Bitcoin’s Plunge: Saylor’s Strategy Sinks, Crypto Titanic Hits Iceberg?

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In a spectacle as predictable as a vicar’s sermon on the evils of jazz, Bitcoin has once again performed its signature nosedive, this time to the dizzying depths of $76,000. The weekend, traditionally reserved for the genteel pursuits of garden parties and quiet despair, was instead marred by a liquidity cascade that left BTC investors clutching their pearls and their portfolios. One imagines them now, poor souls, nursing their weekday wounds only to be kicked anew by this rare weekend volatility.

Among the afflicted is the indefatigable Michael Saylor, whose firm, Strategy, found itself briefly submerged like a yacht in a storm. The company’s Bitcoin holdings, with an average cost basis of around $76,000, were tested as the crypto market underwent liquidations of biblical proportions. One can almost hear the champagne corks popping in the boardrooms of the skeptics.

Strategy’s BTC Holdings: A Titanic on the Verge of an Iceberg

Over recent months, Bitcoin has clung to critical levels with the desperation of a debutante at her first ball. The 360-day moving average, the short-term holders’ realized price-all have been tested, and now, in a twist as dramatic as a Waugh novel, Strategy’s cost basis has joined this growing list of casualties. The firm, which holds a staggering 712,000 BTC, briefly dipped into the red, a spectacle as humiliating as a fallen soufflé.

While Bitcoin now hovers 2.5% above Strategy’s average cost basis, the threat of further decline looms like a disapproving aunt at a family gathering. Should BTC fall and remain below this level, Strategy would find itself sitting on unrealized losses so vast they could make the Great Depression look like a minor hiccup. Market confidence, already as fragile as a teacup in a bull’s parlor, would surely take another hit.

Saylor, ever the optimist, took to the X platform to proclaim that Strategy is “built for the long run.” One wonders if this is the same long run that led the Titanic to its icy doom. Sustained trading below their average cost basis could invite scrutiny to the company’s Bitcoin accumulation strategy, a prospect as welcome as a tax audit on one’s birthday.

Bitcoin’s Bottom: A Quest as Elusive as a Polite Dinner Guest

Julio Moreno, CryptoQuant’s head of research, has warned investors to cease their fruitless search for bottoms, a pursuit as futile as trying to find decency in a tabloid. According to Moreno, the latest decline below $76,000 is not a mere bull market correction but part of a bear phase that began last November. “The indicators that help find bottoms in a bull market are of no use currently,” he wrote, a statement as bleak as a Waugh protagonist’s outlook on life.

As of this writing, BTC stands at $78,070, a 6% decline in the past 24 hours. CoinGecko data reveals a 12% weekly drop, a performance as unimpressive as a debutante’s curtsy at her first ball. One can only imagine the schadenfreude of the traditional financiers, sipping their port and tut-tutting at the folly of it all.

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2026-02-01 18:27