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Bitcoin rebounds from bear market; Strategy reports record Q3 with $19.1B net income and bullish outlook.

Market News
06 Nov 2026, 14:17 WIB
Blockonomi
View Source
Bullish
Bitcoin rebounds from bear market; Strategy reports record Q3 with $19.1B net income and bullish outlook.

Michael Saylor, founder of Strategy, said Bitcoin is rebounding from a year-long bear market and its 200-week moving average, signaling a potential two to three-year bull market. Bitcoin's market dominance has risen to around 67%, supported by $6.3 billion in Q3 ETF inflows and growing institutional demand, including banks. Strategy holds 848,517 Bitcoin (about 4% of eventual supply) and reported record Q3 net income of $19.1 billion, driven by Bitcoin's price rise. The company plans to grow through digital credit products and expects factors like tokenization and the 2028 halving to boost Bitcoin demand further. CFO Andrew Kang will step down in November, with CEO Phong Le assuming financial leadership during the transition.

Michael Saylor's Bitcoin outlook is presented here with Pluang's market snapshot as of Nov 06, 2026 19:01 WIB: Among 50 major cryptocurrencies on Pluang, only 4 rose while 45 fell. Solana (SOL) dropped 6.85% to Rp1.632.863 with a typical hold time of 72 days, Algorand (ALGO) declined 6.70% to Rp1.698, and Uniswap (UNI) fell 6.58% to Rp125.813, with strong sell order activity dominating these assets.

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