MicroStrategy Adds 10,624 BTC as Market Volatility Intensifies
MicroStrategy has expanded its Bitcoin treasury once again, acquiring 10,624 BTC worth approximately $962.7M, reinforcing its position as the world’s largest corporate holder and signaling unwavering institutional conviction. Meanwhile, Bitcoin trades near $89,796, down 1.38% in the last 24 hours, as the market faces volatility, mixed technicals, and cautious sentiment ahead of the FOMC meeting.
Despite this major buy, spot Bitcoin ETFs recorded over $60M in net outflows, showing hesitancy among institutions. Japan’s FSA also reaffirmed its restrictions on domestic derivatives tied to overseas crypto ETFs, potentially limiting regional institutional access.
Technically, BTC is navigating a neutral RSI around 41 and a negative MACD, reflecting short-term bearish pressure. The critical support zone remains $84,000–$87,200, while $94,000 stands as key resistance — a breakout above could unlock renewed bullish momentum. Traders may look for long entries on a bounce from support or a clear breakout confirmation above $94,000 as volatility stays elevated.
Bitcoin remains the market leader with a $1.8T market cap, holding 58.7% dominance, yet overall sentiment has dipped to Fear (25), highlighting a cautious environment as year-end positioning and macro events shape market behavior.
