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The Bitcoin price has dropped 0.8% over the last 24 hours to trade at $105,110 as of 4 a.m. on trading volume that rose almost 3% to $70.22 billion.
That fall comes despite Vivek Ramaswamy’s Strive purchasing 1,567 Bitcoin worth about $162 million, a purchase that vaulted it past Galaxy Digital and into the top 15 global corporate holders of Bitcoin. Strive’s latest buy brings its total BTC stash to 7,525 coins, with Galaxy Digital lagging behind on 6,894, according to BitcoinTreasuries.
JUST IN: 🇺🇸 Vivek Ramaswamy’s ‘Strive’ buys 1,567 Bitcoin worth $162 million. pic.twitter.com/2ER2bBFnru
— Watcher.Guru (@WatcherGuru) November 10, 2025
The BTC purchase follows Strive’s recent IPO on Nasdaq, where its SATA preferred stock sold out quickly. Funding from that IPO powered the new Bitcoin grab. The average price paid was $103,315 per coin.
Strive updates:
1. SATA listed on Nasdaq following oversubscribed & upsized IPO.
2. Strive acquired 1,567 BTC for ~$162M at ~$103,315 per Bitcoin. As of 11/10/25, we hodl 7,525 Bitcoin.
3. New $ASST & $SATA investor presentation released.
4. $SATA dividends expected to be ROC…
— Strive (@strive) November 10, 2025
Bitcoin On-Chain Activity Confirms Accumulation Trend
Bitcoin’s on-chain signals highlight fresh accumulation. Major corporations moving coins to corporate wallets are boosting network activity and helping keep selling pressure low.
Supply held by treasury firms continues to grow as more companies add BTC to their balance sheets. Increased wallet balances and fewer coins on exchanges show long-term confidence.
Bitcoin Exchange Reserve: CryptoQuant
As more public firms move Bitcoin into their reserves, investor engagement with on-chain assets is rising.
This trend gives support for higher prices as new buyers continue to enter. Network activity, especially from large holders and corporate buyers, signals ongoing demand. Reduced exchange reserves also point to steady accumulation, lowering the risk of rapid sell-offs.
BTC Price Analysis: Heading Towards $125K-$145K?
Looking at the BTCUSDT weekly chart, the price is trading near $104,900, just above both the 50-week Simple Moving Average (SMA) at $103,169 and well ahead of the long-term 200-week SMA at $55,361.
BTCUSDT Analysis Source: Tradingview
Bitcoin’s price remains in a strong uptrend, gently moving higher after bouncing off key support around the 50-week SMA.
BTC has formed higher highs and higher lows since mid-2024, showing buyers remain active and control the market direction. Key support sits at $103,169 (50-week SMA), which matches the average entry price of Strive’s latest buy.
Major resistance is in the $126,000 to $145,000 region, based on the Fibonacci extension levels seen on the chart. If buyers overcome the $126,199 high, Bitcoin could swiftly climb towards the $145,046 area, especially if more large buyers step in.
Technical indicators give more clues: The Relative Strength Index (RSI) stands at 46.78, showing momentum is positive but not overheated yet.
The MACD (Moving Average Convergence Divergence) indicator is slightly mixed, with the blue line just above the signal but still pointing up overall. While the Chaikin Money Flow (CMF) remains in positive territory at 0.07, suggesting capital inflows are steady.
As long as Bitcoin holds above the 50-week SMA and keeps making higher lows, the uptrend looks safe. Dips to the $103,000 region are being bought up quickly, showing buyers’ commitment. If price breaks above the current resistance at $126,000, more gains are possible in the coming weeks, with upside targets in the $130,000–$145,000 range.
However, if Bitcoin slips below the $103,000 level, short-term selling could push it toward the next support near the 200-week SMA at $55,36.
Holding above keeps the bullish trend alive. If dips come, buyers are expected to return quickly, locking in BTC for the long term as coin price demand grows.
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