Here’s another rewritten version with tighter phrasing and a more streamlined market-news tone:
An analyst said easing ETF outflows and improving risk sentiment are being offset by a stronger dollar and cautious institutional flows, keeping bitcoin stuck in a range.
Bitcoin rebounds above $65,000 in early trading
Crypto markets started Monday on a firmer note after last week’s volatility.
Bitcoin (BTC) and ether (ETH) both rose more than 2% over the past 24 hours, with BTC briefly moving above $65,000 and ETH climbing toward $1,770.
Crypto-linked equities also advanced, including Coinbase (COIN) and Galaxy Digital (GLXY), both up around 4.3%, while Circle Financial (CRCL) gained 4.8%.
Michael Saylor’s Strategy (MSTR) jumped 5.6%, while its preferred stock STRC rose 2.5% to $90.85, extending its recovery after last week’s drop below $83.
Strive buys 759 bitcoin
Strive (ASST) disclosed the purchase of 759 BTC for just under $50 million at an average price of $65,850.
The acquisition was funded through equity issuance and high-yield preferred shares, according to filings.
The company now holds 19,864 BTC valued at roughly $1.29 billion at current prices.
Strategy lifts cash reserves and adds BTC
Strategy (MSTR) increased its cash holdings by $300 million to $1.4 billion while also purchasing 520 bitcoin for $35 million.
The firm now holds 847,363 BTC. It said the cash buffer—used to support dividends on its preferred “Digital Credit” securities—has expanded by $400 million in two weeks.
Strategy reiterated its approach of balancing bitcoin accumulation with cash reserve growth, funded through equity issuance.
Robinhood raises $2B in convertible debt
Robinhood (HOOD) plans to raise $2 billion via convertible senior notes due 2029, with a $200 million upsizing option.
About $300 million will be used for share repurchases, while the rest will support growth initiatives and hedging structures aimed at limiting dilution.
Shares fell roughly 2% in premarket trading.
Bank of England revises stablecoin rules
The Bank of England dropped proposed individual stablecoin holding limits, replacing them with a temporary £40 billion cap on total issuance per systemic stablecoin.
It also eased reserve requirements, allowing up to 70% of backing assets to be held in short-term UK government debt. Interest payments remain banned, but transaction-based rewards will be permitted. A formal framework is expected by 2027.
$10.5B bitcoin options expiry looms
Around $10.5 billion in bitcoin options are set to expire on Deribit this Friday, one of the largest expiries this year.
BTC trades near $64,000, while max pain sits at $72,000. The put-call ratio of 0.83 indicates mildly bullish positioning.
Large downside exposure is centered at $60,000, while upside interest clusters near $80,000.
UK markets muted after political change
Markets showed limited reaction 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%, suggesting the move was largely priced in.
HYPE options trade targets $150
A large bullish options position in HYPE is betting on a potential move toward $150 by late 2026.
The trader structured a bull call spread—buying $100 calls and selling $150 calls—across 50,000 contracts to capture upside while limiting cost.
HYPE last traded near $67.
STRC rebounds as Saylor signals more BTC buying
Strategy’s STRC preferred shares recovered toward $90 after last week’s drop to $82.53, while MSTR traded slightly higher in premarket action.
Executive Chairman Michael Saylor also hinted at further bitcoin purchases, posting: “Looks better with more dots.”
Bitcoin itself held steady near $64,000.
Bitcoin stays range-bound amid ETF outflows
Bitcoin remains near $64,000 as it continues to lack a strong breakout catalyst.
ETF outflows have eased, but six straight weeks of net redemptions point to ongoing institutional caution.
A stronger dollar and elevated yields continue to weigh on sentiment, with the Dollar Index holding near 100.7.
Geopolitical easing after the U.S.–Iran agreement has offered some support, but not enough to offset tighter financial conditions.
Analysts expect bitcoin to remain in a $60,000–$67,000 range in the near term unless ETF inflows and institutional demand return. For now, rebounds are viewed as corrective rather than the start of a new trend.
