Bitcoin price surged above $106,000 after Strategy disclosed a $49.9 million purchase of 487 BTC, boosting its total holdings to 641,692 BTC worth $47.54 billion.
Analysts say Bitcoin’s next move hinges on whether new buyers can absorb ongoing whale selling, with volatility likely to persist as the market seeks a post-distribution equilibrium.
JPMorgan strategists say Bitcoin looks undervalued versus gold after a 20% drop in October caused by futures deleveraging and a $128 million DeFi hack.
On-chain metrics spotlight bitcoin price support at $113K via STH Realized Price, projecting MVRV-driven surges to $160K–$200K by late 2025 in the bull cycle's next explosive phase.