Key Notes
- Strategy bought 21,021 BTC after raising $2.5B via STRC IPO.
- Bitcoin ETFs recorded four straight days of net inflows.
- The market absorbed $9.6B sell-side volume during the weekend with minimal price dip.
Strategy , previously known as MicroStrategy, has recently purchased another 21,021 BTC BTC $118 156 24h volatility: 0.5% Market cap: $2.35 T Vol. 24h: $38.16 B valued at $2.46 billion, according to data from Lookonchain. This major shopping, made between July 28 and 29, came shortly after the firm raised $2.5 billion through its fourth preferred stock issuance (STRC).
The average purchase price was $117,256 per BTC as the largest cryptocurrency continues to trade around this level since the weekend. This latest buy brings Strategy’s total Bitcoin holdings to 628,791 BTC, now worth around $74.26 billion.
MicroStrategy( @Strategy ) bought another 21,021 $BTC ($2.46B) at an average price of $117,256. #Strategy currently holds 628,791 $BTC ($74.26B), with an average buying price of $73,277 and an unrealized profit of $28.18B. pic.twitter.com/5rYrB3VKoL
— Lookonchain (@lookonchain) July 30, 2025
With an average entry of $73,277, the firm is sitting on a paper profit of over $28.18 billion.
Despite the market’s lack of immediate bullish movement, institutional players like Strategy and Metaplanet seem to be using the current price range as a strategic accumulation zone.
At the same time, Bitcoin exchange-traded funds (ETFs) saw another day of net inflows, bringing $79.97 million on July 29. This results in a streak of four consecutive days, indicating growing investor confidence.
On July 29, spot Bitcoin ETFs saw a total net inflow of $79.97 million, marking the fourth consecutive day of net inflows. Spot Ethereum ETFs registered a total net inflow of $219 million, extending their streak to 18 consecutive days. pic.twitter.com/ePLUZxKBBb
— Wu Blockchain (@WuBlockchain) July 30, 2025
Volatility Shrinks, But Pressure Is Building
Bitcoin is currently trading at just above $118,000, with minimal movement over the past 24 hours. This low-volatility phase comes as investors rotate their funds into penny crypto tokens . However, market watchers note that it could be calm before the storm.
Notably, the 30-day Bitcoin Volatility Index (BVIV) has dipped to 39.37, well below the 45 mark rarely crossed in the last 149 weeks. A similar setup in September 2023 led to a 50% price rally.
30-day Bitcoin Volatility Index (BVIV) | Source: TradingView
Over the weekend, Bitcoin’s liquidity was tested when an early investor offloaded more than 80,000 BTC (worth $9.6 billion) via Galaxy Digital’s OTC desk. The market swiftly absorbed the shock, temporarily pushing the price down to $115,000 before recovering to $119,000.
Despite this large distribution, Glassnode reports that 97% of all BTC in circulation remains in profit, totaling over $1.4 trillion in unrealized gains.
#Bitcoin absorbed a $9.6B sell-off over the weekend as 80k BTC moved via OTC desks. Yet, the market impact was minimal – showcasing deep liquidity and structural resilience. Read the latest Week On-Chain for full postmortem of this event: pic.twitter.com/MU4vLK89Ow
— glassnode (@glassnode) July 29, 2025
Several on-chain valuation models suggest Bitcoin is likely to stay range-bound between $105,000 and $125,000. Glassnode predicts that a break above this range could send BTC toward $141,000, where heavier profit-taking is expected.
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