The market in April, many people are numb.

Bitcoin surged from 73K, pulled back, then surged again to 78K, trading sideways, altcoins flowing like rivers.

Everyone in the group is shouting every day: "Double top," "Halving is the top," "Run away."

And then what?

While you're running, who's catching?

Michael Saylor: A month of BTC Yield 6.2%, net profit of 47,079 BTC, valued at $3.59 billion at market price.

Total Strategy holdings: 815,061 BTC, average cost $75,527.

A monthly 6.2%, the highest record this year.

Do you think Saylor is the only one bottom-fishing?

I checked on-chain and ETF data and found:

BlackRock, Morgan Stanley, during the same period, in the 74K-76K range, consistently net buying against the trend.

You think 74K is a resistance level? In BlackRock's system, that's the cost line.

Saylor is responsible for calling the shots, institutions are responsible for taking orders. What about you? Responsible for asking in the group, "Can I still buy in?"

First, what does a 6.2% BTC Yield mean?

It doesn't mean Bitcoin has increased by 6.2%.

It means Strategy, through debt issuance, arbitrage, derivatives, and other operations, has an implied yield of 6.2% per share.

In other words— they haven't spent much money, and have gained an extra 47k BTC out of thin air.

Second, why are institutions specifically active at 74K-76K?

Because that's Strategy's average cost line ($75,527).

It's also 2.5 times the high point of the last bull market.

And it's a vacuum zone after a large number of leveraged longs were wiped out.

Institutions are very clear:

- Post-halving hash rate support at 50K-60K
- Continuous net inflow into spot ETFs
- Macro liquidity turning point approaching

74K-76K is a zone of triple resonance—technical, fundamental, and capital.

Many ask: Will this range become medium-term support?

My answer is very straightforward:

It already is.

Not because it's drawn on a chart.

Because:

- Strategy's 815K BTC cost basis is here
- BlackRock and Morgan Stanley's accumulation zone is here
- ETF's daily net buying is here

When the world's largest buyer and the largest corporate holder are stacking positions in the same price range, what is that if not support?

Institutions building positions at 74K-76K isn't because the price is cheap, but because this is their mutually confirmed signal zone. #比特币反弹 $BTC