Data: 1,705 BTC transferred from anonymous addresses, worth approximately $136 million

Michael Saylor Signals New Bitcoin Buy Amid Market Weakness

Michael Saylor hinted at another Bitcoin purchase by Strategy after its 100th acquisition amidst a downturn in Bitcoin's price. The company raised its STRC stock dividend as it continues its long-term Bitcoin accumulation strategy.

Data: If BTC breaks through $69,504, the total liquidation strength of mainstream CEX short positions will reach $1.251 billion.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $69,504, the total liquidation strength of long positions on major CEXs will reach $1.251 billion. Conversely, if BTC drops below $62,934, the total liquidation strength of short positions on major CEXs will reach $1.193 billion.

Steak ’n Shake Rolls Out $0.21 Hourly Bitcoin Bonus

Steak ’n Shake has introduced a Bitcoin bonus of $0.21 per hour for all hourly employees, supplementing their wages without replacement. The initiative aims to attract skilled workers and promote digital asset engagement. Participation is optional, allowing employees to manage their earnings as they choose.

Strait of Hormuz Tensions Push Up Oil Prices, Bitcoin Faces Liquidity Tests from All Sides

As the Middle East situation intensifies, the Strait of Hormuz has become a focal point for oil supply, disrupting tanker transportation. The expected range for crude oil price fluctuations is $70 to $150. Rising oil prices could impact the Bitcoin market, leading to liquidity tightening and increased deleveraging risks. Over the next four weeks, Bitcoin's performance will be influenced by the situation in the Strait of Hormuz. If the situation eases, the market may regain risk appetite.

Bitcoin's decline has yet to reach the pain point; March may present a strategic accumulation opportunity

Bitcoin fell nearly 15% in February, and the market expects a rebound in March, but analysts warn that current losses are not at their maximum, and prices still have room to decline. Bitcoin's Sharpe ratio is near the bottom, and it may continue to fall to $48,000-$52,000. The unrealized loss rate is as high as 39%, and the historical bottom has not yet arrived. Geopolitical tensions increase market uncertainty, and investors should proceed cautiously. March may be a key window for a phased bottom.