Strategy buys $2.54 billion worth of BTC as Bitcoin tops $78,000 on improving risk sentiment

Bitcoin briefly climbed above $78,000 today as easing geopolitical tensions and renewed institutional demand lifted risk appetite across crypto, triggering a broad market rebound. Geopolitics Trump extended the ceasefire agreement with Iran, cooling risk-off positioning and providing a direct tailwind for Bitcoin. Spot gold slid about 10% intraday, while Bitcoin gained more than 15% over the same window. Flows and positioning • Institutional buying: Strategy (formerly MicroStrategy) bought 34,164 BTC (about $2.54 billion), taking total holdings to over 760,000 BTC. • Supply tightening: Exchange-held BTC fell to 2.21 million, a seven-year low. Whales accumulated 45,000 BTC last week, easing potential sell pressure. • ETF demand: U.S. spot Bitcoin ETFs recently logged net inflows of $1.29 billion. Market snapshot • Prices: Bitcoin is trading near $78,000, up nearly 3% on the day. Ether moved above $2,400. • Liquidations: Total liquidations reached $373 million over the past 24 hours, led by shorts at roughly $259 million, impacting nearly 110,000 traders. • Policy tone: Fed Chair nominee Kevin Warsh said in his hearing that digital assets have become "a structural part" of U.S. financial services, a constructive signal for the market. • Equity spillover: Crypto-linked stocks rose in premarket trading, with Strategy up nearly 6% and Coinbase gaining more than 4%. Analysts note that short covering remains a key driver of the move, and traders are watching resistance around $79,000. The live stream is currently focused on trading strategies and indicator use under current conditions. Disclaimer: The above reflects the author's personal views and is provided solely to help investors understand relevant capital-market information. It does not constitute investment advice and does not represent the official position or opinion of AiCoin. Investing involves risk; please exercise caution.