Saylor's brief post, in which Green Dots led Orange Dots, was accompanied by a chart showing his company's Bitcoin acquisitions. Market analysts interpreted the message as an indication that more Bitcoin purchases could occur soon.
However, the last time Saylor hinted at more Bitcoin purchases with green dots, Strategy established a Bitcoin reserve for dividend payments, in addition to buying more BTC. Therefore, there is a possibility of another move besides BTC purchases this time.
Saylor's past behavior reinforces the signal. He has repeatedly used brief and symbolic posts before announcing significant Bitcoin purchases.
Short-term sentiment around the price of BTC is sometimes driven by institutional signals. Traders' positioning may be influenced by buying expectations, even if this has not yet occurred. Traders may reduce their short-term exposure or close their positions when the price approaches resistance, or hedge against selling near the anticipated resistance zone.
A similar caution has been observed in other markets, such as Tom Lee's Fundstrat, which warned that Bitcoin could reach $60,000, despite the long-term optimism persisting. Bitcoin is trading near a strong resistance zone around $90,000, where liquidity and sell orders are concentrated.
Cryptocurrency analyst Ted Pillows claims that market makers could wipe out the three liquidity groups next week as Bitcoin tests the $90,000 level. Markets often move toward these zones as traders seek to complete large orders.
On-chain data cited by Pillows shows large groups of latent liquidity at that level, creating a short-term barrier for price movement. A strong buyer entering near this zone could influence Bitcoin's reaction to that resistance. The current structure of Bitcoin makes this message particularly relevant.
Even after suffering substantial capital outflows last week, ETFs still hold considerable balances in Bitcoin. BlackRock's Bitcoin ETF is among the top six ETFs this year.
Additionally, corporate treasuries remain active in the market. These are some of the reasons why the demand for BTC does not decrease even with rising prices.
