Bitcoin Holds Above $104,000 Despite Fed Rate Pause, Strategy Buys 10,100 BTC

Michael Saylor, the Executive Chairman of Strategy, has maintained his confidence in Bitcoin despite the Federal Reserve's decision to keep interest rates unchanged. Saylor's unwavering stance was evident in his recent social media posts, where he shared an animated clip showing himself on a yacht, captioned ‘₿e Free’, emphasizing Bitcoin's role in financial freedom and independence. This message came just days after Strategy revealed that it had purchased 10,100 BTC for approximately $1.05 billion, bringing the company's total holdings to 592,100 BTC. The average price per coin for this purchase was around $104,080, with the total cost of the company's Bitcoin stash amounting to roughly $41.84 billion. So far in 2025, Strategy's Bitcoin holdings have seen a return of 19.1%.

While Saylor remained calm, U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell for not cutting interest rates, blaming him for economic setbacks and urging a policy reconsideration or resignation. Top analyst Anthony Pompliano also expressed frustration, describing the Fed’s stance as “ridiculous”. However, some experts saw the rate hold as potentially beneficial for Bitcoin. David Hernandez, a crypto investment specialist, noted that economic challenges like stagflation could increase demand for Bitcoin as a hedge, given its resilience amid Fed rate pause and economic uncertainty. Hernandez also suggested that easing policies in other countries might inject liquidity into global markets, some of which could flow into crypto, especially Bitcoin, supporting its price.

Amr Taha, a contributor on CryptoQuant, highlighted that after the Federal Reserve's decision to hold interest rates steady, the Bitcoin market showed a complex set of signals. Key points included Bitcoin forming consistent lows just above $104,000, creating a strong support level, and open interest on Binance falling, indicating traders were reducing leveraged positions. A sharp cluster of liquidations occurred near $104,000, mostly impacting long positions chasing the rally, while short liquidations were minimal, showing long squeezes dominated. Historically, Bitcoin tends to rally after rate stabilization, especially with declining open interest and liquidation exhaustion. Despite these signals, Bitcoin has fallen by more than 3% in the past 24 hours and is currently trading near $104,000, with sentiment in the market turning cautious due to the Federal Reserve’s decision to hold rates and ongoing instability in the Middle East.