Michael Saylor’s Strategy kickstarts November with $45M Bitcoin buy

💡 DMK Insight

Bitcoin’s acquisition rate is dropping, and here’s why that’s a big deal: Since September, the slowdown in Bitcoin accumulation could signal waning institutional interest, which might hinder any meaningful price recovery. Traders should be wary of this trend, especially if it continues into the upcoming months. If institutions aren’t buying, the bullish momentum could stall, leading to increased volatility. Look for key support levels to hold; if Bitcoin breaks below recent lows, it could trigger further selling pressure. On the flip side, if acquisition rates rebound, it might indicate renewed confidence, so keep an eye on that metric. For now, monitor the daily trading volumes and sentiment indicators closely. If we see a spike in acquisition rates, it could be a signal to re-evaluate positions. But if the trend continues downward, be prepared for potential downside risks in Bitcoin and related assets like Ethereum, which often follows Bitcoin’s lead.