Bitcoin Holds Near $107,500 as Institutional Buying Surges

Bitcoin (BTC) has been maintaining a steady position near $107,500, fluctuating within a narrow range of $106,450 to $108,980 during Monday’s U.S. session. Despite the calm price action, there is a growing institutional momentum that could drive significant changes in the market.

Michael Saylor’s Strategy, formerly known as MicroStrategy, recently acquired 4,980 BTC for $531.9 million, with an average price of $70,982 per coin. This purchase has increased Strategy’s total holdings to 597,325 BTC, solidifying its position as the largest corporate Bitcoin holder globally. The company’s strategy remains focused on buying and holding Bitcoin indefinitely, leveraging the long-term potential of the asset.

Joining the buying trend, Japan’s Metaplanet added 1,005 BTC worth $108 million to its holdings, bringing its total to 13,350 BTC. This acquisition values Metaplanet’s holdings at approximately $1.45 billion. The firm utilized zero-interest bonds to fund the purchase and has ambitious targets of acquiring 100,000 BTC by 2026 and 210,000 BTC by 2027. The company’s CEO, Simon Gerovich, highlighted that Metaplanet’s 2025 BTC yield has already reached 349%, reflecting the firm’s strong performance in the market.

With these back-to-back institutional purchases, the sentiment in the market appears to be shifting towards a bullish outlook. This could potentially pave the way for a breakout above the $109,000 resistance zone, driving further momentum in the Bitcoin market.

Robinhood has expanded its services into the European market, leveraging Arbitrum, an Ethereum Layer-2 scaling solution. This move allows European users to trade tokenized U.S. stocks and crypto futures with up to 3x leverage, intensifying competition among centralized and decentralized platforms. The new product rollouts include a proprietary Ethereum L2 focused on real-world assets, staking services for Ethereum and Solana (U.S. only), a 0.1% FX fee to reduce conversion friction, and crypto tax management tools. Additionally, Robinhood has introduced a cashback crypto credit card, further enhancing its offerings in the crypto space. While this expansion temporarily shifts market focus to Ethereum, it broadly strengthens the overall crypto infrastructure, indirectly benefiting Bitcoin adoption across new markets.

Technically, Bitcoin remains in a sideways range, holding above its 50-period EMA at $107,377. However, momentum is fading, as indicated by the flattening MACD histogram and converging signal lines near zero. This consolidation phase is typical before a decisive move. Key resistance levels to watch are $108,980, $110,448, and $111,944, while support levels are $106,450, $104,840, and $103,030. Traders are advised to stay patient until the range breaks, as a close outside this channel, particularly with volume, will likely define Bitcoin’s next move.

Bitcoin Hyper ($HYPER), the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), has surpassed $1.74 million in its public presale. The token is priced at $0.012075, with the next price tier expected within hours. Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity. With staking, a streamlined presale, and full rollout expected by Q1, $HYPER is gaining significant traction and is positioned as a Layer 2 contender to watch in 2025.