Strategy’s Bitcoin Buy Leaves BTC Little Changed as Macro Caution Dominates

Strategy’s latest bitcoin purchase did little to move the market. The company said Monday it bought 1,550 BTC for $101 million, lifting its total holdings to 845,256 BTC, but bitcoin was recently trading around $62,600, little changed from Monday levels.

The muted reaction matters because Strategy is the largest publicly listed bitcoin holder and its purchases often draw market attention. This time, however, traders appeared more focused on the wider macro backdrop, including upcoming U.S. inflation data and next week’s Federal Reserve meeting.

Bitcoin had bounced about 4% on Sunday and briefly moved above $64,000 on some exchanges, including Coinbase, before the recovery stalled. The lack of follow-through also weighed on broader crypto sentiment, with the CoinDesk DeFi Select Index down 1.8% over 24 hours and the CoinDesk 80 Index lower by 1.3%.

Derivatives positioning also pointed to caution rather than renewed bullish conviction. Crypto futures volume slipped 1.3% to $190.7 billion over 24 hours, while open interest held near $103 billion and liquidations dropped 48% to $301 million, suggesting some of the most aggressive leverage had already been cleared.

Options activity showed that downside hedging remained in demand. On Deribit, the $60,000 bitcoin put was among the most actively traded strikes, while one-week positioning was heavily skewed toward puts, signaling that concerns about a deeper selloff had not disappeared.