The past three days have been tumultuous for the crypto market, to say the least.
However, bitcoin holders are in a favorable position, as the bitcoin price has surged back to approximately $116,000 today, following a turbulent weekend that saw a downturn in the wider crypto market.
The bitcoin price dipped into the low $100,000s on Friday amid trade tensions between the U.S. and China, which shook global markets. President Donald Trump revealed new 100% tariffs on Chinese imports after Beijing announced extensive export controls set to take effect on November 1.
Over the weekend, however, market anxieties subsided, and the bitcoin price steadily increased. President Trump mitigated some concerns by stating that ‘it will all be fine’ in response to the trade issues.
This rebound coincides with both institutional inflows and corporate treasury activities that help bolster sentiment across crypto markets.
The latest upward movement was partly fueled by Strategy’s announcement of an additional purchase of 220 BTC for approximately $27.2 million, boosting its total holdings to 640,250 BTC — about 3.1% of Bitcoin’s overall supply.
The company financed the acquisition through proceeds from various at-the-market (ATM) share offerings over the previous week.
While Strategy’s accumulation has traditionally been highlighted in bull market stories, analysts indicate that the timing of this recent purchase has sent a reassuring message to anxious investors following Friday’s market drop.
From panic to recovery in bitcoin price
Technical analysts currently identify a bitcoin price of $105,000 as critical short-term support, while $118,000 is the threshold bulls need to surpass to regain dominance. The overall sentiment remains cautious, with oscillators still skewing bearish after the sharp decline.
Beyond immediate price movements, the recovery underscores Bitcoin’s increasing presence among corporate treasuries and institutions. Recent statistics reveal ongoing inflows into U.S. spot Bitcoin ETFs, with BlackRock’s IBIT ETF exceeding 800,000 BTC in assets under management — valued at nearly $97 billion.
This steady accumulation by institutions, alongside corporate players like Strategy and DDC Enterprise adopting Bitcoin as part of their treasury reserves, has emerged as a pivotal aspect of this market cycle.
With the next Bitcoin halving set for April 2026 and macro conditions remaining unstable, analysts foresee continued volatility. Nevertheless, the fundamental narrative remains positive: limited supply, increasing institutional interest, and growing acceptance as a treasury asset.
As of the time of writing, bitcoin is trading around $116,050, reflecting an increase of about 9% from its lows over the weekend.
