Lookonchain: Strategy Buys 24,869 BTC for $2.01B

Lookonchain's May 11-17 report reveals Strategy snapped up 24,869 BTC for $2.01 billion, keeping institutional accumulation robust even as stablecoin inflows eased to $549 million and both spot and perpetual DEX volumes cooled after the prior rebound.

Bitcoin price action on the four-hour chart sits at $76343.75 inside the Bollinger Bands with the lower support at $76291.81 acting as immediate floor. The RSI at 29.48 marks clear oversold territory while the MACD death cross at -812.01 and price holding below both the EMA50 at $79111.04 and EMA200 at $77374.81 confirm the prevailing bearish structure; any bounce should first test the upper band resistance near $80160.21 before challenging the 50-EMA confluence.