BTC Price Stays Flat Despite Strategy’s Fresh Accumulation

Bitcoin stayed mostly flat even after Strategy added to its holdings, as traders remained cautious ahead of key U.S. inflation figures and next week’s Federal Reserve meeting.

The recent rebound in Bitcoin lost momentum on Tuesday, despite Strategy (MSTR) purchasing additional BTC after a small sale at the end of May.

BTC was last seen trading around $62,600, barely changed from Monday. This came after a 4% rebound on Sunday that briefly pushed prices above $64,000 on some exchanges, including Coinbase.

Strategy, the largest publicly listed Bitcoin holder, disclosed on Monday that it had bought 1,550 BTC for $101 million, lifting its total holdings to 845,256 BTC. Even though this purchase was far larger than the 32 BTC it sold in late May, it failed to move the market.

Bitcoin’s lack of direction also spilled over into broader crypto sentiment. The CoinDesk DeFi Select Index fell 1.8% in 24 hours, while the CoinDesk 80 Index dropped 1.3%.

Overall market tone remains defensive, with investors reluctant to take on fresh risk.

Daniel Reis-Faria, CEO of ZeroStack, said Bitcoin is still seeing dip-buying interest, but conviction is weaker than earlier in the year.

He added that while Strategy’s buying attracts attention, macroeconomic factors are driving sentiment. Inflation data and expectations around interest rates ahead of the upcoming FOMC meeting are currently shaping risk appetite across markets, including crypto.

Derivatives market

Crypto futures volume eased 1.3% to $190.7 billion over 24 hours, while open interest held steady near $103 billion. Liquidations fell sharply by 48% to $301 million, suggesting much of the excess leverage has already been cleared.

Zcash stood out in derivatives activity. Open interest rose about 5% to 2.47 million tokens, its highest level since late May, as prices recovered from below $300 to around $472.

Its 24-hour cumulative volume delta turned positive, showing buyers are driving trades through market orders. However, deeply negative funding rates near -45% indicate shorts still dominate positioning, raising the possibility of a short squeeze if prices continue higher.

Open interest in Worldcoin remains close to record highs, signaling crowded positioning and elevated volatility risk. Bitcoin and Ether open interest are largely unchanged from earlier in the week.

Across major tokens, negative volume trends suggest sellers still lead overall market direction.

Volatility gauges like BVIV and EVIV continue to drift lower from recent peaks, indicating easing panic. Still, elevated short-term implied volatility shows traders are bracing for Wednesday’s U.S. CPI release.

On Deribit, the $60,000 put remains heavily traded, with options markets still tilted toward downside protection. BTC puts continue to trade at a premium over calls, reflecting ongoing fears of further downside.

Token market updates

Humanity Protocol’s H token crashed more than 80% after attackers stole private keys from a foundation member, draining over $32 million across roughly 17 wallets. Losses are still ongoing.

The token dropped from about $0.67 to near $0.13 and briefly touched $0.05, marking a near 90% intraday collapse.

The attacker has continued selling stolen tokens for Ether and also minted an additional 100 million H on BNB Chain, worth about $11 million, suggesting further downside pressure may follow.

Humanity Protocol, which focuses on palm-based identity verification and competes with Worldcoin, has urged users to avoid interacting with its bridge and liquidity pools during the ongoing investigation.

The incident reflects a growing 2026 trend of attackers targeting private keys rather than exploiting code vulnerabilities. Similar breaches include Drift Protocol losing about $285 million after an admin key compromise and Kelp DAO suffering around $292 million in losses through a validator bridge exploit.

Sahara AI’s SAHARA token also plunged sharply, falling roughly 60% to around $0.016, close to its all-time low of $0.01355. Trading volume spiked to about $215 million versus a market cap near $49 million, signaling heavy capitulation.

Unlike Humanity Protocol, Sahara AI said its smart contracts were not compromised and attributed the drop to a scheduled transfer of 600 million tokens via its Chainlink bridge. It also confirmed that team and investor allocations remain untouched on-chain.

SAHARA is now down roughly 75% since its launch in June 2025.

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