Group 1: Company Actions - Strategy Inc. has purchased 196 Bitcoin for $22.1 million, increasing its total holdings to 640,031 BTC [1] - The Bitcoin purchase was funded through the company's at-the-market equity programs, which raised $128.1 million from the sale of preferred and common shares between September 22 and September 28 [2] - Strategy's total Bitcoin investment now stands at $47.35 billion, with an average purchase price of $73,983 per coin [2] Group 2: Market Trends - Digital asset products experienced $812 million in weekly outflows, with the U.S. leading redemptions at $1 billion, while Switzerland, Canada, and Germany reported inflows [3] - Bitcoin products specifically saw $719 million in outflows, but the lack of short-Bitcoin inflows indicates that the selling pressure was not strongly conviction-driven [3] - Ethereum recorded $409 million in redemptions, while Solana attracted $291 million in inflows ahead of its U.S. ETF decision [4] Group 3: Technical Analysis - Bitcoin is trading near $114,000, maintaining support above the 0.236 Fibonacci retracement level at $111,294, with immediate resistance between $112,791 and $113,277 [6] - A breakout above the resistance cluster may target $116,000 and the 0.618 retracement near $117,896 [6] - On the downside, support levels are set at $111,784 and deeper at $108,380, where the 200-day EMA aligns with the channel base [7] Group 4: Market Sentiment - The Crypto Fear & Greed Index has risen from 37 to 49, indicating a shift from fear to neutrality in the market [10] - This divergence suggests a critical turning point where Bitcoin's direction is increasingly influenced by long-term institutional investors rather than short-term market sentiment [10] Group 5: Strategic Implications - Strategy's recent allocation reflects a trend of balance-sheet adoption that is beginning to reshape Bitcoin's market structure [8] - Despite significant outflows from digital asset funds, the increase in corporate holdings of Bitcoin indicates that corporate treasuries are emerging as a counterweight to cyclical investor flows [9]