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<a href="https://u.today/bitcoin-news" rel="noopener noreferrer nofollow">Bitcoin</a> supporters got a short-lived morale boost this Tuesday evening after Strategy Executive Chairman Michael Saylor broke his silence with a<a href="https://x.com/saylor/status/2014342830668263718?s=20" rel="noopener noreferrer nofollow">post</a>, revealing that he thinks "about buying more bitcoin."
Amid all the chaos on the charts and social media, one thing is for sure: the timing of Saylor's post was not random, and the<a href="https://u.today/scaramucci-says-he-would-like-bitcoin-to-surge-to-150k" rel="noopener noreferrer nofollow">Bitcoin price</a> managed to recover from a drop to $89,300.
However, the evergreen post seemed to indicate that the market was hitting a minor bottom. <img src="https://u.today/sites/default/files/inline-images/image_3974.png" alt="&quot;&quot;">
For a bit, it seemed like history might repeat itself — Saylor posted, and Bitcoin reversed. But this time, a few minutes later, BTC started dropping back under $89,200 and erased the short recovery and all the optimism with it. The chart now shows that Saylor's tweet was not followed by a rally, but by another leg down.
The situation is rough for buyers, to say the least. In just 24 hours, over $189 million in positions were liquidated, with a $28.5 million single order and $104.9 million worth of short-side liquidations leading the way.
Interestingly, the peak wipeout hit between 11:00 p.m. and midnight on Jan. 21, showing that the pain was ongoing across both leverage camps.
<h2 id="how-much-though">How much, though?</h2>
Still, Saylor is not bothered. As of Jan. 20, he and Strategy hold 709,715 BTC, valued near $63.52 billion. On average, they are costing $75,974, which means a 17.8% unrealized profit — even after the recent dip.
The firm added 22,305 BTC just two days ago.
It is hard to say if this latest post is just a soft front-run to another accumulation wave. But this time, the market did not respond to the message.
<a href="https://u.today/binance-announces-major-19-pair-delisting-with-defi-ai-meme-coins-bitcoin-and-ethereum-in-focus" rel="noopener noreferrer nofollow">Bitcoin is currently trading at around $89,100</a>. The bulls are struggling, the bounce did not work, and Saylor's everbull aura — while still in place — is not moving the chart like it used to. <a href="https://u.today/thinking-about-buying-more-bitcoin-michael-saylor-reacts-to-bitcoin-price-collapse-with-bull" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

'Thinking About Buying More Bitcoin': Michael Saylor Reacts to Bitcoin Price Collapse With Bull Statement

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