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Bitcoin drifts to $87K as top treasuries boost holdings
Institutional buying amid market stagnation highlights a shift in crypto investment dynamics, potentially stabilizing long-term volatility.
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Bitcoin is doing what it does best when everyone’s watching, absolutely nothing. After teasing the bulls with $93K on Friday, the largest digital asset has entered a volatility coma. It opened the week near $87K, dragging the market down with it and pushing total crypto market cap back toward the $3T cliff. No catalyst, no direction, just pain. Traders are stuck in chop, and the Fear & Greed Index is once again flirting with breakdown.
But while sentiment burns and price stalls, Strategy and BitMine are on a corporate DCA rampage. Saylor’s firm grabbed another 10,645 BTC last week, matching the previous week’s billion-dollar bite. Meanwhile, BitMine added over 100K ETH as it chases its 5% supply goal; retail may be out, but treasury whales are still buying.