Greeks.live: Strategy’s resumed BTC buying activity is unlikely to alter Bitcoin’s long-term trajectory, as sustaining above $80,000 still faces significant pressure.

Greeks.live noted in a recent article that if Strategy resumes its BTC purchases soon, it will only deliver short-term stimulus and fail to change Bitcoin’s long-term trajectory. After booking unrealized gains, Strategy has more room to add to its holdings, but over a longer cycle, BTC ETFs as a whole remain in net outflow, making it quite challenging for BTC to hold above $80,000 given substantial selling pressure. Currently, no single participant in the BTC market can manipulate or accurately predict its price movements. On the macro front, the Federal Reserve’s hawkish comments and escalating U.S.-Iran tensions are further testing investors’ already fragile sentiment. Moreover, BTC’s short-term volatility has plummeted rapidly, and a single bullish candlestick is insufficient to sustain a bull market. If BTC can rebound above $85,000 after a minor pullback, the market structure may improve; otherwise, arbitrageurs and sellers could bring heavy selling pressure. Gamma exposure (GEX) is accumulating at month-end, and the market still needs additional upward momentum to maintain its trend.