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Bitcoin came under renewed pressure on Sunday, briefly falling below the $88,000 level. At the same time, Michael Saylor, Executive Chairman of Bitcoin-focused company Strategy, hinted at another potential investment into the digital asset, signaling continued confidence despite recent market weakness.
Saylor Hints at Expanding Bitcoin Exposure
Bitcoin dropped to around $87,600 on Sunday evening, marking its lowest level in nearly two weeks. Prices later recovered modestly, trading near $89,000 by Monday morning. The sudden decline fits a pattern observed repeatedly in recent weeks: sharp price moves occurring amid relatively low trading volumes.
Michael Saylor suggested via social media that Strategy may soon add to its Bitcoin holdings. He posted the message “Back to more orange dots,” a reference to previous Bitcoin purchases that he has historically announced using the same phrase.
Strategy’s most recent acquisition took place on December 12, when the company purchased 10,624 BTC. With that transaction, Strategy’s total holdings surpassed 660,000 Bitcoin, with an estimated market value of approximately $58 billion. The company’s average acquisition price is around $74,700 per BTC, leaving it solidly in profit despite recent price volatility.
Attention Turns to the Bank of Japan
According to several analysts, the latest selling pressure may be linked to developments in Japan. The Bank of Japan (BoJ) is expected to announce an interest rate decision this week, with markets assigning a high probability to a 25-basis-point rate hike.
A rate increase in Japan could have broader implications for global financial markets, as investors may reduce exposure to risk assets such as equities and cryptocurrencies. Historically, Japanese rate hikes have coincided with periods of turbulence in both stock markets and Bitcoin.
For years, Japan maintained ultra-low interest rates, allowing investors to borrow cheaply in yen and deploy capital into higher-yielding U.S. assets. A shift toward higher rates could unwind these carry trades, potentially triggering capital flows back into Japan and weighing on global risk sentiment.
Mixed Expectations for Volatility
Not all analysts anticipate major surprises or sustained volatility. Some market observers believe that a BoJ rate hike is already largely priced in and may not lead to significant additional downside.
Under this scenario, Bitcoin is expected to continue trading within a broad range between approximately $80,000 and $100,000, until a new catalyst emerges that could drive a decisive breakout or breakdown.
For now, the combination of macro uncertainty, low liquidity, and institutional accumulation signals—particularly from figures like Michael Saylor—keeps Bitcoin locked in a delicate balance between correction and renewed upside momentum.
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