FameEX Hot Topics | Bitcoin Steadies at $83K as Strategy Steps In to Buy the Dip

Bitcoin is currently trading at $83,142.02, reflecting a modest 0.19% gain over the past 24 hours and a 3.96% increase over the past week. While price movement has been relatively calm, trading volume surged significantly to $27.14 billion—a 93.46% jump from the previous period. This surge is likely tied to traders adjusting positions ahead of the expected slowdown in weekend trading, which often brings thinner liquidity and higher volatility.

The total market capitalization for Bitcoin now stands at $1.64 trillion, up slightly by 0.20% since yesterday. However, Bitcoin's dominance has dipped to 61.57%, down by 0.29% in the past 24 hours. This drop suggests that altcoins are gaining strength relative to Bitcoin, possibly benefiting from renewed investor interest as the broader market diversifies its capital allocation.

In the derivatives space, total open interest in Bitcoin futures has dropped 1.07% to $48.57 billion, indicating some unwinding of leveraged positions. Coinglass reports that Bitcoin liquidations over the past 24 hours totaled $83.21 million—split nearly evenly between long positions ($40.50 million) and short positions ($42.71 million). This balanced liquidation activity suggests indecision among traders, with no clear directional bias dominating the market.

Meanwhile, institutional activity continues to drive headlines. Strategy recently added 130 BTC to its treasury, signaling sustained corporate interest in the asset. The firm, led by Bitcoin advocate Michael Saylor, is also preparing a substantial $21 billion stock offering to fund future BTC acquisitions. This move reinforces Strategy’s position as a leading corporate holder of Bitcoin and contributes to overall bullish sentiment in the market.

As Bitcoin holds steady above $83,000, analysts are watching key support around $80,000 and resistance near $85,000. While recent activity indicates a period of consolidation, external macroeconomic forces—such as interest rate decisions and inflation data—are likely to influence near-term momentum. Still, institutional buying and long-term accumulation strategies are helping to sustain confidence in Bitcoin’s future growth trajectory.

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