Strategy bought time but Bitcoin’s next cycle may need buyers beyond Saylor
Strategy may not become a major seller, but its ability to keep driving Bitcoin demand is under fresh scrutiny.
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Bitcoin’s move back above $60,000 puts the market’s liquidity thesis on trial after a soft payrolls print, as traders weigh rate-cut odds, real yields, and holiday-thinned momentum into the long weekend.
Stablecoin supply dropped to $312 billion in Q2, while transaction counts and organic transfer volume also declined.
ETF sellers are leaving Bitcoin, but long-term holders are absorbing the exit, turning the selloff into an ownership reset.
New blockchain, tokenized stock and DeFi products deepen its crypto bet, but prediction markets may be catching up faster.
ETF outflows, Fed rate risk and Strategy’s shift leave July as a critical month for the crypto market.
Bitcoin is close enough to my lower channel levels that the old $49K framework is back in play, but confirmation still depends on acceptance below the high-$50Ks and stress from flows, leverage, and miners.