According to Lookonchain, MicroStrategy (@Strategy) acquired an additional 705 BTC last week at an average price of $106,495, totaling $75.1 million. This latest accumulation brings MicroStrategy's total Bitcoin holdings to 580,955 BTC, valued at $60.5 billion with an average cost basis of $70,023 and an unrealized profit of $19.83 billion (source: Lookonchain via Twitter, June 2, 2025). The ongoing aggressive buying by MicroStrategy signals strong institutional confidence in Bitcoin, potentially supporting price stability and attracting further institutional inflows. Traders should monitor for potential volatility spikes, as large-scale purchases often influence short-term momentum and spot ETF flows in the cryptocurrency market.

According to Crypto Rover, Bitcoin is now trading well over $100,000, while funding rates remain flat, indicating a balanced market without excessive long or short positioning (source: Crypto Rover on Twitter, May 16, 2025). For traders, this combination often signals market stability and reduces the risk of sudden liquidations, which could attract both spot and derivative traders looking for trend continuation or new momentum trades. Historically, flat funding rates at high price levels suggest the potential for sustained bullish momentum without the immediate threat of a sharp correction, making this a key metric for crypto market participants to monitor closely.