Bitcoin Reclaims $94K After Saylor’s Shopping Spree

CN
5 hours ago

After surging to a two-month high last week, bitcoin ( BTC) dipped to around $92K over the weekend, creating an opportunity for bitcoin treasury firm Strategy, which on Monday announced a purchase of 15,355 BTC for roughly $1.42 billion at an average price of $92,737 per bitcoin.

The digital asset has since rallied all the way to $95K, settling at about $93,966.19 at the time of this writing. Strategy now holds 553,555 BTC and continues to boast the largest bitcoin treasury in the world among publicly traded firms, eleven times more than the next biggest holder, mining firm Marathon Digital Holdings, which currently has 47,531 BTC in its treasury.

London-based bank Standard Chartered, now predicts bitcoin will surge to a new all-time high in the second quarter of 2025 and will more than double its current price by year-end.

“We expect a fresh all-time high in Q2,” the bank said. “Our end-2025 forecast of USD 200,000 will then be in sight.”

Bitcoin is currently trading at $93,966.19, according to Coinmarketcap. The world’s leading cryptocurrency posted a modest 0.11% gain over the past 24 hours and a solid 7.12% increase over the last 7 days. During the latest trading session, bitcoin moved within a range of $92,860.81 to $95,598.49, keeping bullish sentiment intact despite some mid-session pullbacks.

Bitcoin Reclaims $94K After Saylor’s Shopping Spree

( BTC price / Trading View)

Trading volume saw a notable uptick, jumping 71.64% to $30.46 billion over the past 24 hours, a typical post-weekend surge. Bitcoin’s market capitalization edged slightly higher by 0.09% to $1.86 trillion, while BTC dominance climbed to 64.35%, up by 0.17% on the day. Despite the price and volume rise, futures activity remained relatively flat, with total BTC open interest slipping marginally by 0.12% to $63.525 billion.

Bitcoin Reclaims $94K After Saylor’s Shopping Spree

( BTC dominance / Trading View)

Liquidation data from Coinglass showed very low stress among traders, with just $2.11 million in total liquidations over 24 hours. Long traders absorbed the bulk of the losses at $1.7 million, compared to only $403,250 in short liquidations. The overall data signals a cautiously optimistic tone for bitcoin, with strong underlying support even as trading activity normalizes after the weekend.

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