• Bitcoin shows a potential rally as Michael Saylor hints at new purchases, with analysts monitoring key support levels.
• Strategy may accumulate more BTC, with Saylor’s tracker suggesting further purchases of their 628,946 holdings.
• Trading volume drops while open interest slightly rises, indicating a pause before a possible breakout.

Bitcoin shows signs of a potential rally as Michael Saylor has indicated new purchases, while specialists pay close attention to key support areas. At the time of writing, Bitcoin is trading at $117,949, with a 24-hour trading volume of $32.83 billion and a market capitalization of $2.35 trillion. Bitcoin rose 0.11% over the past 24 hours, reflecting modest bullish momentum.

Strategy May Accumulate More Bitcoin

Strategy executive chairman Michael Saylor appears to suggest a new BTC purchase. He posted his famous “Saylor Tracker” chart, indicating that further accumulation may be coming. Strategy’s current holdings comprise 628,946 BTC, valued at approximately $75 billion, and the next large price move could be triggered by additional purchases.

Bitcoin Eyes Upside After Weak Price Action

Prominent crypto analyst More Crypto Online pointed out that the recent price action in BTC has been quite weak, but it could resume stronger gains in the sessions ahead. They forecast that if the momentum strengthens, BTC could make a healthy ascending wave and even break out toward higher levels.

However, a dip below $114,470 would be an initial warning sign of potential downside risk, and it would be a good time for investors to pay close attention. At the moment, observers are watching the price action and Saylor’s signals closely in the hopes of gaining a clear picture of the next big development.

Bitcoin Market Shows Signs of Consolidation

The latest Bitcoin trading activity shows a strong volume decline, down -22.43% at $33.91B. Lower trading volume indicates that fewer trades are occurring, reflecting a short-term loss of momentum. Analysts closely monitor such shifts for the possibility of the next significant price change.

In spite of the decreased volume, open interest crept slightly higher by 0.82% to $82.90B. This shows that although fewer trades are being executed, positions are being maintained or growing slightly, signifying persistent interest among analysts in the current trend of the market. Lower volume and growing open interest are common signs of likely consolidation prior to a bigger breakout.

Also Read | Bitcoin Price Soars, Analysts Eye October 2025 for Next Market Top

Positive OI-Weighted in Bitcoin Market

The OI-Weighted reading, currently at 0.0057%, shows the balance of longs over shorts in the derivatives market. OI-Weighted readings above zero indicate that more speculators are betting on higher prices, while a negative reading indicates bearish sentiment. In the prior period, readings hovered around this minuscule positive figure, signaling tentativeness among speculators.

In general, Bitcoin’s chart shows cautiously rising activity. Although trading volume is down, consistent open interest and the slightly bullish OI-weighted metric indicate that speculators are preparing for potential upward moves. Analysts need to monitor both indicators closely to determine the market’s next strong trend.

Also Read | Is Bitcoin’s Bullish Run Over? $117,000 Pullback Sparks Concerns