Bitcoin Recovers $95,000 Level as Strategy Plans $2B Purchase Amid Growing Institutional Interest
Bitcoin (BTC) continued its downward trajectory on Tuesday, February 18, 2025, dropping below $94,000 amid increasing market pressure, before bouncing back above $95,000 early on Wednesday.
The flagship cryptocurrency has declined by 10% over the past week, marking one of its most significant pullbacks in recent months. The current price represents a stark contrast to the optimism that pervaded the market following the recent spot ETF approvals and Trump-related rally.
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Strategy Announces Major Bitcoin Acquisition Plans for $2B
In a significant development, Strategy (formerly MicroStrategy) announced plans to raise $2 billion through 0% convertible senior notes to acquire additional Bitcoin. The company, already the world’s largest corporate holder of Bitcoin with 478,740 BTC (worth over $45 billion), could potentially increase its holdings by an additional $300 million through an underwriter greenshoe option. This move is part of Strategy’s ambitious 21/21 Plan, which targets $42 billion in capital deployment over three years.
Institutional Adoption Continues Despite Price Pressure
Institutional interest in Bitcoin keeps growing even if the price is sluggish right now. Based on recent 13F filings indicating rising institutional ownership in spot Bitcoin ETFs, Standard Chartered’s analyst Geoff Kendrick keeps his optimistic $500,000 Bitcoin price prediction. Among notable advancements are:
- Goldman Sachs increasing its ETF stake
- Abu Dhabi’s sovereign wealth fund making its initial Bitcoin ETF purchase
- A shift in buyer profile from retail to hedge funds, banks, and sovereign entities
Corporate Adoption Update
The growing corporate interest in Bitcoin is further evidenced by Semler Scientific’s Q4 results, which revealed holdings of 3,192 BTC worth over $300 million. The company has already adopted the new FASB fair value accounting rule, marking up its Bitcoin holdings by $28.85 million in Q4 2024.
BTC/USD Technical Analysis Points to Potential Further Decline
Market analysts are closely monitoring several concerning technical indicators:
BTC/USD has tested the $95,000 support level five times in the past two weeks, suggesting potential weakness in this crucial price floor. The formation of a descending triangle pattern on higher timeframes has raised concerns about possible further downside movement.
According to onchain analyst Maartunn, Bitcoin’s inter-exchange flow pulse has turned negative for the first time since Q3 2024, indicating declining risk appetite among investors. Additionally, Bitcoin futures markets have witnessed their highest long-position liquidations in two years, reaching 25% dominance – a level not seen since January 2022.
Key Price Levels to Watch
Market technicians identify several critical support levels:
- Immediate support: $93,400
- Secondary support zone: $91,130-$88,909
- Critical support area: $81,699-$85,160
- CME gap zone: $77,000-$80,000
Although the present market action points to near-term weakness, long-term trajectory of Bitcoin could be supported by ongoing institutional adoption and significant corporate acquisitions. Although technical data point to likely short-term volatility, strategy’s intended $2 billion buy shows a noteworthy statement of confidence in Bitcoin’s future. The $95,000 support level should be keenly watched by traders and investors since an important fall below might set off a wave of selling pressure into lesser support levels.
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