Bitcoin came under renewed pressure on Sunday, briefly dipping below $88,000 as Michael Saylor, Executive Chairman of Bitcoin-focused Strategy, hinted at additional purchases, signaling continued conviction despite recent weakness.
Saylor Hints at Expanding Bitcoin Exposure
Bitcoin fell to about $87,600 Sunday evening, its lowest in nearly two weeks, then recovered to roughly $89,000 by Monday morning. The drop followed a pattern of sharp moves amid low trading volumes. Saylor posted “Back to more orange dots” on social media, a phrase he has used to flag past purchases.
Strategy last bought 10,624 BTC on December 12, bringing its total holdings above 660,000 BTC, with an estimated market value near $58 billion. The company’s average acquisition price is about $74,700 per BTC, leaving it profitable despite short-term volatility.
Attention Turns to the Bank of Japan
Some analysts link the selling to developments in Japan, where the Bank of Japan is widely expected to announce a 25-basis-point rate hike this week. A BoJ rate increase could prompt investors to reduce exposure to risk assets, potentially weighing on stocks and cryptocurrencies.
For years, ultra-low Japanese rates supported carry trades into higher-yielding U.S. assets; higher rates could reverse those flows and affect global risk sentiment.
Mixed Expectations for Volatility
Not all analysts expect major disruption—many believe a BoJ hike is already priced in and may not trigger significant additional downside. Under that view, Bitcoin may continue trading in a broad range between roughly $80,000 and $100,000 until a new catalyst drives a clear breakout or breakdown.
For now, macro uncertainty, thin liquidity, and ongoing institutional accumulation—highlighted by figures like Saylor—keep Bitcoin balanced between further correction and renewed upside potential.
