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Why Is Bitcoin Below $66,000 Despite Massive Whale Purchases?

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Bitcoin Price Prediction by Wikipedia Co-Founder $10,000 or Lower for BTC

The post Why Is Bitcoin Below $66,000 Despite Massive Whale Purchases? appeared first on Coinpedia Fintech News

On February 27, Bitcoin (BTC) was trading at $65,640, after failing to reclaim the $70K level two days ago. Its price is also below its 200-week exponential moving average (EMA) of $68,300, something that would trigger a historical additional bearish acceleration.

A chart showing Bitcoin EMA

Source: X

Rise in Bitcoin bulk buys

As stated in its Q4, 2025 earnings report, fintech conglomerate Block Inc. (NYSE: XYZ) acquired an extra 340BTC in that quarter, bringing its total holdings to 8,883 BTC and making it the 14th largest publicly traded holder of Bitcoin globally. 

Meanwhile, the leading publicly traded holder of BTC, Strategy, just recently acquired 592 BTC, bringing its stash to a total of 717,722 BTC.

Institutionally, BlackRock led the recent $1.1 billion inflows to US spot Bitcoin ETFs, breaking a five-week outflow streak of $3.8 billion. More institutions are expected to join the crypto industry, following the implementation of the GENIUS Act.

Why is Bitcoin still showing negative price action?

Mid-term volatility in the crypto market is the product of new US import taxes and the US-Iran geopolitical tensions. Both have caused widespread capital rotation to safe havens like gold, which now trades at $5,250 per ounce (20% up since January 2026).

Heightened inflation in the US has raised expectations that the Federal Reserve will extend current interest rates, causing downward pressure on crypto assets.

Markets today recorded significant intraday volatility as $8.7 billion in Bitcoin and Ethereum options expired. Meanwhile, the “AI Scare Trade” has seen 50% of global venture capital redirected from cryptocurrencies to AI companies. The Jane Street alleged market manipulation saga has done little to help the market.

BTC price prediction

Historically, Bitcoin has always bottomed roughly 23 months after its last all-time high (ATH). Time is now due since its March 2024 ATH of $73K, suggesting future downward price action.

Kalshi prediction markets show an 85% chance that Bitcoin drops below $65,000, echoing current extreme fear market sentiment.

On the flip side, most analysts now propose an elongated cycle of BTC price appreciation, following a break in the coin’s traditional four-year boom-bust cycles.

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The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.

Bitcoin

Strategy and Michael Saylor Navigate Bitcoin Treasury Amid Market Volatility

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Strategy (formerly MicroStrategy) continues to serve as a stabilizing force and vocal advocate for Bitcoin, even as the cryptocurrency market experiences heightened volatility. The company’s aggressive accumulation strategy and Michael Saylor’s steadfast leadership have reinforced its position as one of the largest corporate holders of BTC.

Consistent Accumulation Despite Turbulence

Strategy maintained its massive Bitcoin treasury through recent market swings, with the firm actively purchasing dips to bolster its holdings. This disciplined approach, which recently brought its total to approximately 845,000 BTC, has provided a notable anchor for Bitcoin’s price action during periods of uncertainty.

While a brief sale earlier rattled some investor sentiment, the company quickly resumed its net accumulation path, demonstrating commitment to its long-term Bitcoin thesis rather than short-term trading.

Saylor’s Vision and Strategic Financial Management

Michael Saylor, Strategy’s Executive Chairman, has remained one of Bitcoin’s most prominent champions. Through public commentary and regular updates, Saylor continues to articulate Bitcoin’s superiority as a treasury asset, digital gold, and superior store of value compared to traditional reserves.

To support its strategy, the company has utilized structured financing tools and capital market activities to manage obligations, including dividend requirements, without compromising its core Bitcoin holdings. This sophisticated financial engineering allows Strategy to maintain liquidity while staying heavily invested in BTC.

Corporate Bitcoin Treasuries Come of Age

Strategy’s approach highlights the growing maturity of Bitcoin as a balance-sheet asset for corporations. In an era of monetary debasement and macroeconomic uncertainty, an increasing number of companies are looking to Bitcoin for long-term value preservation.

Key benefits observed in Strategy’s model:

  • Acts as a price floor during market corrections through consistent buying pressure
  • Signals strong institutional conviction to broader markets
  • Demonstrates practical ways to integrate Bitcoin into corporate finance
  • Influences other public companies considering similar treasury strategies

Key Takeaway

Corporate treasuries like Strategy’s play a vital role in Bitcoin’s ecosystem. They provide meaningful support during downturns and contribute to the asset’s legitimacy as a mainstream financial instrument. As volatility persists, Saylor’s unwavering belief in Bitcoin’s long-term potential continues to inspire confidence among retail and institutional investors alike.

Conclusion

Even amid market fluctuations, Strategy and Michael Saylor exemplify disciplined conviction in Bitcoin. Their ongoing accumulation and strategic navigation of treasury management underscore a broader trend: Bitcoin is transitioning from a speculative asset to a strategic corporate reserve. As more companies explore similar paths, Strategy’s model may well serve as a blueprint for the next wave of institutional adoption.

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