Bitcoin Tops $85K as $750M Liquidated, Strategy Buys 950 BTC
- —BTC tops $85,000 for the first time since January, up over 5% in 24 hours
- —$750 million in positions liquidated, including $648 million in shorts
- —Strategy buys 950 BTC for $75.7 million at an average price of $79,670
- —Strategy's holdings reach 846,000 BTC
Why it matters: Bitcoin is back above the average cost basis of U.S. spot ETF buyers, which could revive inflows into the funds.
Source: Blockonomi