Bitcoin traded little changed near $62,600 after Strategy bought 1,550 BTC for $101 million. The purchase brought the company's holdings to 845,256 coins but failed to lift prices amid investor caution ahead of U.S. inflation data.
Strategy, the largest publicly listed Bitcoin holder, completed the purchase on Monday following a sale of 32 BTC at the end of May. The move came after Sunday's 4 percent rebound that briefly pushed prices above $64,000 on some exchanges. Market participants showed limited conviction, with derivatives data indicating reduced liquidations and put-heavy positioning. Analysts pointed to upcoming inflation figures and the Federal Reserve meeting as key factors keeping traders risk-averse. Separately, the H token of Humanity Protocol fell as much as 90 percent after a private-key theft drained over $32 million from wallets. The attack is ongoing, with additional tokens minted on BNB Chain adding to selling pressure.
