitcoin may find support and rebound once it reaches the realized price level of short-term holders.

This realized price level, currently at approximately $86,000, represents the average cost basis at which short-term investors break even.

However, analyst On-Chain College issued a word of caution. He noted that any price drop above this Short-Term Holder Cost Basis (STHCB) is “noise.” But if this level is lost and cannot be reclaimed, it would warrant further evaluation.

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