Bitcoin Gains 5% on Saylor’s Fresh Buy, Supply Squeeze
Bitcoin gained about 5% in 24 hours to $70,845.81 on Tuesday as co-founder Michael Saylor posted a cryptic “The Second Century Begins” with a $1.3 billion bet on BTC.
The institutional buyer bought into retail investors’ sentiment and expectations, with the latest report indicating that Bitcoin supply has fallen sharply.
At the press time, BTC is outperforming a broadly rising market primarily driven by renewed institutional demand and easing geopolitical pressure.
Spot Bitcoin ETFs recorded over $1.35 billion in net inflows over the past two weeks, marking the first back-to-back weekly inflows since October 2025.
Concurrently, optimism that the U.S.-Iran conflict may de-escalate “very soon” eased the macro pressure that had weighed on risk assets, allowing capital to flow back into crypto.
Institutional buyers are treating recent price weakness as a tactical entry, providing a solid bid. Aggressive buying in perpetual markets coincided with a 16.25% jump in total open interest.
Over $110 million in BTC positions were liquidated in 24h, with shorts making up $89.93 million of that, indicating a squeeze. Technically, price reclaimed key moving averages, confirming bullish momentum.
Bitcoin’s rally is supported by concrete ETF inflows and a favourable shift in macro sentiment, though it remains sensitive to upcoming economic data. K
Bitcoin reclaimed the $70,000 level on March 10, rebounding from a weekend sell-off near $65,000. The recovery coincided with easing fears of an oil supply disruption in the Strait of Hormuz, which reduced volatility in energy markets. U.S. spot Bitcoin ETFs saw about $568 million in net inflows last week, helping to stabilise sentiment.
MicroStrategy, holding an average of $75,985 per Bitcoin, is sitting on paper losses with BTC trading lower. Despite this, co-founder Michael Saylor posted a cryptic “The Second Century Begins” message on X, a pattern that has historically preceded new corporate purchases.
This is bullish for Bitcoin as it signals unwavering institutional conviction from a major holder, potentially creating a psychological support level.
Meanwhile, the amount of Bitcoin held on centralised exchanges has dropped to approximately 2.7 million BTC, a level not seen since 2019.
This accelerating trend is driven by spot ETFs and corporate treasury programs, which together have absorbed about 2.4 million BTC, or roughly 11% of the total supply.
This is structurally bullish for Bitcoin, as it indicates a significant and growing supply squeeze that reduces readily available sell-side liquidity. This scarcity could amplify upward price moves but may also increase volatility during sell-offs. Bitcoin Climbs by 6% to $71k as Selloffs Ease
