Bitcoin is trading near $63,000, slightly below the roughly $63,770 long-term benchmark that Michael Saylor says Strategy is now monitoring alongside the token's premium or discount to that level.
Strategy, led by Michael Saylor and holding roughly 843,775 bitcoin worth about $53 billion, is now tracking bitcoin's 200-week moving average and whether the token trades at a premium or discount to that level. Bitcoin was trading near $63,000, slightly below the roughly $63,770 benchmark, which represents the average closing price over about four years and has historically acted as a key support level in past bear markets. Saylor said bitcoin has traded above the 200-week moving average 92% of the time since the metric became available. Prices came under pressure after reports said the Senate did not include the Clarity Act on Monday's agenda, raising concern about a delay to legislation that some market participants expect could help unlock institutional demand for digital assets. Analysts and traders widely use moving averages to gauge broader market trends, and Kraken's analyst said buying bitcoin at a discount to the 200-week average has historically produced median returns of more than 113% over 12 months and 313% over two years, though whether that pattern holds remains uncertain.