El Salvador: BTC Holdings Reach 7777 Coins
El Salvador government BTC stack hits 7777 coins at $594M with $162M unrealized profit after 916 daily buys since 2024.
SourceAnalysis
El Salvador government BTC holdings climbed to exactly 7777 coins valued at $594 million, reflecting a 37% unrealized gain of $162 million on an average cost basis of $55718 per coin after 916 consecutive daily purchases of one BTC since March 2024.
Price action on the 4h chart shows BTC trading inside the Bollinger Bands near the upper resistance at $77758 while the EMA50 at $77130 acts as immediate resistance above the EMA200 support at $74582; with RSI at 53.24 remaining neutral and MACD printing a bullish golden cross at -178.67, a measured extension toward the upper band appears probable before any retracement tests the 200-EMA zone.
El Salvador's disciplined Bitcoin holdings performance continues to counter crypto market crash narratives and informs forward BTC price prediction models for institutional desks tracking sovereign accumulation flows.
余烬
@EmberCNAnalyst about On-chain Analysis