Strategy buys 1550 BTC, but Bitcoin’s setup stays bearish

Published: 2026-06-09 07:17:12 |

Strategy is back to accumulating Bitcoin: it buys 1,550 BTC for about $101 million, after selling 32 BTC last week. The Strategy buys 1550 BTC move lifts total reserves to 845,256 BTC. Management also increased USD reserves by $100 million to $1 billion. Traders should note the timing: long-term holder profitability is weakening. Bitcoin’s Long-Term Holder MVRV fell to 1.26 (Alphractal), implying modest unrealized profits and a market phase that can take weeks or months to resolve. The Strategy buys 1550 BTC headline does not confirm an immediate breakout. Price action also looks fragile. BTC trades near $63K after a drop, with short-term trend pressure. Whale activity picked up near the $60K zone, including a large holder buying around $59.7K and later moving to Binance for quick profit—often creating resistance on rebounds. Technicals remain mixed-to-bearish: RSI shows oversold conditions (possible relief rally), but MACD is still negative, indicating bearish momentum persists.

Bearish

Although Strategy buys 1,550 BTC for ~$101M, the article highlights deteriorating market conditions: Long-Term Holder MVRV dropped to 1.26 and indicators like MACD remain negative. Historically, when LTH profitability compresses while technical momentum is still bearish, large spot purchases can fail to trigger an immediate trend reversal—often producing only short-lived bounces. In the short term, the $60K-area whale profit-taking (moves to Binance for quick gains) can cap rallies and increase sell-pressure into resistance. Oversold RSI may support a relief rally, but without a bullish shift in momentum/confirmations, traders may treat Strategy’s buying as supportive background rather than a near-term catalyst. Longer term, continued accumulation by Strategy can still help sentiment, especially if BTC holds the broader “buying area” the article alludes to. But given current LTH data and bearish momentum, the more likely path is choppy consolidation rather than an immediate upside breakout.