On Thursday, Bitcoin’s technical analysis shifted to a bullish outlook as $BTC surpassed the $77,000 mark and broke above its 100-day moving average for the first time since the significant selloff in early February. This surge triggered a remarkable increase of over 12% in Strategy shares, as the company’s treasury of 780,897 $BTC saw an impressive gain of approximately $1.6 billion within just one trading session.
The technical indicators for Bitcoin ($BTC) indicated a breakout on Thursday when it cleared the crucial level of $77,000 and reclaimed its long-lost 100-day moving average. This threshold had been acting as resistance ever since Bitcoin’s decline from above $90,000 earlier this year. The recent movement marks $BTC‘s first significant close above $77,000 post-selloff and signals a temporary resolution to the ten-week consolidation range between $60K-$75K that has characterized its chart.
Strategy—recognized as the largest publicly traded corporate holder of Bitcoin—experienced an impressive rise exceeding 12% during Thursday’s trading session. The company possesses a total of 780,897 $BTC, which were acquired at an approximate cost of $59.02 billion with an average price per coin set at around $75,577.
The Catalyst Behind the Breakout
The level around $76,000 had previously obstructed four separate attempts by $BTC to rally in early 2026 before today’s breakthrough occurred. Data from CoinGlass revealed that there were about $450 million worth of sell orders positioned between prices ranging from $75,900 to $76,300 on Thursday morning; these orders were likely placed by traders either shorting near this high or protecting against potential liquidation risks associated with short squeezes overhead. As prices gradually penetrated this barrier throughout morning trading sessions, it led to cascading liquidations once key levels were breached.
Data regarding derivatives confirmed that this move was largely mechanical: liquidations surged by up to 140% compared to previous sessions while open interest continued climbing throughout this advance phase. An increase in open interest alongside rising liquidations indicates forced covering by shorts rather than new speculative buying—a scenario K33 Research analyst Vetle Lunde highlighted last week when he noted that negative funding rates persisting for over six weeks represented an “attractive entry point” for contrarian investors.
The Reasons Behind Strategy’s Sharp Movement
The notable gain experienced by Strategy amplified Bitcoin’s momentum through its leveraged capital structure significantly; holding onto those assets meant that every dollar increase in value directly impacted their balance sheet under FASB’s fair-value accounting regulations now applicable to digital assets—making each incremental rise meaningful financially.
On April 13th alone ,Strategy announced acquiring another batch consisting of approximately 13 ,927 $ BTC for nearly $1 billion .This purchase was fully financed through sales generated via STRC preferred shares . Notably ,the volume surrounding STRC has surged recently —accounting now for roughly 20 %of total MSTR trade activity after being virtually nonexistent earlier within same timeframe observed back during early months into twenty-sixteen-illustrating how institutional capital is evolving access methods towards exposure tied specifically towards holdings related back again toward Bitcoins themselves .
This company holds substantial positions with an averaged cost basis established around seventy-five thousand five hundred seventy-seven dollars per individual unit purchased means yesterday ’s upward shift crossing past seventy-seven grand pushed overall treasury value back into slight unrealized gains seen only briefly prior since beginning month – alleviating some immediate pressures found resting upon balance sheets while potentially supporting further issuances involving STRCs down line ahead too!
A successful reclaiming effort concerning hundred day moving averages serves signal closely monitored among technical traders alike! If sustained daily closures maintain themselves beyond said thresholds then targeting eighty thousand becomes next objective resistance point thereafter along larger trend lines situated closer toward two-hundred day SMA currently resting nearby eighty-seven thousand five hundred nineteen dollars awaiting reestablishment necessary before full reversal trends could occur altogether ! Furthermore recent influx data related pertaining ETFs showcased massive inflows totaling upwards nearing six hundred million dollars across mere two days suggests demand remains strong enough absorb additional supplies provided macroeconomic conditions align favorably together accordingly!