MicroStrategy’s latest bitcoin purchase fails to lift prices as investors await U.S. inflation data and Fed policy signals.
Bitcoin remained flat near $62,600 after MicroStrategy added 1,550 BTC for $101 million, increasing its total holdings to 845,256 coins. The move follows an end-May sale of 32 BTC but did not spur market momentum amid broader risk aversion.
Derivatives markets showed steady open interest with negative funding rates and put-heavy positioning, reflecting cautious sentiment. Bitcoin’s brief rebound above $64,000 on Sunday proved short-lived, with broader crypto indexes declining in the past 24 hours.
Investors are awaiting key U.S. inflation data and next week’s Federal Reserve meeting, which could influence monetary policy expectations. The lack of conviction contrasts with earlier bullish trends this year.