Bitcoin slipped under $88,000 on Sunday, briefly hitting about $87,600 before recovering to roughly $89,000 by Monday morning, as thin trading volumes amplified price swings. The weakness came amid renewed public signals from Michael Saylor, who indicated he may add to his firm’s bitcoin holdings despite the pullback.
Saylor signaled potential buying with a social post reading “Back to more orange dots,” a phrase he has previously used to flag new purchases. His comments reinforced market attention on continued institutional accumulation even as short-term volatility picks up.
MicroStrategy last purchased 10,624 BTC on December 12, lifting its total holdings to more than 660,000 BTC with an estimated market value near $58 billion. The company’s average acquisition cost is about $74,700 per bitcoin, leaving it broadly profitable despite recent swings.
Some analysts point to developments in Japan as part of the selling pressure: the Bank of Japan is widely expected to announce a 25‑basis‑point rate hike this week. Higher Japanese rates could prompt a reversal of carry trades that moved cheap yen funding into higher‑yielding U.S. assets, reducing global risk appetite and pressuring stocks and cryptocurrencies.
Not all observers expect a large move. Many believe a BoJ rate rise is largely priced in and may not force a major additional selloff. Under that view, bitcoin could trade in a broad $80,000–$100,000 band until a fresh catalyst produces a decisive breakout or breakdown.
For now, macro uncertainty, thin liquidity, and continued institutional buying—highlighted by figures like Saylor—leave bitcoin balanced between the possibility of further correction and the potential for renewed upside.