Bitcoin plunged to roughly $74,000 on Sunday — its lowest level since April 2025 — as a wave of liquidations accelerated the crypto market correction. CNBC commentator Jim Cramer, who says he holds BTC, argued the sharp weekend move highlights Bitcoin’s volatility and its shortcomings as a short-term currency.
Cramer wrote on X that the weekend swing shows Bitcoin’s unreliability for short-term use. He suggested the sell-off could be driven by short sellers attempting to pre-empt MicroStrategy’s upcoming earnings report on Feb. 5, saying the shorts may be trying to pressure the stock and its bullish narrative ahead of that date. He also warned that the usual buyers may not be sufficient to prevent a deeper slide.
Referencing strategist Jessica Inskip, Cramer pointed to a potential support zone near $73,000 and said BTC needs a decisive bounce above $77,000 to form a launching pad back toward the $82,000–$83,000 range. He also noted the relative quiet from prominent Bitcoin bulls after the Jan. 31 pullback and questioned whether MicroStrategy executive chairman Michael Saylor has the resources to intervene.
MicroStrategy did buy the dip over the weekend, adding 855 BTC for about $75 million, according to the company’s SEC filing.
