Bitcoin Slides Below $77,000 Amid Geopolitical and Macro Pressures as Strategy Deploys $2 Billion to Buy the Dip

Bitcoin faces significant downward pressure as macroeconomic and geopolitical factors trigger widespread market liquidations, even as corporate giant Strategy capitalizes on the pullback with a massive $2 billion acquisition.

Bitcoin plummeted below $77,000 Monday morning, hitting multi-week lows as risk assets reacted sharply to rising bond yields and escalating Middle East tensions. The market downturn triggered more than $670 million in total crypto liquidations over a 24-hour window, heavily impacting over-leveraged long positions.

Defying the broader market sell-off, corporate proxy firm Strategy acquired 24,869 BTC for $2.01 billion, bringing its total institutional treasury holdings to 843,738 BTC.

Bitcoin slipped to lows under $77,000 Monday morning, extending a sharp multi-day correction from its recent psychological peak near $82,000. The digital asset came under heavy pressure from more institutional transmission channels in the wake of intensifying geopolitical anxiety following warnings from Washington regarding Iran, which simultaneously sent Brent crude prices surging above $111 a barrel. The risk-off sentiment cascaded across traditional and digital asset markets, dampening immediate expectations for interest rate cuts.

The swift price decline triggered severe liquidations in the derivatives market, erasing roughly $670 million in leveraged crypto long positions within a 24-hour window. Macro conditions further aggravated the sell-off as the 10-year U.S. Treasury yield climbed to 4.63%, reducing the near-term appeal of non-yielding speculative assets. Spot Bitcoin ETFs also reflected cooling institutional demand, logging roughly $1 billion in net outflows over the preceding week and breaking a sustained six-week streak of consecutive inflows.

Despite the broader market retreat, Strategy (formerly MicroStrategy) executed an epic buying spree, deploying approximately $2.01 billion to purchase 24,869 BTC between May 11 and May 17. According to its latest regulatory filing, the corporate treasury giant acquired the batch at an average price of $80,985 per coin, financed primarily through its ongoing share issuance programs. The purchase raises Strategy’s total balance sheet holdings to 843,738 BTC, representing a cumulative investment of $63.87 billion at an all-time average cost of $75,700 per token.

Market analysts note that while short-term holders remain vulnerable to ongoing macroeconomic shifts and a hawkish Federal Reserve outlook, long-term structural buyers continue to absorb liquidations. On-chain metrics show exchange balances hovering near multi-year lows, reinforcing a strong supply sink despite volatile spot price action. Observers expect the $75,000-to-$76,000 macro corridor to serve as a critical technical support level for the digital asset in the coming days.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

The post Bitcoin Slides Below $77,000 Amid Geopolitical and Macro Pressures as Strategy Deploys $2 Billion to Buy the Dip appeared first on Cryptopress.