- MicroStrategy holds 629,376 BTC valued at $72.15 billion.
- Bitcoin support at $114,600 may trigger a breakout or breakdown.
- Dormant whale shifted 6,000 BTC into Ethereum after seven years.
Bitcoin is trading near a decisive support level as traders track the next price move. Michael Saylor posted on X that “Bitcoin is on Sale,” suggesting his firm may continue buying.
According to SaylorTracker, MicroStrategy currently owns 629,376 BTC, which is valued at $72.15 billion. The data shows an all-time gain of 56.32%, equal to nearly $26 billion in profit.
MicroStrategy remains the largest corporate Bitcoin holder. Its aggressive strategy has drawn attention during major market pullbacks.
Saylor has consistently framed Bitcoin as a long-term reserve asset for his company. His latest comment signals confidence despite recent volatility around key price levels.
Price Action Near $114,600 Support Level
TradingView showed Bitcoin testing the $114,600 support. Analyst Ali Martinez noted this level will determine the next move.
If buyers defend the zone, the price could aim for $117,600. Martinez added that a break above resistance may allow a challenge of $120,000.
The chart also highlighted repeated rejections near $124,000. This level continues to act as strong resistance.
Martinez explained that failure to hold the $114,600 support could push prices lower. Traders are watching closely, as the reaction may define whether Bitcoin attempts a breakout or suffers a breakdown.
Dormant Whale Moves 6,000 BTC After Seven Years
Lookonchain data revealed the movement of 6,000 BTC, valued at $689.5 million. The coins came from an inactive Satoshi-era wallet for seven years. Blockchain records showed the transfer directed funds toward accumulating Ethereum.
Such movements often draw attention due to the size and age of the holdings. Analysts monitor these whale transfers as they can influence market liquidity.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
