Bitcoin Price Slides Even As Strive Buys $162M In BTC

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Bitcoin’s price fell 0.8% over the past 24 hours to trade at $105,110 as of 4 a.m. on trading volume that rose nearly 3% to $70.22 billion.

This decline comes despite Vivek Ramaswamy’s company Strive purchasing 1,567 bitcoins worth about $162 million, a purchase that surpassed Galaxy Digital and became one of the top 15 global bitcoin holders. Strive’s latest purchase brings its total BTC stock to 7,525 coins, with Galaxy Digital trailing at 6,894, according to BitcoinTreasuries.

JUST IN: 🇺🇸 Vivek Ramaswamy’s ‘Strive’ Buys 1,567 Bitcoins Worth $162 Million. pic.twitter.com/2ER2bBFnru

– Watcher.Guru (@WatcherGuru) November 10, 2025

The BTC purchase comes on the heels of Strive’s recent IPO on the Nasdaq, where its preferred SATA stock quickly sold out. Funding from this IPO fueled a new Bitcoin takeover. The average price paid was $103,315 per coin

Quest updates:

1. SATA has listed on the Nasdaq after an up-and-coming IPO.

2. Strive acquired 1,567 BTC for approximately $162 million at a price of approximately $103,315 per bitcoin. As of 11/10/25, we had 7,525 BTC.

3. New $ assistant & $sata The investor presentation has been released.

4. $sata ROC earnings are expected to be…

– I strive (@ I strive) November 10, 2025

Bitcoin’s on-chain activity confirms the accumulation trend

On-chain Bitcoin signals highlight the new accumulation. Major companies moving coins to corporate wallets boost network activity and help keep selling pressure low.

The supply held by treasury companies continues to grow as more companies add Bitcoin to their balance sheets. Increased wallet balances and fewer coins on exchanges show long-term confidence

Bitcoin Exchange Reserve: CryptoQuant

As more public companies move Bitcoin into their reserves, investor participation in on-chain assets is on the rise.

This trend gives support to higher prices as new buyers continue to enter. Network activity, especially from large owners and corporate buyers, indicates continued demand. Low exchange reserves also indicate a steady accumulation, reducing the risk of a flash sale.

BTC Price Analysis: Is It Heading Toward $125K-$145K?

Looking at the weekly chart of BTCUSDT, the price is trading near $104,900, just above the 50-week simple moving average (SMA) at $103,169 and well ahead of the long-term 200-week SMA at $55,361.

BTCUSDT analysis source: Tradingview

Bitcoin price is still in a strong uptrend, moving gently higher after bouncing off key support near the 50-week simple moving average.

Bitcoin has been forming higher highs and higher lows since mid-2024, showing that buyers are still active and in control of the market direction. Key support is at $103,169 (50-week SMA), which matches the average entry price of Strive’s last buy.

The main resistance is located in the $126,000 to $145,000 area, based on the Fibonacci extension levels shown on the chart. If buyers overcome the $126,199 high, Bitcoin could quickly rise towards the $145,046 area, especially if more big buyers intervene.

Technical indicators give more clues: The Relative Strength Index (RSI) stands at 46.78, indicating that the momentum is positive but not overheated yet.

The MACD (Moving Average Convergence Divergence) indicator is a bit mixed, with the blue line just above the signal but still generally bullish. While the Chaikin Money Flow (CMF) indicator remains in positive territory at 0.07, indicating that capital inflows are steady.

As long as Bitcoin holds above the 50-week SMA and continues to make higher lows, the upside looks safe. Dips to the $103,000 area are being bought quickly, showing commitment from buyers. If the price breaks the current resistance level at $126,000, further gains are possible in the coming weeks, with upside targets in the $130,000-145,000 range.

However, if Bitcoin falls below the $103,000 level, short-term selling could push it towards the next support level near the 200-week simple moving average at $55.36.

Consistency above keeps the uptrend alive. If declines come, buyers are expected to quickly return, holding Bitcoin for the long term as demand grows for the coin’s prices.

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