Only An Asteroid Can Sink MSTR’s Bitcoin Bet, CryptoQuant CEO Says

Bitcoin's derivatives market is undergoing a significant reset, with Binance's open interest dropping over 31% from its October peak as futures-led selling pressure diminishes. This decline follows a speculative surge in 2025, where open interest reached an all-time high of over $15 billion. CryptoQuant contributor Darkfost suggests that such a deleveraging phase often coincides with meaningful cycle lows, indicating a potential market bottom.

Bitcoin (BTC) has surged past the $96,000 mark this week, driven by significant inflows into U.S. spot Bitcoin exchange-traded funds (ETFs) and a favorable U.S. Consumer Price Index (CPI) report, which alleviated inflation concerns. This price movement marks the end of a prolonged consolidation phase, leading to a wave of bearish liquidations as short sellers exited their positions.

Strategy (MSTR) stock surged by 10% to over $189 as Bitcoin approaches the $100,000 mark, driven by renewed strength in the cryptocurrency and increased corporate purchases. This rise reflects a growing demand for Bitcoin as a key asset among institutional investors.

U.S. bitcoin buyers are currently driving a price rally, reversing a trend observed in late 2025 where the cryptocurrency faced significant declines. This resurgence is linked to the strength of U.S. equities, particularly influenced by the investment strategies of major players like Strategy.

MicroStrategy director Carl Rickertsen has made a notable move by purchasing 5,000 shares of the company, marking his first insider buy since July 2022 after a prolonged period of selling. This action signals a potential shift in confidence among insiders regarding the company's future prospects.