FameEX Hot Topics | Bitcoin Holds Firm at $83K While Strategy Scoops Up the Dip

Bitcoin is trading at $83,142.02, showing a modest 0.19% gain over the past 24 hours and a 3.96% increase over the past week. Although price movements remain relatively stable, trading volume has surged to $27.14 billion—marking a sharp 93.46% jump from the previous period. This spike in activity likely reflects traders repositioning ahead of the weekend, a time often associated with lower liquidity and greater price swings.

The market capitalization of Bitcoin now stands at $1.64 trillion, reflecting a slight 0.20% uptick from the day before. However, Bitcoin’s dominance in the overall crypto market has edged down to 61.57%, a drop of 0.29% over the last 24 hours. This slight decrease in dominance suggests a growing interest in altcoins, which may be attracting more capital as investors explore diversification opportunities within the broader digital asset space.

In derivatives markets, open interest in Bitcoin futures has declined by 1.07%, falling to $48.57 billion. This drop points to some level of profit-taking or deleveraging among traders. According to Coinglass, the total value of Bitcoin liquidations over the past 24 hours reached $83.21 million, split fairly evenly between $40.50 million in long positions and $42.71 million in shorts—highlighting a balance of sentiment and a market still searching for direction.

Institutional interest in Bitcoin remains strong. Strategy recently acquired an additional 130 BTC, reaffirming its bullish stance on the asset. The company, led by executive chairman Michael Saylor, is also preparing a massive $21 billion stock offering, intended to fund further Bitcoin purchases. This strategy continues to position Strategy as one of the most prominent corporate holders of BTC and serves as a confidence signal to other institutional investors.

Looking ahead, Bitcoin is holding steady above key support at $83,000, with resistance levels near $85,000 in focus. Analysts see this as a consolidation phase, but broader macroeconomic factors—like inflation and central bank policy—will likely influence the next major move. For now, strategic accumulation and steady demand continue to support Bitcoin’s long-term outlook.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.