Here’s a rewritten version with a more concise, market-news tone:
An analyst said easing ETF outflows and improving risk sentiment are being offset by a firmer dollar and cautious institutional flows, keeping bitcoin locked in a range.
Bitcoin tops $65,000 in early-week rebound
Crypto markets opened Monday on a firmer footing after a volatile week.
Bitcoin (BTC) and ether (ETH) both gained more than 2% over the past 24 hours, with BTC briefly moving above $65,000 and ETH rising toward $1,770.
Crypto-related equities also advanced, including Coinbase (COIN) and Galaxy Digital (GLXY), each up around 4.3%, while Circle Financial (CRCL) rose 4.8%.
Michael Saylor’s Strategy (MSTR) gained 5.6%, while its pressured preferred stock STRC climbed 2.5% to $90.85, extending its rebound from last week’s drop below $83.
Strive buys 759 BTC for $50 million
Strive (ASST) disclosed a purchase of 759 bitcoin for just under $50 million at an average price of $65,850.
The acquisition was funded through equity issuance and high-yield preferred stock (SATA), according to filings.
The firm now holds 19,864 BTC valued at roughly $1.29 billion at current prices.
Strategy boosts cash reserves and adds 520 BTC
Strategy (MSTR) raised its cash position by $300 million to $1.4 billion while purchasing an additional 520 bitcoin for $35 million.
Total holdings now stand at 847,363 BTC. The company said its cash buffer—used to support dividends on its preferred “Digital Credit” securities—has grown by $400 million in two weeks.
Management reiterated plans to continue balancing bitcoin purchases with cash reserve expansion, funded through equity issuance.
Robinhood raises $2B via convertible notes
Robinhood (HOOD) plans to raise $2 billion through convertible senior notes due 2029, with an optional $200 million upsizing.
Roughly $300 million will go toward share buybacks, while the remainder will support growth initiatives and hedging transactions designed to limit dilution.
The stock fell about 2% in premarket trading following the announcement.
Bank of England updates stablecoin framework
The Bank of England scrapped proposed individual holding limits for stablecoins, replacing them with a temporary £40 billion cap on total issuance per systemic stablecoin.
The central bank also relaxed reserve requirements, allowing up to 70% of backing assets to be held in short-term UK government debt. While interest payments remain banned, transaction-based rewards will be allowed. A regulated framework is expected by 2027.
$10.5B bitcoin options expiry in focus
About $10.5 billion in bitcoin options are set to expire on Deribit this Friday, one of the largest expiries of the year.
BTC trades near $64,000, while max pain sits at $72,000. The put-call ratio of 0.83 signals slightly bullish positioning.
Key downside interest is clustered at $60,000, while upside exposure is concentrated near $80,000.
UK markets steady after leadership shake-up
Markets reacted minimally to the resignation of UK Prime Minister Keir Starmer.
GBP/USD slipped 0.15% to $1.32, while 10-year gilt yields edged up to 4.85%, indicating the move was largely priced in.
HYPE options trade targets $150 upside
A large bullish options strategy in HYPE positioned for a potential rally toward $150 by late 2026.
The trader executed a bull call spread, buying $100 calls and selling $150 calls across 50,000 contracts to capture upside while capping gains.
HYPE last traded near $67.
Strategy STRC rebounds as Saylor hints at BTC buy
Strategy’s STRC preferred shares recovered toward $90 after last week’s drop to $82.53, while MSTR edged higher in premarket trading.
Executive Chairman Michael Saylor signaled potential additional bitcoin purchases on X, writing: “Looks better with more dots.”
Bitcoin itself remained steady near $64,000.
Bitcoin remains range-bound amid ETF outflows
Bitcoin continues to trade near $64,000, lacking a catalyst to break out of its recent range.
Six straight weeks of ETF outflows highlight ongoing institutional caution, even as selling pressure has eased.
A stronger dollar and elevated yields continue to weigh on risk appetite, with the Dollar Index holding near 100.7.
While geopolitical tensions have eased following the U.S.–Iran agreement, the support has not been enough to offset tighter financial conditions.
Analysts expect BTC to remain in a $60,000–$67,000 range unless ETF inflows and institutional demand return in a sustained way. For now, recent rebounds are seen as technical rather than trend-defining.
