Bitcoin price is again above $65,000 today after pumping 1.5%. The broader crypto market is also showing strength, with Ethereum reclaiming $1,900.
$44 billion has been added to the crypto market in the last 2 hours as new reports point to US-Iran talks possibly resuming. The potential de-escalation in geopolitical tensions has triggered a risk-on move across all asset classes.
What you'll learn 👉
Strategy Sells $263.5M in MSTR Shares, Makes No Bitcoin Purchases
Strategy said it sold 2.73 million MSTR shares for $263.5 million in net proceeds between July 13 and July 19. The company made no Bitcoin purchases during the week, leaving its holdings unchanged at 843,775 BTC , acquired for $63.69 billion at an average price of $75,476 per BTC.
Its U.S. dollar reserve increased to $3.225 billion.
Strategy Sells $263.5M in MSTR Shares, Makes No Bitcoin Purchases
— Wu Blockchain (@WuBlockchain) July 20, 2026
Strategy said it sold 2.73 million MSTR shares for $263.5 million in net proceeds between July 13 and July 19. The company made no bitcoin purchases during the week, leaving its holdings unchanged at 843,775… pic.twitter.com/1YVXX1mtYN
This marks the second consecutive week Strategy has sold shares without buying Bitcoin. The company is building cash, not accumulating. That is a shift from its historical behavior of buying during dips.
Smart Money Is Accumulating Bitcoin – Whales Absorb Supply
Bitcoin price news today shows a clear divergence between wallet cohorts. Over the last 60 days, Bitcoin whales accumulated 66,700 BTC , while mid-sized holders sold 77,800 BTC.
This is a classic example of strong hands absorbing supply while weaker hands exit the market.
The attached CryptoQuant chart shows this divergence clearly. The green bars representing whale accumulation have been rising steadily since mid-May, while the red bars representing mid-sized holder selling have been increasing. The price line has been consolidating between $60,000 and $65,000, confirming that the selling pressure from mid-sized holders is being absorbed by large investors.
Key observations from the chart:
- Whales (100-1K BTC and above): Accumulating since early June. The green bars are consistently positive.
- Mid-sized holders (10-100 BTC): Selling pressure is visible. The red bars show consistent distribution.
- Small holders (<10 BTC): Mixed signals, but overall no clear trend.
- Price action: Bitcoin is holding above $63,000 despite the selling pressure from mid-sized holders. That confirms the whale accumulation is absorbing supply.
This is a bullish setup. Bitcoin is gradually moving into long-term conviction wallets. Reduced liquid supply creates the foundation for stronger price moves if demand continues to increase.
When the biggest players quietly buy while others sell, it is a signal worth watching. The trend may be forming long before the headlines catch up.
Read also: We Asked Grok and DeepSeek AI to Predict the Prices of Bitcoin and Cardano by the End of September
Bitcoin Price Prediction Short-Term
Dr. Profit, the trader who called the 2025 top, tweeted a detailed accumulation strategy just days ago. He is buying Bitcoin spot for the first time since September 2025, entering at $64,000 for the long term. His plan: buy 5% of his allocated capital every day Bitcoin trades between $54,000 and $64,000.
He pointed to the weekly MA200 and the top of the 2024 consolidation box as key technical levels supporting the current zone. He also noted that the crowd is aggressively bearish, waiting for $40,000-$50,000, which he believes will never come.
Based on current price action:
- Support: $63,500 is the immediate support. Below that, $61,000 and $60,000.
- Resistance: $66,000 is the first resistance. A break above that opens the door to $68,000 and then $70,000.
- Dr. Profit’s view: He expects Bitcoin to take liquidity around $54,000, but he is accumulating regardless of exact price. He sees the current zone as a generational buying opportunity.
My Bitcoin price prediction for the next 24-48 hours:
- Bullish scenario (35%): Bitcoin breaks above $66,000 with volume. Targets: $67,000 and $68,500.
- Neutral scenario (45%): Bitcoin trades between $64,000 and $65,500. Low volume. US-Iran talks provide support but no clear breakout.
- Bearish scenario (20%): Bitcoin loses $63,500. Targets: $62,000 and $61,000.
The whale accumulation data is bullish. The US-Iran talks are a positive catalyst. The short-term trend is neutral to bullish.
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