Bitcoin Has a New Problem: Strategy Is Buying, But Macro Is Fighting Back

• Strategy’s $369.7M Bitcoin purchase restores institutional demand near $80K.
• Rising Treasury yields and Fed rate hike bets are limiting Bitcoin’s momentum.
• Oil above $91 adds inflation risk as Bitcoin holds near key $77K support.

Bitcoin entered September with two powerful forces pulling traders in opposite directions. Strategy has returned to the market after a 10-week pause, restoring a major source of corporate Bitcoin demand just as BTC trades near recent highs.

However, the renewed buying comes as Treasury yields surge, oil prices rise, and investors increase bets on another Federal Reserve rate hike. Bitcoin rose by 1.2% to about $78,015 at the time of writing after gaining nearly 25% in August, but the weaker macro backdrop has limited its attempt to establish a sustained break above $80,000.

Strategy Restarts Bitcoin Buying After 10-Week Pause

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