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24.03.2026 10:32 AM
Lee and Saylor continue active buying

Meanwhile, as Donald Trump personally chooses where the winds of change will blow for risk-asset buyers, in a world where financial horizons constantly expand and geopolitical shocks reshape the investment landscape, large players continue to demonstrate their confidence in the future of digital assets. Among them are figures whose actions significantly influence market trends and set the tone for the broader investor community.

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Yesterday, BitMine, led by Tom Lee of Fundstrat, reported that last week it made a substantial purchase, adding 65,341 ETH to its balance. This move underscores BitMine's belief in the long-term potential of Ethereum, the second-largest cryptocurrency. To date, the total ETH held on the company's balance stands at an impressive 4,660,903 ETH, equivalent to roughly 3.86% of the cryptocurrency's total supply. Such a concentration of assets reflects a strategic vision and a willingness to deploy significant capital into the Ethereum ecosystem.

Not to be outdone, Michael Saylor, known for his aggressive Bitcoin accumulation strategy, recently added another 1,031 BTC to his holdings, spending about $76.6 million. The average purchase price was approximately $74,326 per unit. This acquisition continues Saylor's long-term strategy of accumulating Bitcoin. The total BTC on the balance of his company, Strategy, now stands at a formidable 762,099 BTC, which at current market valuations is worth about $53.2 billion.

These moves by major players vividly demonstrate their conviction that Bitcoin and Ethereum have significant upside potential and remain key assets in a changing financial world.

Trading recommendations:

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As for the technical picture for Bitcoin, buyers are currently targeting a return to $70,900, which opens a direct path to $73,000, and from there to $74,600. The most distant target is the high around $76,500, whose breach would signal attempts to return to a bull market. In the event of a decline, I expect buyers around $69,000. A drop back below that area could quickly push BTC toward $67,200. The most distant downside target would be the $64,900 area.

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Regarding the technical picture for Ethereum, a clear hold above $2,175 opens a direct path to $2,238. The most distant target is the high near $2,296, whose breach would indicate strengthening bullish sentiment and renewed buyer interest. In the event of a decline, buyers are expected at $2,098. A return below that area could quickly push ETH toward $2,023. The most distant downside target would be the $1,915 area.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

A crossover, or a price test of moving averages, typically either halts the move or sparks fresh market momentum.

Jakub Novak,
Analytical expert of InstaTrade
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