The leading digital asset dipped to $81K over the weekend, but news of Strategy (MSTR) and Metaplanet (3350) institutional purchases of $1.92 billion and $13.3 million respectively, helped buoy BTC back above the $83K threshold.

Bitcoin’s price remained volatile over the past 24 hours, trading in a range between $83,557.64 and $87,489.86. The flagship cryptocurrency, at the time of reporting, stands at $83,678.74, marking a 1.01% increase over the last 24 hours but a 5.07% decline over the past week, according to Coinmarketcap.

( BTC price / Trading View)

Despite the drop over the past seven days, the market showed signs of renewed activity. Trading volume surged by 90.34% to $27.27 billion, though much of this was due to the anticipated weekend trading slump. Meanwhile, bitcoin’s market capitalization dropped slightly by 0.95% to $1.65 trillion.

Two firms that have made headlines by successfully pivoting from traditional businesses to bitcoin treasury companies, Strategy and Metaplanet, both announced bitcoin purchases of 22,048 BTC (roughly $1.92 billion) and just under 160 BTC (for roughly $13.3 million or ¥2 billion) respectively. Metaplanet announced on March 30th that it had issued zero coupon bonds for the purchase while Strategy made its purchase announcement on March 31^st.

(Metaplanet CEO Simon Gerovich announces his company’s latest BTC purchase / Simon Gerovich on X)

The acquisitions are a strong indication of persistent institutional interest in the digital asset which likely bodes well for bitcoin’s medium-to-long-term price action.

Analysis by crypto metrics firm Glassnode shows that only 40% of bitcoin is currently held by short-term holders versus 50% earlier in the year, indicating less dramatic price appreciation in the future.

(Short-term holders currently hold around 40% of bitcoin, after peaking at almost 50% earlier this year / Glassnode)

“This remains significantly below prior cycle tops, where new investor wealth peaked at 70–90%, suggesting a more tempered and distributed bull market so far,” Glassnode explained.

Other key indicators paint a mixed picture for bitcoin’s short-term outlook:

• BTC dominance rose slightly to 62.42% (+0.38%), indicating bitcoin is holding up better than altcoins.
• Futures open interest dipped slightly to $53.74 billion (-0.26%), suggesting some cooling in leveraged trading.
• Liquidations totaled $8.19 million over the past day, with shorts suffering nearly all losses ($8.15 million). This signals that bearish traders were caught off guard by bitcoin’s resilience.

While short-term price action remains volatile, bitcoin’s medium-to-long-term fundamentals appear strong, driven by increasing institutional adoption and a maturing investor base. With long-term holders increasing their grip on supply, volatility may gradually subside, setting the stage for more sustainable price growth in the coming months.

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