Bitcoin rises 0.33% as Saylor and major investors make moves
- Bitcoin fell 0.05% in 24 hours to $110,020.29 amid Saylor's "orange" signal hinting at potential corporate BTC purchases. - Whale activity saw $7.27B liquidity shifts as Solana-linked Gunden and 1011 Insider Whale deposited BTC into Kraken. - A backtest strategy proposes trading BTC breakouts using 50-day resistance levels, benchmarked against HOLD.P ETF from 2022-2025. - Saylor's $43M BTC purchase and institutional inflows reinforce Bitcoin's role as inflation hedge amid mixed short-term price trends.
As of November 2, 2025, Bitcoin experienced a slight 0.05% decline over the past 24 hours, settling at $110,020.29. Over the previous week, BTC fell by 2.53%, while it gained 0.39% in the last month and surged 17.59% over the past year.
Saylor’s Signal and Market Sentiment
Michael Saylor, the founder of
This post coincided with renewed optimism in the market, as Bitcoin maintained levels above $110,000. Experts point out that increased institutional investment and record ETF holdings have created a bullish environment, which could magnify the effects of Strategy Inc.’s next steps. Saylor’s poetic public statements have often preceded significant purchases, making his signals a key focus for both investors and analysts.
Whale Activity and On-Chain Dynamics
Large-scale investors continue to influence Bitcoin’s liquidity landscape. On November 2, Owen Gunden, a notable whale associated with
At the same time, the “1011 Insider Whale” moved 500 BTC to Kraken, contributing to a total of 6,503 BTC sent to centralized exchanges in the past three weeks. This represents approximately $7.27 billion in liquidity changes, which may indicate strategic adjustments or risk management. Such whale transactions are closely watched as they can signal capital shifts and potentially impact short-term price movements.
Backtest Hypothesis
In light of these market trends, a backtesting approach has been suggested to evaluate the performance of trading Bitcoin at resistance points. This method aims to capture breakout trends by identifying resistance as the highest closing price over the last 50 days. A buy order is placed when the price drops to within 5% below this resistance, anticipating a retest and possible breakout.
Positions are maintained until either an 8% stop-loss from the entry price is hit or a trailing stop of 5% is activated. To limit exposure to sudden reversals, trades are closed after a maximum of 10 days. Daily closing prices will be used to generate signals, ensuring reliability and reducing market noise.
The HOLD.P ETF will serve as the performance benchmark, with the backtest covering January 1, 2022, through November 1, 2025. This period includes various market cycles, providing a comprehensive assessment of the strategy’s durability and effectiveness.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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