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

💡 DMK Insight

Bitcoin’s acquisition rate is slowing, and here’s why that’s crucial: A drop in acquisition rates can signal waning interest from institutional investors, which could stifle any potential price recovery. If this trend continues, we might see Bitcoin struggle to break through key resistance levels. Traders should keep an eye on the $30,000 mark; a sustained move below this could trigger further selling pressure. Additionally, the broader market sentiment is shifting, with many traders becoming more cautious as volatility increases. On the flip side, if acquisition rates rebound, it could indicate renewed interest and push Bitcoin back toward its recent highs. Watch for any news or developments that might reignite institutional interest, as this could be a game changer. In the meantime, monitor trading volumes closely; low volumes during price dips can be a warning sign of a lack of conviction among buyers.