Bitcoin Surges Near $75,000 Amidst Trading Volatility
On the evening of April 13, Bitcoin prices jumped over 5%, approaching the $75,000 mark. This marked one of its most notable intraday movements in weeks, driven by traders reacting to various macroeconomic factors and technical setups.
This price increase followed a period of fluctuating trading, where Bitcoin oscillated between a support level of around $68,000 and a resistance point near $75,000. Geopolitical tensions, particularly involving the U.S. and Iran, have created an uneasy backdrop lately.
Earlier in the week, Bitcoin prices dipped toward $70,000 as oil prices escalated, affecting risk assets due to stalled diplomatic discussions and the U.S. naval blockade in the Strait of Hormuz.
The overall market environment remains tense. Oil prices have surged beyond $100 per barrel, fueled by ongoing inflation in the Middle East. This situation has seemingly diminished expectations for imminent interest rate cuts by the Federal Reserve. Nonetheless, Bitcoin has shown notable strength, generally staying above the $70,000 level for much of the past week.
Bitcoin Price Movement and Accumulation Strategy
At the start of the day, Bitcoin was hovering near $70,000, but it rapidly climbed as the day progressed. Analysts had previously indicated a considerable number of leveraged short positions existing in the $72,000 to $73,500 range, meaning that once resistance was crossed, a swift rally could follow. As the price breached that level, liquidations helped propel Bitcoin prices towards a multi-week high.
Additionally, on April 13, 2026, Strategy’s ATM program reached a significant milestone, with its preferred stock trading over $1 billion in daily volume—all above the $100 par value needed for stock issuance. This allowed the company to maintain its ATM program at full capacity during the session.
According to estimates, this activity generated about $796 million in one day for Bitcoin businesses, which could support a potential acquisition of around 10,834 BTC at an average cost of nearly $73,400. To put that into perspective, this amount is over 24 times the daily Bitcoin mining supply following the most recent halving.
The surge was accompanied by a confirmed net revenue of $1.001 billion from the ATM program for the week of April 6-12, as per recent SEC filings. During this timeframe, Strategy purchased 13,927 BTC at an average price of $71,902. The firm’s capture rate—indicating the proportion of eligible trading volume converted into revenue—has increased to 81% from 45% in early March. This indicates a more aggressive approach and strong market demand.
Recent weeks have displayed a marked acceleration, with several billion-dollar terms and improved efficiency in capital deployment. Interestingly, one day alone accounted for almost 80% of last week’s total revenue, suggesting that this week may see record figures for the program.
Currently, Strategy holds around 780,897 BTC, valued at approximately $59 billion. Their ATM program has brought in over $3.5 billion in revenue, solidifying their status as the largest corporate holder of Bitcoin and exemplifying the ongoing growth of their accumulation strategy.
