Bitcoin prices today are up to $98,000, but the institution secretly buys dip

Bitcoin prices have fallen 11% from $110,000 to $98,000 since June 10, due to Iran, Israel and the US, whose actions have shaken financial markets, including crypto.

However, the $98,000 mark reversed by 3% on Monday as some whales and institutions remained optimistic despite continuing geopolitical impacts.

The Giants have seen the current price decline in BTC as a great investment opportunity. They seem to know that “buying dip” is the best course of action in a short-term war. Read to learn more.

The agency buys dip with Bitcoin

When writing, BTC swapped hands for $101,569, which barely rose from the recent crash. The 3% rise comes as long-term BTC supporter Michael Saylor revealed plans to buy additional Bitcoin on June 22. He optimistically shared MSTR’s portfolio tracker chart, boldly saying there’s nothing to stop this orange from moving forward.

The update was shared when BTC took downward price action, and recently known analyst Captain Phivic discovered weekly RSI differences that could attract BTC to the $92,000-$94,000 level.

Saylor’s optimism points out that he is poised to buy this dip at BTC and that increasing hope for future momentum could be a parabolic. Based on his plan, buying a DIP could result in excessive returns if the BTC fly high.

Inspired by Saylor’s decision, Metaplanet purchased more 1,111 BTC, worth $111 million today. Recently, he plans to buy £4 million, equivalent to US$5.35 million BTC at the Treasury Department.

Similarly, the public Spancon announced it would like to raise $384 million to launch the Bitcoin Treasury Department.

Furthermore, just as the current price dynamics have fallen further, Mr. Crypto shared that bears are also aggressive and massive liquidity sits on top, as Captain Faibic highlights.

So, if the accumulation of institutions continues, they will get BTC at a discount rate, but a sudden rise in demand will settle all topside bears and take them to new levels with a short squeeze.

Moreover, despite all the bad geopolitical news from the second quarter, a separate analysts said that the total market capitalization revives trendline support for almost two years, with price action retesting in recent June. As we saw before, it clearly shows that there is a possibility of large spikes.