CryptoQuant: Strategy Halt Bitcoin Buys, Add Cash
CryptoQuant tells Strategy to stop bitcoin buys and raise cash reserves as BTC trades at $59341.95 inside lower Bollinger band with bearish MACD death cross.
SourceAnalysis
CryptoQuant urges Strategy to halt Bitcoin purchases and build cash reserves while BTC sits at $59341.95. Price action shows a bearish trend with EMA50 at $63010.39 and EMA200 at $67630.17 acting as firm resistance. MACD prints a death cross at -887.83 and RSI at 31.37 leaves room for further downside before any bounce. Trading inside the Bollinger band near lower support at $59251.56 signals volatility exhaustion that often precedes a crypto market crash extension. This setup feeds directly into updated BTC price prediction models that now factor in sustained selling pressure from corporate treasuries. Institutional desks watch for a clean break below the band before reloading longs, keeping AI industry impact on blockchain infrastructure in focus for the next quarter.
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