Crypto
Bitcoin Reclaims 69K Amid Big Institutional Buys
The post Bitcoin Reclaims 69K Amid Big Institutional Buys appeared first on Coinpedia Fintech News
On March 2, Bitcoin (BTC) reclaimed the $69K psychological level after a week of volatility that saw its price drop to $62K. At press time, the flagship cryptocurrency was trading at $69,483, up 3.65% in the last 24 hours. BTC’s market cap was also up 3.62% over the same time period to reach $1.38 trillion, while its open interest grew 6.74% to reach $46.12 billion.
Source: CoinMarketCap
The recovery is closely related to the recent increase in institutional accumulation, as firms take advantage of BTC discounted prices.
Institutional buys buoy Bitcoin price
Strategy Inc. (NASDAQ: MSTR), the leading Bitcoin holder among publicly traded companies, has today reported accumulating 3,015 BTC in the past week. The purchase marks the firm’s 101st recorded Bitcoin acquisition and brings its total holdings to 720,737 BTC. At writing time, Strategy’s shares were trading at $137.42, up 6.32% in the last 24h.
Considering Strategy’s Average Cost Basis of $75,985 per BTC, this brings the company’s total net unrealized loss to $7.35 billion (13.4%). Still, the company continues to grow its Bitcoin treasury as it places greater preference on the long-term benefits of dollar-cost averaging over short-term gains. Underscoring this tactic is Strategy’s Q4, 2025 earnings call of 22.8% BTC yield for the whole of 2025.
Another company that has recently increased its Bitcoin Treasury is ProCap Financial Inc. (NASDAQ: BRR), having announced an acquisition of 450 BTC at $30 million. This brings its total stash to 5,457 BTC, ranking it #19 in a list of public Bitcoin Treasury companies. ProCap plans to continue aggressively repurchasing its shares in order to cut the difference between stock prices and Net Asset Value (NAV), the latter being the amount of Bitcoin represented by each share.
Source: Business Wire
Other companies that have recently reported increased BTC acquisitions include Metaplanet Inc.(35, 102), Block Inc.(8,883), and American Bitcoin Corp (5,843). Spot Bitcoin ETFs have accumulated roughly 21,000 BTC since October (the last major accumulation). Meanwhile, retailers continue to retreat, with Binance seeing retail inflows surge by $5 billion.
BTC Price Forecast
According to one renowned CoinMarketCap analyst, should BTC break its near-term resistance zone ($68K), then its price could shoot to upto $79K.
Source: CoinMarketCap
Notably, BTC could restest $72,106 should it break above the $69,266 Fibonacci support. If not, then we could see a dip towards $65,224.
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Singapore is again the largest crypto economy in Central and Southeast Asia and Oceania. Chainalysis put activity there at $284 billion in the year to June 2026, up 55.4%. The wider region contracted 6.8% over the same window, July 2025 through June 2026.
The jump was not a retail wave. Institutional-platform activity rose 94% to $60 billion, concentrated in a small set of market makers, over-the-counter desks and institutional brokerages. Chainalysis told Cointelegraph the growth was “mostly high-volume activity by existing platforms rather than the dynamic entry of new services.” Outside that book, flows into centralized exchanges rose 30% and flows into decentralized exchanges rose 69%. Both moved. Neither explains the headline.
Australia was second at $173.1 billion. Total activity there fell 5.6%, mostly on a drop in DEX flows, while institutional-platform activity rose 33.3% to about $39.9 billion. India was still large, at $135 billion, but down 14.7% — one of the sharper declines in the set. It kept the region’s biggest centralized-exchange inflows, $88.4 billion, ahead of Singapore’s $82.3 billion and Australia’s $79.3 billion. Vietnam was fourth at $122.2 billion, then Indonesia at $83.2 billion, Thailand at $82.8 billion and the Philippines at $44.5 billion.
The other half of the report is the opposite market. The Philippines, Thailand and Vietnam together logged 5.4 million peer-to-peer transfers under $10,000, domestic and cross-border. That is 14.4% of such transfers worldwide, from countries that are 2.5% of the global crypto economy. Thailand and Vietnam also ran sizable domestic stablecoin markets, $10.4 billion and $6.9 billion. Cross-border stablecoin flow was larger than domestic in those markets. Chainalysis tied that to speed, cost and ease of use, not to a trading desk in Raffles Place.
Read together, the region split. Singapore’s number is a financial-center number: existing institutional pipes, more volume through them, plus broader exchange flow while the Monetary Authority of Singapore has been tightening licensing and still backing tokenization and stablecoin settlement. India’s number is an exchange-inflow number that shrank at the top line. The Mekong and Philippine number is small tickets. Institutional platforms across CSAO processed $152.3 billion, up 40%, and took 18.9% of regional activity by the end of the second quarter. That share is rising. It is not the same thing as adoption.
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