
Bitcoin’s 2026 price action shows a drop from around $95,000 to below $90,000, a sharp 15% fall on February 6 to about $60,000, and a recovery through March and April back toward $81,000 by May 4. ETF flows swung from large outflows to a strong inflow day on May 1, when $629 million entered. Buying arguments rest on three structural supports: Strategy’s cost basis near current trading levels, consistent corporate purchases that create a new potential floor, and the post-halving cycle still progressing. ETF outflows are framed as rotation toward bonds rather than loss of conviction, with potential reversal if yields stabilize.
"Bitcoin's current price is anchored to three structural supports, none of which require the macro environment to improve before they matter. Strategy's cost basis is right here: the largest corporate Bitcoin holder in the world owns 843,738 BTC at an average purchase price of $75,700. That's essentially where Bitcoin trades right now, meaning Strategy's entire treasury is at break-even. Every time Bitcoin dropped toward this range in 2026, Strategy bought more, including 34,164 BTC for $2.54 billion in April and another 24,869 BTC for $2.01 billion in May."
"Bitcoin's Price Performance So Far in 2026 crashed, recovered, and is now sliding again in 2026. The biggest crypto opened the year near $95,000 and held above $90,000 through most of January before dropping below it. On February 6, Bitcoin lost 15% in a single day, falling to $60,000 as leveraged positions were wiped out and ETF outflows hit $1.61 billion for the month. It was Bitcoin's lowest price since October 2024 and its worst daily performance of the cycle."
"Bitcoin recovered through March and April, climbing from $60,000 back to $81,000 by May 4, with ETFs pulling in $629 million in a single day on May 1-the strongest session of the year. Factors That Could Make Buying Bitcoin Right Now a Smart Decision rest on the idea that structural supports can matter even if macro conditions do not improve immediately. The post-halving clock is still ticking, with Standard Chartered targeting $100,000 for BTC by year-end."
"$60 Billion in ETF Infrastructure Isn't Going Anywhere. The outflows are institutional traders rotating toward bonds, not a withdrawal of conviction in Bitcoin as an asset class. When Treasury yields stabilize, that capital could return. The honest answer comes down to which one breaks first: rates and yields working against Bitcoin right now, or the structural case strengthening as the cycle continues."
Read at 24/7 Wall St.
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