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- BTC dropped 29%, ETF selling remains strong, but institutional buying continues.
- Strategy added 8,178 BTC ($835M), highlighting confidence in long-term BTC growth.
- Potential recovery hinges on Fed rate cuts and broader market stability.
Bitcoin [BTC] has struggled to regain momentum amid sustained selling pressure from exchange-traded funds (ETFs). Over the past few weeks, ETFs have acted as net sellers, contributing to a decline in BTC’s value. Despite this, institutional interest remains resilient, with Michael Saylor’s Strategy firm continuing to add significantly to its Bitcoin holdings.
Michael Saylor Remains Bullish
Amid Q4 market declines, Saylor reaffirmed Bitcoin’s long-term value proposition in a recent Fox Business interview. He noted that BTC has endured 15 major drawdowns over its 15-year history, always rebounding to new all-time highs. Saylor described the recent 29% drop from $126K to $90K as a natural market correction, clearing out weaker holders and setting the stage for future rallies. He emphasized that Strategy could withstand an 80–90% BTC drawdown, underscoring confidence in the firm’s long-term strategy.
₿etter than Ever. Today I was the warm-up act for @natbrunell as we both talked Bitcoin with @cvpayne. You’ll want to hear what she had to say. pic.twitter.com/vDaFceyeza
— Michael Saylor (@saylor) November 18, 2025
Strategy’s $835M Purchase
On November 17, Strategy added 8,178 BTC—worth $835.6 million—to its portfolio, bringing total holdings to 649,870 BTC. The acquisition was primarily funded through the sale of Euro-based STRE preferred stock. Despite this aggressive purchase, analysts like CryptoQuant’s Julio Moreno caution that the buy is relatively small compared to broader market selling, limiting its immediate effect on stabilizing BTC prices.
Also Read: Tether Backs Ledn as Bitcoin-Backed Lending Surges to New Highs
Market Outlook and Recovery Catalysts
Currently, BTC has reclaimed the $90K level, while MSTR stock trades above $200. Both remain down 28% and 2% YTD, respectively. Market watchers point to potential catalysts, including a possible Federal Reserve rate cut in December, contingent on the November Jobs report. While short-term volatility persists, institutional confidence, led by Strategy’s continued buying, signals a foundation for long-term growth.
Even with ETF-driven selling pressure, Michael Saylor and Strategy maintain a bullish outlook for Bitcoin. Their large-scale purchases, combined with historical resilience, suggest BTC may be poised for recovery, reaffirming its status as a transformative asset in the crypto market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
