Bitcoin is hovering around $100,000, having recently touched $99.8k before retesting lower levels. This pullback follows some profit-taking from sellers, many of whom entered the market above $56,000. MicroStrategy has made significant purchases lately, acquiring 55,500 bitcoin for approximately $5.4 billion at an average of nearly $98,000 per bitcoin. This purchase is part of a trend where the company has bought nearly $10 billion worth of bitcoin this month alone, despite the fact that these purchases alone may not be enough to push the price over the $100k barrier. Market liquidity trends, as noted by FalconX, indicate an increase in trading volume but insufficient depth in book orders, suggesting that the path to breaking through $100,000 is still challenging, although positive signals persist within the overall market landscape.

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