Bitcoin News Today: Institutional Confidence Counters Crypto's Bloodbath as MARA Loads Up on $46M Bitcoin
Marathon Digital Holdings (MARA) has added 400 BTC to its corporate treasury, valued at approximately $46.3 million, following a sharp decline in BitcoinBTC-- (BTC) prices triggered by U.S. President Donald Trump's announced 100% tariffs on Chinese goods. The purchase, executed through institutional liquidity provider FalconX, brings MARA's total Bitcoin holdings to 52,850 BTC, valued at over $6.12 billion as of October 13, 2025 [1]. The move aligns with a broader trend of institutional accumulation amid market volatility, with MARA's strategic buys reinforcing bullish sentiment in a market still reeling from a historic liquidation event that wiped $19 billion in leveraged positions [2].
The purchase occurred against a backdrop of geopolitical uncertainty, as Trump's tariff announcement sparked a flash crash in crypto markets, sending Bitcoin below $106,000 in a matter of hours. The sell-off, which coincided with a $19 billion liquidation event, marked the largest single-day wipeout in crypto history, according to data from Coinglass and Bloomberg [3]. MARA's acquisition, however, suggests institutional confidence in Bitcoin's long-term value, with on-chain data from Lookonchain highlighting the miner's continued commitment to "buying the dip" [1].
MARA's latest purchase follows a pattern of strategic accumulation observed in prior market corrections. The company's Bitcoin holdings have grown steadily since its initial foray into corporate treasury management, with its current balance ranking it as the second-largest institutional BTC holder, trailing only Strategy's 640,031 BTC [2]. Analysts note that MARA's actions often act as a psychological boost for the broader market, signaling resilience in the face of short-term volatility [1].
On-chain data further underscores the institutional undercurrents supporting Bitcoin's recovery. The 9-day and 20-day exponential moving averages (EMAs) for BTC/USD have begun to flatten after an extended downtrend, while the Relative Strength Index (RSI) has moved out of oversold territory, suggesting potential for renewed buying pressure [1]. Order book analysis reveals robust liquidity near the $115,000 level, with bid walls totaling over $1 million in support. These levels could cushion further pullbacks, though a break below $112,500 may invite renewed bearish momentum [1].
The broader market context remains fragile, with Trump's tariff rhetoric continuing to weigh on investor sentiment. The U.S. president's abrupt softening of his stance on China over the weekend-posting on Truth Social that Washington "wants to help China, not hurt it"-helped stabilize markets, but uncertainty persists. Pav Hundal, Lead Market Analyst at Swyftx, noted that MARA's timing reflects a calculated bet on Bitcoin's potential amid macroeconomic shifts, including global monetary easing and easing inflationary pressures [2].
MARA's stock price, meanwhile, has mirrored the broader market's weakness, closing at $18.64 on October 10-a 7.75% decline from its previous close. This decline highlights the interconnectedness of institutional Bitcoin holdings and equity valuations, though MARA's treasury strategy appears focused on long-term value retention rather than short-term trading [2].
The purchase also underscores the role of institutional actors in shaping Bitcoin's price action. As one of the largest corporate holders, MARA's accumulation efforts contribute to a narrative of sustained demand, countering retail-driven volatility. Analysts caution, however, that Bitcoin's ability to sustain gains above key resistance levels-such as the $117,000 threshold-will be critical in determining whether the current recovery is structural or cyclical [1].
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