Bitcoin traded at $75,213 on April 20, 2026, at 8 a.m. ET, holding within a defined consolidation range as a broader bullish structure remains intact. Technical signals across multiple timeframes suggest a market in transition, balancing short-term indecision against a still-favorable macro trend.
Strategy bought 34,164 BTC for $2.54 billion, lifting total holdings to 815,061 BTC at an average purchase price of $75,527.
The last time the company spent so much money at once was just after the 2024 US presidential elections.
Strategy Inc. deepened its bitcoin exposure with a multibillion-dollar purchase, reinforcing corporate treasury demand for the asset. The move signals sustained institutional conviction as Strategy expands holdings through capital markets activity. Key Takeaways: Strategy expanded its bitcoin holdings with a major purchase backed by fresh capital.
Last week's purchases were funded by sales of the companies perpetual preferred stock, STRC and common stock.
Bitcoin (CRYPTO: BTC) spot ETFs posted $996.4 million in net inflows last week, the largest weekly total since mid-January, bringing positive flows to three consecutive weeks. BlackRock And Morgan Stanley Lead Inflows BlackRock's IBIT (NASDAQ:IBIT) led weekly inflows with $906 million.
Bitcoin faces a $7.9 billion options expiry according to Deribit data, with heavy concentration at the $75,000 strike level. The “max pain” sits at $71,000, while bearish positions in perpetual futures could trigger a short squeeze if the price holds.
Market dynamics continue to paint a bullish picture for bitcoin BTC$74,857.89 even as Iran-related developments and DeFi hacks dominate headlines.
Spot Bitcoin ETFs Near $1B Weekly Inflows: Best Since January
Bitcoin pulled back after Friday's surge as traders considered a CME futures gap, a DeFi exploit rattled altcoins and macro pressures weighed on sentiment.
Publicly listed Bitcoin miners liquidated more than 32,000 Bitcoin during the first quarter of 2026, marking a record sell-off as the industry's largest operators redirect billions in capital toward artificial intelligence. This historic shift is unfolding precisely as the economics of Bitcoin validation reach a critical pressure point.
Bitcoin nears a $7.9 billion options expiry, with $75,000, $71,000 max pain, and short squeeze risks in focus.